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Alitalia reaches the end of its financial runway

Italy's debt ridden national airline, Alitalia, will be grounded permanently this week and replaced by a new carrier, ITA, which has the state as one of its shareholders.

Patrick Edmond, the managing director of Altair Advisory, an aviation strategy consultancy firm, tells the ÃÛÑ¿´«Ã½'s Russell Padmore about Alitalia's troubled financial history.

(Picture: An Alitalia aircraft. Getty Images.)

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4 minutes