An Italian oil firm has threatened to cut off fuel supplies to Alitalia unless it can reach a deal to keep its business going.
The airline is trying to raise US$136 million from its shareholders to avoid bankruptcy.
The BBC reports that the Italian oil firm ENI, which is owed 30 million euros by Alitalia, will stop supplies on Saturday unless it is reassured by Alitalia’s management and the government that the business is viable.
Shareholders, which include Air France KLM, are due to vote on a financing deal on October 15.
Alitalia was rescued from bankruptcy in 2009 by a consortium of investors. Under the deal Air France KLM took a 25% stake in the carrier.
Reports say that Italy’s civil aviation authority ENAC will meet company executives to assess whether Alitalia is a viable concern.
