There is a growing concern for the state of the Italian airline company Alitalia, as the business venture to sell the airline continues to be plagued with delays.

The last prospective buyer was Air France-KLM, but the deal fell through and Air France-KLM withdrew its offer.

The Italian airline company has been trying to find a prospective buyer for at least a month and a half, and time is running out.

In order to avoid financial ruin, at least one billion dollars must be obtained by Alitalia by the month of June.

Just as it continues to operate, the company is losing more and more money until a buyer can be found. Analysts are predicting that they are losing at least one million a day as they continue.

At the moment trading stock in the company has been put on hold after the chairman of the airline tendered his resignation.

Tags: European Union News //