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E 'break with Air France for the acquisition of Alitalia. After the company's no counter to the French made the afternoon of Wednesday 'by the unions, the president and the' Alitalia Maurizio Prato resigned. For ¬ Ã ¨ Thursday convened a meeting of the board Alitalia for "appropriate and necessary determinations." This was announced in the evening a note circulated by the same company which states that "it is the deadline for fulfillment of the conditions of the contract concluded with Air France-Klm signed March 15," contract "is therefore less." Italian Stock Exchange, meanwhile, decided to suspend the license from negotiations with a view to reopening on Thursday.
The regret for Spinetta
The chairman of Air France-KLM, Jean-Cyril Spinetta, in a note he expressed his regret at the outcome of the case. "I note with regret the breakdown of negotiations that does not depend on us," he said in a note. 'It is a project in which I deeply - he added - and in which I continue to believe, because it would permit all' Alitalia to quickly find the way to profitable growth. "
Padoa-Schioppa: "Now police station." At this point opens the way for the Commissioner: it says Tommaso Padoa-Schioppa, that Air France was the only card to play "Why even with only a closure of the negotiations in progress on the Government puà ² grant a bridging loan." The Minister of 'Economics reiterated that Alitalia There's no alternative, and "is not" a sale to private. The Treasury announced in Prato "its willingness to grant a bridging loan to the company, compared to the 'reality of a real prospect of economic recovery and industry is provided, in other words, it is the last condition for the effectiveness of 'agreement between Alitalia and Air France-KLM. "
Tags: Air France, Alitalia, the Italian stock market, Dell, bankruptcy, Italy, Jean Cyril Spinetta, unions, USA
One Response
Business Plan
April 22nd, 2008 at 8:08 am
1I think the title of Alitalia was suspended two years ago. This will have burned cash which could be used to address the crisis now and in the meantime could continue negotiations with more quiet
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