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Alitalia: shock therapy on the provisions
Rome, Italy - Tomorrow the Board of Directors' assembly
![](https://avionews.it/resources/big/6d4122e57a8230849d9ea0b2969e7b05.jpg.webp)
EUR 649 million is the record deficit that Alitalia run up until March 31st, 2007. Trying to reduce the passive, the management has decided to use four divisions for a total of EUR 150.2 million: the major contribution, EUR 124.2 million, derives from "Convertible Bond Loan" provision; EUR 16.1 million from "Hedge accounting" provision; 9.9 million from "Available Activities for the Sale" (that coincides...
AVIONEWS - World Aeronautical Press Agency - 1075981
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency