Alitalia Going Bankrupt

According to news reports, Italian flagship carrier Alitalia appears to be on the verge of bankruptcy, its workers having rejected a government-brokered agreement that would have released 2 billion euros in investments from its managing shareholder, Etihad, plus a group of Italian businesses. The carrier will now receive a government bridge loan valued at between $326 million and $435 million to keep it operational for the next six months while under receivership.

When booking services with financially distressed suppliers, you should pay by credit card. Under the Fair Credit Billing Act, credit card customers have certain rights to refuse to pay charges for services which ultimately are not rendered, whether due to a supplier’s bankruptcy or otherwise. 

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