Italy's flag carrier Alitalia is 3 billion euros in debt
Milan
LOSS-MAKING airline Alitalia, which asked to be put under special administration on Tuesday, had debts of around 3 billion euros (S$4.6 billion) as of the end of February, Italy's government said on Saturday.
In a document marking the opening of the special administration process and the appointment of three commissioners to run the airline, the government said Alitalia had current liabilities of around 2.3 billion euros and assets worth 921 million euros.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status