channelnewsasia.com - Alitalia creditor's staff protest in Rome
   
 
  blogs  
 
yournews
   
   
Video Finance Lifestyle Travel Weather Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
Business News

 
 

Alitalia creditor's staff protest in Rome
Posted: 22 November 2008 0429 hrs

 
 
Photos  of

   
 


ROME : Around 100 employees of Alitalia's creditors protested Friday at Fiumicino airport in Rome over the Italian flag carrier's unpaid debts, Telenews agency reported.

Calling themselves the "silent victims" of the failing airline, they hoisted banners saying: "We get no redundancy benefits, we are only suppliers" and "We worked for Alitalia. Now we want to be paid."

On Thursday, Augusto Fantozzi, Alitalia's bankruptcy commissioner, said the airline currently owes 3.2 billion euros (four billion dollars).

The Italian government on Wednesday gave the go-ahead for Alitalia, which was on the verge of bankruptcy, to be sold to a group of investors for 1.052 billion euros.

The assets will be sold to the Italian Air Company (CAI), an investor group set up in an emergency move in August to relaunch the national airline.

While outstanding debts will be paid off once unwanted assets are sold off, Fantozzi has stated that the amount raised will not be enough to pay all creditors.

- AFP /ls

 

 



Other business News
AXA Asia Pacific rejects US$10.13b takeover offer
Britain's Brown urges debate on banking reform
China hopes US keeps budget deficit to 'appropriate size'
APEC senior officials discuss findings of trade finance survey
APEC officials discuss ways to make economic growth more inclusive
India PM invites world to invest in economy under reform
Japan Airlines' executives to forgo pay in December
Is the Dollar Dying a Slow Death?
Allianz reports 1.32 billion euros in Q3 profit
Asian nations bear brunt of dollar slump
GE, Comcast agree on valuing NBC Universal
China to give Africa US$10 billion in loans
Australia Treasurer says stimulus needed for nation's recovery
Taiwan, China expected to sign financial agreement

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions