State cash injection for Alitata

<p>Alitalia is set to get a cash injection from the state.</p>

The Italian postal service is set to give an injection of funding to struggling airline Alitalia.

With the carrier believed to be on the brink of bankruptcy unless its situation improves fast, Poste SpA has agreed to help out.

However, it has not been announced how much the postal service will be putting in to the airline, which is thought to need to raise 455 million euros (£385.2 million) if it is to stay afloat.

The office of the Italian Prime Minister Enrico Letta said yesterday (October 10th): "The government values Alitalia as a strategic asset for the country."

Financial difficulties have been ongoing for Alitalia for some time and the company filed for bankruptcy in August as a result of its problems.

The board of directors of Alitalia – Compagnia Aerea Italiana SpA, which is chaired by Roberto Colaninno, met yesterday in Rome to discuss the future of the airline.

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