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Alitalia says receives 300 mln euro bridge loan

Mon May 5, 2008 12:52pm EDT
 
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ROME, May 5 (Reuters) - Italy's loss-making airline Alitalia (AZPIa.MI: Quote, Profile, Research, Stock Buzz) said on Monday it had received a 300 million-euro bridge loan given by the outgoing centre-left government to keep it flying until a new buyer is found.

The European Union, which allows state aid to airlines only under strict conditions, has expressed doubts over the emergency loan.

(Reporting by Alberto Sisto)

 

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