Italy to Meet Alitalia Executives With 1,600 Jobs on the Line
- Another rescue plan is on the agenda for once-bankrupt airline
- Ministers meet carrier’s managers in Rome, seek new plan
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As the new Italian government of Paolo Gentiloni hammers away at a rescue plan for beleaguered lender Banca Monte dei Paschi di Siena SpA, it’s suddenly contending with another corporate crisis: the future of airline Alitalia SpA.
Executives from key investor Etihad Airways and Alitalia -- which went bankrupt in 2008 after rescue attempts involving the state and private investors failed, and which teetered on the brink of collapse in 2014 -- met Italian ministers on Monday.