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Alitalia: the Court of First Instance confirms the Commission's decision on aid for the restructuring of the airline

Brussels, Belgium - The annulment of the 1997 decision

"In 1996, Alitalia adopted a restructuring plan for the period 1996 to 2000, consisting of a restructuring phase and a development phase and providing for a capital injection to be provided by its majority shareholder (the Istituto per la Ricostruzione Industriale or IRI, the Italian State finance company) totalling ITL 2 750 billion, to be paid in three instalments. After initiating a review procedure...

AVIONEWS - World Aeronautical Press Agency - 1092113

AVIONEWS - World Aeronautical Press Agency
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