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Alitalia: shock therapy on the provisions
Rome, Italy - Tomorrow the Board of Directors' assembly
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