Alitalia Shareholders Deal Countdown Has Begun
Alitalia is again in news but not for such good reasons. Alitalia in the past has framed a deal with its shareholders, wherein the shareholders were asked not to sell off their shares for five years. However, with the end of this deal which is on January 12, 2013 some of its stakeholders are willing to sell of the shares.
Five years after Alitalia was saved from filing bankruptcy by a group of Italian business men and the Italian State, the airlines is once again facing fiscal slag.
At present the airlines is facing a daily loss of $832,000 due to higher fuel prices and ongoing European debt crisis.