Italy state railway considers Alitalia rescue plan delay

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Italy state railway considers Alitalia rescue plan delay
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Italy's state railway Feorrovie dello Stato (FS) said on Monday its board h...

MILAN - Italy’s state railway Feorrovie dello Stato said on Monday its board had met and looked at a possible delay to a deadline to submit a rescue plan for ailing carrier Alitalia.

FS, which has been spearheading the Alitalia rescue efforts, has until Tuesday to find investors ready to inject fresh funds and revamp the airline. Asked whether FS had already presented a request for a postponement to Tuesday’s deadline, the company declined any further comment. Alitalia also declined to comment, while Italy’s government had no immediate comment.

On Sunday, financial daily Il Sole 24 Ore cited sources saying that while the commissioners were against any further delay they could allow 7-10 days leeway to work out details.

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