Alitalia yesterday said its net losses widened to €294m ($396m) in the first half of the year, from a loss of €201m over the same period in 2012. This news came as the board voted to increase the capital base of the airline by €100m with Air France-KLM board members understandably voting against the proposal. This additional drag is the last thing that Air France-KLM needs as it tries to get its own house in order. Alitalia is trying to make itself more appealing to a purchaser by eliminating debt. The airline has reduced its debt to €946m from €1.023bn
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