Eni SpA (E) may stop supplying fuel to airline Alitalia SpA (AF.FR) by Saturday unless news emerges of a turnaround for the unprofitable carrier, writes daily Corriere della Sera Tuesday, citing the head of the Italian oil company.
Eni SpA (E) may stop supplying fuel to airline Alitalia SpA (AF.FR) by
Saturday unless news emerges of a turnaround for the unprofitable carrier,
writes daily Corriere della Sera Tuesday, citing the head of the Italian oil
company.
"But if the company [Alitalia] isn't capable of receiving even the support
of its shareholders, we can't keep it alive with fuel," the newspaper
quotes Paolo Scaroni, Eni's chief executive, as saying in
New
York
.
The Rome-based airline's shareholders are due to meet on Oct. 14 to vote on a
proposal for a capital increase of at least 100 million euros ($136 million)
and an additional EUR55 million in funding.
Alitalia owes Eni an "important" amount for fuel, the paper cites Mr.
Scaroni as saying.
The Italian government is currently trying to find an urgent solution for
Alitalia. Air France-KLM (AF.FR) has about a 25% stake in Alitalia.
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