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Alitalia: "Recapitalization will occur by the end of the year"

Brussels, Belgium - Jacques Barrot, EU commission's Vice-President said

"Alitalia’s CEO, Giancarlo Cimoli, intends to complete Alitalia’s recapitalization within the end of this year according to the plan with European Commission. We had imposed the end-of-year recapitalization deadline condition to grant Alitalia state aids. We have receive Cimoli’s information according to which recapitalization seems to have been started and Alitalia’s CEO has good hopes to complet...

AVIONEWS - World Aeronautical Press Agency - 131107
Rome, Italy, 11/16/2005 12:31
AVIONEWS - World Aeronautical Press Agency

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