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27 February 2020 The on-line newspaper devoted to the world of transports 09:11 GMT+1



February 11, 2020

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Original news
Air Italy will be placed in liquidation

Qatar Airways: We were ready to do our part to support the growth of the airline

Air Italy will be placed in liquidation. Shareholders of the airline - Alisarda and Qatar Airways through AQA Holding - gathered in the assembly they deliberated the liquidation in bonis of the companies and have announced that, with the aim of minimising discomfort for passengers holding Air Italy tickets, from 11 to 25 February, all Air Italy flights will be operated by other carriers at the times and days already scheduled and that all passengers who have booked flights departing or arrival on dates after February 25 will be re-routed or re-routed fully refunded.

In a note Qatar Airways, which holds 49% of the capital of Air Italy, disagreed with the decision assembly. "Since the acquisition on 28 September 2017, of minority stake in Air Italy - reads the Qatari airline's communication - Qatar Airways firmly believed in society and its potential, supporting the management's proposed business plan in order to promoting the growth of Air Italy and creating jobs, with addition of air routes and numerous improvements to air board, in line with Qatar Airways' high standards globally recognized. Despite our role as a minority shareholder, Qatar Airways has since constantly provided all possible support to Air Italy, from the release of aircraft in our fleet and from ordering new aircraft for Air Italy to support management choices capital and investment provision, as requested and allowed.'

"Even in the context of the changing competitive and increasingly difficult market conditions air transport sector - continues the note of the Middle Eastern airline - Qatar Airways has continually reiterated its his commitment, as a minority shareholder, to continue to invest company to create value for Italy and for travellers and travellers to provide support to Air Italy and its staff, because For Qatar Airways, the focus on employees is a a key priority in its quest for excellence, in addition to supporting local communities and other parties Interested. For this reason, Qatar Airways was again ready to do its part to support the growth of the airline, but - concludes the note - this would have been possible only with commitment of all shareholders."

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