Beaucaire From Syria, joined Sep 2003, 5252 posts, RR: 24 Posted (6 years 5 months 1 week 1 day 16 hours ago) and read 2054 times:
The decision will be officially announced on december 2 nd,reports the Milan Financial newspaper "Milanofinanza".
One of the reasons for the decision was the excessive cost for CAI to bail-out AZ out of Skyteam,which could have coste up to 250M €.
For those who speak Italian..
Avek00 From United States of America, joined Oct 2004, 4446 posts, RR: 20
Reply 1, posted (6 years 5 months 1 week 1 day 15 hours ago) and read 2003 times:
The bankruptcy laws should have allowed the SkyTeam obligations to remain with the Alitalia estate. Problem is, with such a rapid timeframe to relaunch, there's neither time to litigate the issue nor ability to set up an alternative alliance, so AF-KLM more or less won by default separate and apart from any consideration on the merits.