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Volare Group crisis (11): Board declared insolvency

Milan, Italy - A commissioner to arrive by the week, as declared Maroni

During the Volare Board of Directors the recapitalization did not have been; Board declared insolvency: thus the administrative commissioning will be the next step from Volare which would be in estimated EUR 300m debt.

AVIONEWS - World Aeronautical Press Agency - 108251
Rome, Italy, 11/23/2004 11:42
AVIONEWS - World Aeronautical Press Agency

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