• Italy is seeking to attract Emiratis to invest in troubled flight company

    20/11/2013



     
    162 million euro losses in 9 months

    Italy is seeking to attract Emiratis to invest in troubled flight company



     





    Senior Adviser, detection of the Italian Prime Minister Enrico letta said yesterday that he talked to sovereign wealth funds from UAE on a possible investment in the troubled airline Alitalia. According to Reuters, said Fabrizio Pagani luleta: Economic Adviser that Alitalia appears to be looking for a partner outside Europe following the decision of Air France-KLM or not to participate in the capital increase. He visited the UAE to discuss the situation with sovereign wealth funds. He continued: ' we talked about investments in the broadest sense. The Italian media reported that the airline is likely to be supportive of a foreign substitute lalitalia, but the company, based in Abu Dhabi declined to comment. But informed sources said that the ' Union ' has no desire to invest in the Italian carrier.

    The ' Alitalia ' reported on 31 December that she only got to 205 million Euros, including the contribution of capital increase worth 75 million Euros of Italian Government post in criticism. Alitalia recorded pre-tax losses of 164 million Euros in the first nine months of the year compared with a loss of smaller value of 119 million Euros in the same period last year.
     

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