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ALITALIA MAY BUY STAKE IN MERIDIANA - 2003-07-14

Date: 
Monday, 2003, July 14
Location: 

Alitalia's board of directors is to discuss the possibility of acquiring a partial or controlling stake in Meridiana, the Sardinia-based airline owned by the Aga Khan, at a board meeting on Tuesday. The Aga Khan established Meridiana in 1963 with the aim of encouraging tourism on the Costa Smeralda, Sardinia's upmarket coastal area.

person_place_reference: 
H.H. Prince Karim Aga Khan IV


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AGI - ALITALIA MAY BUY STAKE IN MERIDIANA - 2003-07-14

Source: 
www.agi.it AGI Online

Tomorrow at 9.30am the Alitalian board will meet to decide on the agreement with Meridiana. The order of the day for the meeting does not give any information, but according to national newspapers, the airline managed by Francesco Mengozzi is interested in buying a significant share holding, thus assuming control of management. According to some leaks, the Aga Khan, who holds 80 pct of share capital intends to cede control of the airline only in case of sale, also spread out, of his entire share package (the remaining 20 pct is in the hands of his employees).

Alitalia may buy stake in Meridiana - ALITALIA MAY BUY STAKE IN MERIDIANA - 2003-07-14

Source: 
Financial Times

Alitalia's board of directors is to discuss the possibility of acquiring a partial or controlling stake in Meridiana, the Sardinia-based airline owned by the Aga Khan, at a board meeting on Tuesday.
Industry sources said Alitalia was interested in Meridiana because it would add 16 percentage points to the flag carrier's current 55 per cent share of the domestic market. However, they said it was not certain that the Alitalia board would take a final decision at the meeting on Tuesday.

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