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Alitalia: possible extension of the expiry of the bridge loan?
Move that could cause EU sanctions
The Italian Government is looking for a way to extend the maturity of six months to repay the 900 million euros bridge loan issued in favor of the Alitalia carrier so that it could remain operational. The expire date is December 15 but it's hard to respect, because Alitalia has just over € 600 million in cash and the forecasts for the next quarter expect new losses. The problem with the State...
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