Alitalia asks banks for more funding

Report may be a sign of a further liquidity crisis

Alitalia has asked banks to extend an existing loan agreement by €50 million per day, the newspaper Il Messaggero reports. The story may be a further sign that the Italian carrier is again facing a liquidity crisis – just weeks after an emergency capital increase.

Alitalia’s chief executive, Gabriele Del Torchio, has written letters to UniCredit and Intesa Sanpaolo seeking additional funding, the report says.

The request comes on top of €200 million in bank loans already agreed in October, as part of a €500 million rescue package. Alitalia is also currently in talks with Etihad Airways about a possible investment.

Reuters

[photo by Kok Vermeulen]

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