13-Aug-2012 4:14 PM

Wind Jet suspends operations

Wind Jet suspended (12-Aug-2012) operations on 12-Aug-2012 after takeover negotiations with Alitalia failed. Wind Jet reportedly failed to turn over financial data to Alitalia, with Alitalia stating on 12-Aug-2012, “following today’s declarations by Wind Jet’s CEO, which clearly reveal Wind Jet’s intention not to abide by the conditions set forth in the agreements signed on 2 and 3 August 2012, Alitalia informs that talks with Wind Jet for its takeover have come to an end.” [more - original PR - Italian]

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