Alitalia Plans to More Than Double Size of Capital Hike
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Alitalia SpA needs a bigger capital injection than previously estimated, as management works to secure a package approaching half a billion euros ($676 million) to keep the airline afloat, trade union executives said.
The measures include a capital increase of as much as 300 million euros, three times the amount the carrier had sought earlier, according to the union officials who met Chief Executive Officer Gabriele Del Torchio yesterday. The government is involved in the salvage mission, with potentially just days remaining to avert a collapse, they said.