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Alitalia: 200 million losses per quarter lengthen the receivership

The loss of 200 million in the first three months is at the basis of the increase in the government loan to 600 million and is the litmus test that the company's receivership will last not six but nine months, i.e. until after the 2018 general elections.

Today it became known that Alitalia's loss in the first quarter was 200 million. It is the litmus test of what is claimed in a previous article published last week on FIRSTonline. 

We recall that the government had announced a loan of 400 million to give six months (200 million per quarter) to the commissioners to present the programme. Then, the loan had risen to 600 million (one and a half times) and an extension to nine months (one and a half times) was foreshadowed.

Today's news explains that: the flow of 200 million per quarter has an economic, non-financial origin; since there are no more shareholders and the credit tap being closed, the economic loss translates into financial needs; shrewd people of Alitalia such as Gubitosi and Laghi will have informed the government before the commissioner; the government has calculated that it takes at least nine months to override the 2018 elections and that 200 for three quarters is 600; therefore he increased the loan, which is a refund at the bottom of the list.

The strangest thing is this: the government has not reduced this amount from the proceeds of all the micro-disposals of secondary assets that the commissioners will busily carry out. I wonder why.

*riccardo.gallo@uniroma1.it

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