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[ News ]November 1, 2020 9:39 pm ET
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…