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Alitalia set to fly into the future with capital increase and company shake up at... - corporate

  • Uploaded by OtherNews on Oct 17, 2013
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Italy's state owned airline Alitalia is set to fly into the future with a rescue package , the most watched news channel in EuropeSubscribe for your daily dose of international news, curated and explained: is available in 13 other languages: 's state owned airline Alitalia is set to fly into the future with a rescue package which includes a 300 million euro capital increase agreed by shareholders. Members of the board it was announced will resign as part of the loss making airline's new ownership structure. The shareholders have 30 days from Wednesday to take up their options. It remains unclear if Air-France-KLM who with 25 percent are the largest stakeholder will do source close to the company is reported as saying it is "50-50". The capital increase is partly underwritten by the state owned postal services. The European Commission reacted by saying it will asses the capital increase with its compatibility with EU state aid rules. British Airways had urged the Commission to take interim measures amidst accusations of protectionism because of the involvement of Poste us on: Youtube Facebook



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