You are here

Italy refutes 'protectionist' tag on Alitalia rescue plan

BA's parent slams Poste Italiane's injection of funds as 'illegal aid'
Wednesday, October 16, 2013 - 06:00

BT_20131016_ALI16_796581.jpg
Another bailout: State aid is protectionist, undermines competition and favours failing airlines that have not got to grips with economic reality, says British Airways' parent company, IAG. - PHOTO: REUTERS

[MILAN] Italy has denied charges of protectionism over a plan for the postal service to help fund troubled airline Alitalia but British Airways' parent company IAG condemned it as "illegal aid". The cash-strapped private flag carrier's board gave an initial go-ahead to a plan on Friday to boost

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom