Reuters: Bankruptcy News: Alitalia risks bankruptcy if no capital increase deal -source

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Alitalia risks bankruptcy if no capital increase deal -source Oct 8th 2013, 07:52 ROME | Tue Oct 8, 2013 3:52am EDT ROME Oct 8 (Reuters) - Troubled Italian airline Alitalia risks having to file for bankruptcy if no deal on a proposed capital increase is reached in a couple of weeks, a government source said on Tuesday. Alitalia's shareholders will vote on a capital increase of at least 100 million euros ($136 million) on Oct. 14 to help keep the company afloat. "Alitalia risks filing for bankruptcy if no solution on the capital increase is found in a couple of weeks," the government source told Reuters. Alitalia needs around 500 million euros to keep going and to be able to invest in a new turnaround strategy, analysts have said, after accumulating losses of over 1 billion euros since being privatised in 2009. Air France-KLM owns a 25 percent stake in the carrier. ($1 = 0.7368 euros) (Reporting by Giselda Vagnoni,; Writing by Agnieszka Flak, editing by Danilo Masoni)

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