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Gandalf files for bankruptcy

Milan, Italy - Following failure to reach agreement with investors

The regional carrier Gandalf files for bankruptcy today. The airline based in Orio al Serio, founded in 1999, already announced last September the risk of liquidation if no new investors had intervened. Today, following the failure of talks with potential investors, including Air One and the German Cirrus, Gandalf gave up and said in a note: "The company had for a long time been working at a reduced...

AVIONEWS - World Aeronautical Press Agency - 58708
Rome, Italy, 02/19/2004 14:04
AVIONEWS - World Aeronautical Press Agency

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