Alitalia’s Largest Shareholder, Air France-KLM, Will Not Contribute To Recapitalization Plan

Alitalia’s future looks even more uncertain now that its largest shareholder, Air France-KLM, has decided not to take part in the proposed €300 million ($402 million) capital increase at the embattled Italian airline. Air France-KLM in a Nov. 14 statement says that while it will not subscribe to the...

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