4-18-08

Italy govt preparing 100 mln to 150 mln euro credit line for Alitalia - report

MILAN (Thomson Financial) - The Italian government is drawing up a decree to grant Alitalia SpA (News) a credit line worth between 100 million and 150 million euros to help it continue operations, daily Il Sole 24 Ore said without citing sources.

The decree, which will be supported by the incoming government of Silvio Berlusconi, is aimed at allowing Alitalia to avoid being placed in administration until the new centre-right government is installed, the paper said.

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