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Alitalia Pockets Emergency Cash, Heads To Union Meeting

By DMO Affiliate
Alitalia finally secured the $412 million it needs to keep flying over Christmas, a source said on Tuesday, concluding a drawn-out capital raising that showed how much work the airline has to convince investors it can survive. Italy's national carrier, having pocketed cash that analysts estimate will last it six months, now goes straight to its next challenge: A meeting with unions where sources said it will try to persuade them to sign up to thousands of job cuts.
Alitalia Pockets Emergency Cash, Heads To Union Meeting




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