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Barely flying and nowhere to land

11 October 2013 By Neil Unmack, Olaf Storbeck

The Italian airline-cum-financial black hole may be rescued with a little help from the state’s postal service. It marks a reversal from Silvio Berlusconi’s messy private-sector fix of 2008, but the aim is similar: indulge national sensibilities, avoid restructuring and buy time.

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