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Old 29th August 2008, 21:46   #1
JohnDotCom
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Default Another airline goes Bankrupt

Troubled Italian Airline Alitalia has applied for bankruptcy protection to prevent Creditors seizing its planes.
It has effectively declared itself Insolvent.

It is currently running flights on a Government state loan of 300 Million euros.

An administrator has been appointed, and the Planes will continue to fly, while a radical overhaul of its operations are carried out or a new Owner sought.

See Foreign Governments keep theirs flying!!!
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Old 29th August 2008, 21:50   #2
Zeb
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The solution to global warming is..... a recession....and high fuel prices....

I liked Alitalia....
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Old 1st September 2008, 10:55   #3
majedm75
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Not long ago Air France were trying to buy them, but they refused the deal...
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