Troubled airline: A file picture shows Alitalia plane parked at Rome’s Fiumicino airport. Shareholders in Alitalia have voted unanimously to put the company into administration, moving the troubled airline a step closer to liquidation as efforts continue to find a buyer. – AFP
LONDON: After its second bankruptcy filing in a decade, Alitalia SpA’s survival hinges once again on attracting a buyer prepared to put the attractions of the Italian travel market ahead of the risk of pouring money into one of Europe’s most notoriously unprofitable businesses.
Only this time round, there may be no takers.
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