Alitalia's minority shareholders threatens legal action unless rescue package offers them compensation

The carrier’s minority shareholders and bondholders are seeking shares, warrants or part of a proposed capital increase reserved for them. Grob Aerospace filed for insolvency on 18-Aug-08, due to recent delays in its SPn midsized jet programme, resulting in its current loan provider electing to discontinue support. Meanwhile, CEO & President of Alpha Flying’s PlaneSense fractional ownership programme, George Antoniadis, stated the company has no plans to cancel its order for 25 SPns, but would redeploy resources, including pilots, to its Pilatus PC-12 programme, if there were further delays.

This is from today's edition of Europe Airline Daily. SIGN UP now to receive this report direct to your Inbox each morning.
 

Other Alitalia News

• Alitalia extends multi-year cvontract with ITA Software
• Three new A320 Airbus for the Alitalia fleet
• IBA starts the sale process for the remaining Alitalia Assets
• Alitalia widens its international and intercontinental network with 13 new destinations operated in codeshare with Air France/KLM
• Alitalia to increase company capital reserved for industrial partners, Air France-KLM
• Alitalia and Air France-KLM launch new strategic partnership
• Alitalia - The European Commission adopts two State aid decisions
• Alitalia Extraordinary Administrator mandate to take legal action
• Alitalia - CAI to take on debts and make cash payments in return for taking ownership
• Alitalia - Website opens for creditors to submit applications