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Air France-KLM considers Alitalia too indebted-source

(Credit: Reuters) This Reuters photo shows an Alitalia plane passing an Air France plane on the tarmac of the Charles de Gaulles International Airport. Air France-KLM and Alitalia Planes
November 12
12:27 PM 2013

Air France-KLM considers Alitalia to have too much debt, and the likelihood of the Franco-Dutch airline taking part in a capital increase at the Italian carrier is "very low", a source close to the matter told Reuters on Tuesday.

Air France-KLM considers that an industrial plan for the loss-making airline including about 2,000 job cuts is a step in the right direction but sees Alitalia's target to break even in 2014 at the operating level as unrealistic, the source said on condition of anonymity. 

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