Photo: A Phoenix is said always to rise from the ashes. Alitalia, Italy’s national airline, may not be so lucky. When Alitalia nosedived into administration five years ago, it was kept airborne by the Progetto Fenice (“phoenix project”). But since 2008 the firm has piled up plenty of losses. Alitalia will need fresh capital if it is to rise again http://econ.st/V2XDNu 
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The Economist
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A Phoenix is said always to rise from the ashes. Alitalia, Italy’s national airline, may not be so lucky. When Alitalia nosedived into administration five years ago, it was kept airborne by the Progetto Fenice (“phoenix project”). But since 2008 the firm has piled up plenty of losses. Alitalia will need fresh capital if it is to rise again http://econ.st/V2XDNu 
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