Alitalia has €232 million in cash as nationalisation looms

ROME (Reuters) - Alitalia had 232 million euros (£210 million) in its coffers on May 31, Italian industry minister Stefano Patuanelli said on Tuesday, as the government prepares to take over an airline that has burned through cash in the COVID-19 pandemic.The nationalisation of the loss-making business comes after 11 troubled years of private management and three failed restructuring attempts.The government injected 400 million euros into Alitalia at the beginning of this year, after granting a..