Italy reportedly is trying to avert collapse of Alitalia

09/26/2013 | Reuters

Italy is trying to put together a temporary financing arrangement to keep the Alitalia airline from going out of business, according to a report in the newspaper Il Sole 24 Ore. "Today the company has to be protected financially so that it can execute its restructuring plan and be able to [make] alliances with others from a position of strength," Industry Minister Flavio Zanonato told the newspaper.

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