Italy railway group says board examined topic of Alitalia rescue plan delay

MILAN: Italy state railway operator group Ferrovie dello Stato (FS) said on Monday its board had met and looked into the idea of a possible delay to the deadline to submit a rescue plan for struggling carrier Alitalia.

Alitalia, which has been under special administration since 2017, when workers rejected the latest in a long line of rescue plans, needs to find investors ready to inject fresh funds by Tuesday, April 30.

Both FS and US carrier Delta Air Lines are ready to contribute to a new rescue bid worth around 1 billion euros ($1.12 billion), but there is still a shortfall of around 400 million euros.