The consultancy firm McKinsey will have to compensate the old Alitalia, the company in extraordinary administration, approximately 11,8 million euros for partial breach of contract. This is foreseen by a ruling issued by the majority of the arbitration board of Milan, referred to in the six-monthly report as at 30 June 2015 drawn up by the extraordinary commissioners of the former airline, Ambrosini, Brancadoro and Fiori. The Radiocor agency gives the news.
The amount of the compensation is equal to all the fees received by the consultancy firm from February to December 2006: precisely 9,846 million, less 20% of VAT, plus interest and legal expenses.
Last September, the sixth criminal section of the Court of Rome handed down four sentences for the crash of Alitalia - also citing a 50 million euro consultancy to McKinsey as an example of mismanagement - against former top management Giancarlo Cimoli (president and CEO since 2004 to 2007), Francesco Mengozzi, Gabriele Spazzadeschi and Pierluigi Ceschia, sentencing them to several years' imprisonment and 350 million in compensation in favor of the civil parties.
Among these, Alitalia was also set up in extraordinary administration, which at the same time filed a further civil liability action against Cimoli and Bruno Steve (former member of the company's executive committee): on 30 July 2015, as emerges from the half-year report , the Court of Rome sentenced the two to jointly pay the Extraordinary Commissioners almost 704 thousand euros for the "illegitimacy of the variable emolument paid" to Cimoli.
Finally, the document reports that, on the basis of an accounting report by Ernst & Young and the outcome of the receivables recovered so far, the Extraordinary Administrators have "the intention to proceed prudently with the write-down of an amount of receivables equal to 77,24 million out of a total of 86,20 million".
