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Alitalia: Air France to take part in Italian carrier's recapitalization

Paris, France - Jean Cyril Spinetta revealed it during a press conference for Air France release of second quarter results

"Air France-KLM will subscribe to the capital increase launched by the Italian airline by an EUR 20m investment and will not go above 2%. AF-KLM total partecipation in Alitalia, after increase, will be around EUR 37m. Alitalia has an ambitious restructuring plan and its capital increase is riding high thanks to underwriting by Deutsche Bank and Banca Intesa. I informed Alitalia’s Board of Directors y...

AVIONEWS - World Aeronautical Press Agency - 131580
Rome, Italy, 11/23/2005 14:00
AVIONEWS - World Aeronautical Press Agency

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