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Alitalia has enough funds to support operations in 2009 and 2010

24-Sep-2009 12:03 PM

Alitalia CEO, Rocco Sabelli, told a hearing of the Italian Transport Committee of the Lower House, that the carrier has enough funds to support its operations in 2009 and 2010 (Dow Jones, 23-Sep-2009). Chairman, Roberto Colaninno, added that the worst is over for Alitalia, but acknowledged that the carrier still has a lot of work to do to bring the airline back to good health.

Alitalia: "We have the money for 2009 and 2010. We do not need fresh capital...This is not on the agenda today,” Rocco Sabelli, CEO. Source: Dow Jones, 23-Sep-2009.

Alitalia: "Alitalia has been stabilised. It has moved from the recovery room to another room where it will complete its rehabilitation,” Roberto Colaninno, Chairman. Source: Dow Jones, 23-Sep-2009.