The Traderszone Network

Published in TZ Latest News 2 May, 2017 by The TZ Newswire Staff

Italy’s National Carrier Alitalia Files For Bankruptcy

As was widely expected, on Tuesday Italy’s national carrier Alitalia filed for its second bankruptcy in 9 years, after its board decided to formally ask the ministry of economic development to put the money-losing carrier, the partly owned by UAE’s Etihad Airlines, under special administration after workers rejected its latest rescue plan meant to unlock much-needed financing.

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