Italy will not pour more taxpayer money into Alitalia: minister

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Italy will not pump more public money into Alitalia, Industry Minister Stefano P...

FILE PHOTO: An Alitalia airplane is seen before take off from the Leonardo da Vinci-Fiumicino Airport in Rome, Italy, June 21, 2018. REUTERS/Stefano Rellandini/File Photo

Alitalia, which is losing 2 million euros a day, was put under a new temporary administrator this month after a consortium of potential rescuers backed out. “This is really the last state intervention for Alitalia,” Patuanelli said adding that either a buyer was found by mid 2020 or the company “would shut down”.

Source: News Formal (newsformal.com)

 

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Why the hell are taxpayers responsible for some idiot management incompetence!? Good for Italy, let the executives answer for there stupidity.

...Said everyone for the past 30 years

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