Italy industry minister says Alitalia had 232 million euros of liquidity as of May 31

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“As of May 31 the company had 232 million in liquidity… revenues between January and May amounted to 505 million,” Patuanelli told a parliamentary hearing.

Rome’s government is preparing to retake control of the loss-making Alitalia after 11 years of difficult private management and three failed restructuring attempts.