Ailing airline Alitalia must find €1 billion by the end of this month


Ailing airline Alitalia is looking for at least 1 billion € by the end of this month, Italian newspaper Il Sole 24 Ore reports.

End of March Alitalia -expected losses per day: €2 million- will no longer be able to afford fuel or to pay the salaries of 12,000 employees, the airports’ fees, the leasing payments on the airplanes and their other suppliers.

In December 2016 Alitalia’s board of directors approved the second phase of the airline’s business plan. 5 years ago Alitalia was on the brink of ruin, losing 630.000 € per day, and was “saved” by Etihad,

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