Alitalia asks for €55 million to balance books

Alitalia asks for €55 million to balance books
Alitalia aims to increase its traffic outside of Italy. Bulent Kavakkoru/Flickr
Italy's troubled flag carrier Alitalia on Wednesday said it needed millions more in credit by the end of the year and expected to balance its books in 2015 and return to profit in 2016.

The company, which is quarter-owned by Air France-KLM, said it needed a loan of €55 million from its creditors and to increase its financial resources to €300 million.

Alitalia's strategic plan outlined on Wednesday included an increase in activity outside of the country, following a sharp fall in traffic within recession-stricken Italy.


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