Alitalia set for temporary reprieve as rescue deadline nears -sources [Reuters]
Delta Air Lines, Inc. (DAL)
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Source: Reuters
Alitalia set for temporary reprieve as rescue deadline nears -sources - Reuters 3 Min Read MILAN, Oct 14 (Reuters) - Alitalia is set to win a temporary lifeline on Tuesday, when its latest rescue deadline expires, with toll road operator Atlantia expected to give a conditional green light to hundreds of millions of euros of investment, according to two people close to the situation. The future of the troubled Italian carrier remains in doubt with no binding offer and no clear business plan in sight but it should avoid an immediate liquidation after the expiry of the Oct. 15 deadline set by the industry ministry. Atlantia, which is controlled by Benetton family, has been in talks since July over taking part in a government-orchestrated rescue of the airline, together with railway group Ferrovie dello Stato, the treasury and Delta Air Lines. “Atlantia is expected to give its commitment to invest in Alitalia subject to several conditions,” one of the sources said. But issues that still c
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