Italian flag carrier Alitalia has filed for Chapter 15 bankruptcy protection in the US, in an effort to keep its leased terminal gates at New York’s John F. Kennedy International Airport (JFK). The temporary relief will allow Alitalia to continue U.S. operations. Chapter 15 allows foreign companies protection under the U.S. Bankruptcy Code as they undergo insolvency proceedings in their own country. It guarantees a temporary restraining order until June 23, offering a short period of ...

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