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Alitalia (2): Air France-KLM will not participate to recapitalization

Paris, France - The Italian carrier, first and foremost, will have to prove higher financial soundness

Air France-KLM owns a 2% Alitalia’s stake currently and the French carrier’s leader, Jean-Cyril Spinetta, is a member of ther Italian national airline’s Board of Directors. The present positive situation at an European level found by Cimoli-led airline, however, would not have led its partner to opt for a participation to the recapitalization scheduled in the business plan 2005-2008. According to Sp...

AVIONEWS - World Aeronautical Press Agency - 119158
Rome, Italy, 04/22/2005 12:14
AVIONEWS - World Aeronautical Press Agency

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