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Article: AOM/Air Liberte sceptical about new offer from AITI.
- Article from:
- Airline Industry Information
- Article date:
- June 4, 2001
CopyrightCOPYRIGHT 2001 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AIRLINE INDUSTRY INFORMATION-(C)1997-2001 M2 COMMUNICATIONS LTD
AITI, a consulting company based in the UK, has apparently offered USD430m to purchase the ailing French airline group AOM/Air Liberte.
AITI announced on 31 May that it had notified Air Liberte chairman Marc Rochet about the proposal on 18 May and stated that it would be meeting with representatives of the airlines' employee committee 'within the coming days', according to The Associated Press.
AOM/Air Liberte is majority-owned by Swissair Group and Marine-Wendel SA, which have only promised funding for the carriers through June.
The offer from AITI has been received ...