Treasury OKs ITA capital increase after president quits

(ANSA) - ROME, NOV 8 - The Treasury on Tuesday approved a capital increase of 400 million euros for ITA Airways at an extraordinary assembly of the State-owned carrier's shareholders.
    Alfredo Altavilla quit as ITA's president and six board members also resigned ahead of Tuesday's meeting following friction over the process of selling the company, which replaced the loss-making Alitalia.
    Altavilla reportedly opposed a bid by US investment fund Certares, Delta Airlines and Air France-KLM and favoured one from German carrier Lufthansa and shipping group MSC.
    In August the government of ex-premier Mario Draghi announced it would start exclusive negotiations with the Certares-led bid, although there is speculation Premier Giorgia Meloni's new government could let the talks expire without entering a binding agreement. (ANSA).