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Alitalia to issue € 375 ml bond with a five-year maturity

Rome, Italy - The placement is intended for qualified institutional investors

Alitalia - SAI SpA will issue a senior unsecured bond for a total nominal amount of 375 million euros. The bond, not subject to rating, will be fully underwritten by Morgan Stanley in its role as Sole Underwriter. The bond will be issued with notes denomination of € 100,000, a term of five years and a fixed annual coupon of 5.25%. The issue date of the bond has been set for 30 July 2015. On or abo...

cla/mos - 1169481

AVIONEWS - World Aeronautical Press Agency

Press releasePlanes. CJ EU: the unruly behaviour of an air passenger may constitute an "extraordinary circumstance"

Capable of exempting the carrier from its obligation to pay compensation for the cancellation or long delay of the flight

Nevertheless, the airline must, in respect of the reasonable measures that it must adopt in order to release itself from its obligation to pay compensation, ensure the re-routing of passengers as soon as possible, by means of other direct or indirect flights which may be operated by other carriers more