moose135
2008-08-29, 08:10 PM
Alitalia Requests Bankruptcy Protection
By Gordon Sorlini
MILAN -- Alitalia SpA on Friday said it requested protection from bankruptcy, part of the Italian government's last-ditch effort to save the unprofitable carrier from collapse.
Alitalia also said that it filed a request with a Rome court for insolvency. The request is a necessary step in a rescue plan developed by Italian bank Intesa Sanpaolo SpA, charged by the government to act as Alitalia's adviser. The plan would split the carrier. Its potentially profitable assets will be sold ...
http://online.wsj.com/article/SB122002965630083825.html
By Gordon Sorlini
MILAN -- Alitalia SpA on Friday said it requested protection from bankruptcy, part of the Italian government's last-ditch effort to save the unprofitable carrier from collapse.
Alitalia also said that it filed a request with a Rome court for insolvency. The request is a necessary step in a rescue plan developed by Italian bank Intesa Sanpaolo SpA, charged by the government to act as Alitalia's adviser. The plan would split the carrier. Its potentially profitable assets will be sold ...
http://online.wsj.com/article/SB122002965630083825.html