Four convictions and three acquittals for the crash Alitalia as well as millionaire compensation paid by the previous directors. The first instance sentence of the court of Rome revealed the guilt of Giancarlo Cimoli, president and CEO of the company between 2004 and 2007, by Pierluigi Ceschia, former head of the Extraordinary Finance sector, by Gabriele Spazzadeschi, former central manager of the sector
Administration and Finance, and of Francesco Mengozzi, CEO of Alitalia between 2001 and 2004 and sentenced to 5 years' imprisonment.
Three, however, the people acquitted. The former officials were acquitted for not having committed the crime Giancarlo Zeni e Leopoldo Confortiand, because the fact does not constitute a crime, Gennaro Tocci, former manager of the Purchasing and Fleet Asset Management sector.
The four convicted in the first instance would have been responsible, according to the judges, for the bankruptcy of the airline, due to distraction or dissipation. Only Cimoli, who received the heaviest sentence (8 years and 8 months), would also have been guilty of two episodes of insider trading for having disseminated, between 2005 and 2006, false news capable of altering the values of the Alitalia share .
The court also sentenced the four, who in all likelihood will appeal, to millions in damages. The former directors of Alitalia, convicted of the crash of the carrier, will have to compensate the civil parties for over 355 million euros jointly. This was decided by the Court of Rome. The only Giancarlo Cimoli, former president of the company sentenced to 8 years, will have to pay out 120 million euro.
The money will have to go, among others, to Alitalia Linee Aeree Italiane, Alitalia Servizi, Alitalia Airport, Alitalia Express and Volare that is, that part of the old Alitalia that ended up in extraordinary administration (at the expense of the State) and spun off from Cai, the Italian airline acquired by the "captains brave" at the time of the Berlusconi government and now owned by Etihad.
