Abbott departure brings Alpha's future into question

1-Jun-2006

UK. The crisis over irregularities in Alpha Airports Group's preliminary 2005/6 results has prompted the resignation of Alpha Airports Group CEO Kevin Abbott, along with that of finance director Heather McRae

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The news, reported on RavenFox.com on May 16, comes as an investigation continues into a contract gain made by Alpha last year. Concern over the deal led auditor PricewaterhouseCoopers to

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(16-May-2006) - Alpha Airports CEO Kevin Abbott and the company's finance director Heather McRae have resigned as an investigation into irregularities in Alpha's 2005/6 results continues
(3-Jul-2006) - The parent company of Excel Airways, the airline implicated in the crisis that led to the suspension of Alpha Airport Group's shares, makes a $10m provision in Excel's financial statements
(15-Jul-2006) - UK. Alpha Airports Group CEO Peter Williams has insisted that the company has "a bright future" as it emerges from the turmoil that led to the departure of predecessor Kevin Abbott and finance director Heather McRae and caused trading in the company's shares to be suspended
(15-Sep-2006) - INTERNATIONAL. Alpha Airports Group posted a first-half sales increase of 4% compared with the same period last year