Alitalia’s financial woes have yet to impact the 10 or so bond offerings backed in part by aircraft the carrier has leased, but Kroll Bond Rating Agency is closely monitoring the situation.

The latest crisis came last week after workers voted against a turnaround plan that would have slashed costs by more than $1 billion while trimming about 1,000 jobs. Alitalia's management said the cuts were needed to stay solvent, and the company followed the move by declaring a form of bankruptcy (again) on Tuesday. 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.