March 16, 2020 / 12:58 PM / 15 days ago

Italian government to take control of Alitalia - draft decree

ROME, March 16 (Reuters) - The Italian government plans to take control of Alitalia, a draft decree seen by Reuters showed on Monday, as the loss-making carrier risks going belly up due to the impact of the coronavirus outbreak.

The government has earmarked 600 million euros ($670 million) to keep the airline afloat, the draft decree also showed.

On Sunday a source with knowledge of the matter told Reuters Alitalia had nearly run out of cash despite having received 400 million euros from the government at the beginning of this year. ($1 = 0.8960 euros) (Reporting by Giuseppe Fonte; writing by Francesca Landini)

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