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Alitalia inches closer to relaunch in Italy

Alitalia inches closer to relaunch in Italy

The Italian government has signed paperwork creating a new aviation company, beginning the restructuring of Alitalia. The move comes as part of wider €3 billion recapitalisation of the airline.

Cebu Air seeks US$500m in fresh capital

Cebu Air seeks US$500m in fresh capital

The Philippines-based carrier has confirmed plans to raise up to US$500 million in additional capital to strengthen its balance sheet as it seeks to recover from the impact of Covid-19.