Pity the traveler with a ticket on Alitalia. Pity, even more, the firm that is doing business with the airline. CNBC has a good summary of the airline’s financial woes.
What happens if the airline is shut down? At present 82% of the fleet is leased – so there’s risk on the table for some firms which might have to move assets and find new customers.
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Does a bankruptcy in Italy void the leases, or are they guaranteed by other parties ?