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Alitalia asks for US bankruptcy law

The former flag carrier has invoked Chapter 15 protection

Alitalia asks for US bankruptcy law

Alitalia has also filed a request for recognition of extraordinary administration in the United States.

The former flag carrier invoked the protection of Chapter 15, a type of bankruptcy procedure relating to international insolvency cases, used by companies to facilitate restructuring processes in their own countries. Like Chapter 11, Chapter 15 also instantly blocks lawsuits and seizures of assets by creditors.

A move also made in order to avoid losing access to the JFK airport due to non-payments.

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