Alitalia To Sell Assets To New State-Owned Company

The process to rescue the fledgling Italian flag carrier Alitalia as a state-owned carrier realized a decisive step forward on Oct. 29 when the newly-formed company founded to take over all the activities from the “old Alitalia” was formally registered, Italian newspaper Corriere della Sera reports. The new company is called “ITA – Italia Trasporto Aereo S.p.A.” and has been established with an initial capital of 20 million euros ($23.3 million), but will receive a cash injection of up to…