ROME, July 24 The board of Italy's flagship
airline Alitalia will propose to shareholders a capital increase
of as much as 250 million euros ($336.68 million), a source with
knowledge of document said on Thursday after a meeting of the
"The board prepared a document for the shareholders meeting
in which they are asked to approve a capital increase of 200 to
250 million euros," the source said.
Alitalia shareholders are to meet on Friday. Abu Dhabi's
state-owned Etihad Airways has plans to buy a 49-percent-stake
in the loss-making airline if it can meet certain conditions.
The share issue, which sources said on Monday would be worth
200 million euros, is intended to cover any losses Alitalia is
likely to make before a deal with Etihad is finalised, and to
pay for any past liabilities.
($1 = 0.7426 Euros)
(Reporting by Alberto Sisto, writing by Steve Scherer)