Agence France-PresseNovember 13, 2013 10:18
Embattled Italian airline Alitalia may push back the deadline for subscription to a capital increase to buy time for negotiations with its major shareholder Air France-KLM, a source said Wednesday.
The company's board, meeting later Wednesday, is expected to push back the deadline originally set for Thursday by up to 10 days "to have more time", a source close to the company said. Alitalia was not available for comment.
The board will meet at 1800 GMT to examine a new strategic plan which could include some 2,000 job cuts.