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Stock Market & Financial Investment News

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November 29, 2013
05:55 EDTAFLYYAlitalia fails to raise enough emergency cash, Reuters reports
Alitalia hasn't raised all of the $407M it was seeking in an emergency cash call, adding more pressure to the Italian airline as it seeks a strategic investor to keep it flying, reports Reuters. Top shareholder Air France-KLM, with a 25% stake, refused to take up its share of the cash call, but it has so far been seen as the most suitable carrier to come to Alitalia's rescue.Reference Link
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