Struggling carrier Alitalia has been granted a €400 million funds by Italy in a bid to rescue the airline from financial collapse – which it has flirted with for many years. A political source has told Reuters that Alitalia is expected to run out of money by the end of the year, with 11,600 jobs at risk if the carrier does suffer financial demise. The loan is pending the approval of the European Commission (EC). Alitalia is crucial to Italy’s tourism industry, which accounts for 13% of the country’s Gross Domestic Product (GDP), according to data presented by The Italian

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