News Listings for National Jet Italia

  • ANALYSIS: Why would Etihad want to invest in Alitalia?

    News | 04 Feb 2014 12:15 | Graham Dunn

    As Etihad Airways draws closer to investing in Alitalia, much of the attention is on why the Gulf carrier might want to buy into an airline that has continued to lose money despite numerous interventions in the past.
  • ANALYSIS: Italian airline consolidation enters end-game

    News | 02 Feb 2012 15:53 | Graham Dunn

    Alitalia's planned acquisition of local carriers Wind Jet and Blue Panorama, together with Meridiana Fly's previously announced merger with Air Italy, caps...
  • Entrepreneur Seymour takes over Euromanx

    News | 13 Sep 2004 11:44 | Victoria Moores

    <body lang=EN-GB style='tab-interval:36.0pt'> <div class=Section1> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><st1:country-region><st1:place>Isle of Man-based regional carrier <span class=spelle>Euromanx</span> has been acquired by a group of private investors headed by aviation entrepreneur Warren Seymour, presently the chief of executive jet operator Club328.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span class=spelle>Euromanx</span> was fully-owned by founder Alan Keen and his wife but was taken over by Seymour and a team of private investors for an undisclosed sum on 9 September.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>The airline, which was established just over two years ago, offers regional links between the <st1:place>Isle of Man</st1:place> and <st1:City><st1:place>Dublin</st1:place></st1:City>, <st1:City><st1:place>Glasgow</st1:place></s
  • BAE in NJI dispute

    News | 01 Dec 2002 00:00

    <p>Aerospace and defence group BAE Systems has been accused of conspiracy to defraud in a case in London's High Court. ABM Venture Capital of Italy is suing BAE and others for the recovery of losses related to the collapse of regional start-up National Jet Italia (NJI) last year. BAE supplied its 146 regional jets to NJI on a lease-back basis.</p>
  • BAE briefs defence against fraud charge

    News | 05 Nov 2002 00:00

    <p>BAE Systems is preparing to defend itself against accusations of conspiracy to defraud an Italian investor group of £6 million ($9.3 million) over its involvement with collapsed British Airways franchise operator National Jet Italia. </p> <p>In a claim lodged with the High Court in London, Italian finance house ABM alleges that BAE and Aviation Partners Worldwide (APW, formerly Tolmount), the latter owned by the late Peter Sutch, former Cathay Pacific chief executive, conspired to mislead it over APW's acquisition in July 2001 of National Jet Italia. </p> <p>Both defendants have said they will oppose the charges, but have declined to comment any further.</p> <p>ABM says that it agreed to invest £6 million in APW to give it the cash to buy National Jet Italia, but only if another investor was found to provide another £7 million. BAE, it alleges, put up this money, but only on the basis that it would receive the money back from National Jet Italia after the takeover, as a deposit o
  • Italian investor alleges BAE fraud over failed carrier NJI

    News | 29 Oct 2002 17:39 | David Kaminski-Morrow

    <body lang=EN-US style='tab-interval:.5in'> <div class=Section1> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span lang=EN-GB style='mso-ansi-language:EN-GB'>Italian venture capitalists are suing BAE Systems after accusing the manufacturer of conspiring to defraud them of £6 million ($9.3 million) through an alleged elaborate plan centred on investment in now-defunct British Airways franchise carrier National Jet Italia (NJI).<o:p></o:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><u1:p></u1:p><span lang=EN-GB style='mso-ansi-language:EN-GB'>In a writ, the Italian finance house ABM Venture Capital alleges that BAE hatched the plot with UK company Tolmount – now known as Aviation Partners Worldwide (APW) – after Tolmount agreed to take over NJI in the summer of 2001.<o:p></o:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><u1:p></u1:p><span l