Alitalia management reviews industrial plan: UniCredit

Alitalia management reviews industrial plan: UniCredit
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MILAN Mon Nov 11, 2013 1:26pm EST

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Scale models of Alitalia airplanes are displayed at a shop selling models of vehicles in Rome October 31, 2013.


Credit: Reuters/Alessandro Bianchi







MILAN (Reuters) – The management of Italy’s Alitalia is reviewing the lossmaking airline’s industrial plan, the chief executive of one of its key lenders, UniCredit (CRDI.MI), said on Monday.




Speaking on the sidelines of UniCredit’s results presentation, Federico Ghizzoni said he had no indication yet of whether top shareholder Air France-KLM (AIRF.PA) would participate in a 300 million euro ($ 402.23 million) capital increase.




Shareholders have until midnight on Thursday to decide whether to participate in Alitalia’s cash call.




Alitalia said earlier on Monday that it had called a board meeting for Wednesday, but declined to comment on the agenda for the meeting or whether a revision to the company’s industrial plan would be discussed.




($ 1 = 0.7459 euros)




(Reporting by Silvia Aloisi; writing by Agnieszka Flak)





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