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Alitalia (3): the go-ahead by European Commission to the relaunch plan by CAI

Rome, Italy - The bridge-loan has been confirmed as illegal

The European Commission has given the green light to an Italian bailout of national carrier Alitalia, but has demanded a 300 million euro loan the airline received from the state must be paid back. Alitalia's takeover by the CAI investor group and relaunch is contingent on the rescue winning EU approval. The obligation to pay back the loan would be tied to Alitalia's assets not included in CAI's...

AVIONEWS - World Aeronautical Press Agency - 1096490
Rome, Italy, 11/12/2008 11:57
AVIONEWS - World Aeronautical Press Agency

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