Alitalia files for bankruptcy protection | WHAT REALLY HAPPENED


Alitalia files for bankruptcy protection

Alitalia* said Friday it has sought bankruptcy protection, taking the first step in a plan to reshape Italy's unprofitable and debt-laden national carrier.

The company said in a statement that its board had asked the government to appoint an administrator and had declared insolvency to a Rome court.

Webmaster's Commentary: 

*Always Late In Takeoff, Always Late In Arrival

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