Air France (Paris) and KLM Royal Dutch Airlines (Amsterdam) will decide today at a meeting of Alitalia’s (2nd) (Rome) shareholders if it will add any more capital into the struggling carrier. According to this report by Reuters, Alitalia’s shareholders will vote today on a $407 million capital increase to keep the Italian carrier flying. Alitalia was thrown a lifeline on Friday to allow it to keep flying through the weekend.
Le Monde reported Air France-KLM’s conditions now include “a new strategy, a halt to route expansion and no new aircraft purchases as Alitalia addresses its debts” according to Reuters.
Air France-KLM, which own 25 percent of Alitalia’s shares are unlikely to inject any more capital as the group is going through a painful restructuring.
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Copyright Photo: TMK Photography/AirlinersGallery.com. Airbus A320-216 EI-DTH (msn 3956) taxies at Amsterdam.
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Filed under: Air France, Alitalia (2nd), KLM Royal Dutch Airlines Tagged: 3956, A320, A320-200, A320-216, Air France, Air France-KLM, Airbus, Airbus A320, Airbus A320-200, alitalia, Alitalia (2nd), AMS, Amsterdam, EI-DTH, KLM Royal Dutch Airlines
