Kneissl: Creditors Accept Restructuring Plans

People ♦ Published: June 1, 2011; 13:52 ♦ (Vindobona)

Al Jaber has to pay € 2m into an escrow account before June 15. Otherwise, the Tyrolian company will be liquidated.

Kneissl: Creditors Accept Restructuring Plans / Picture: © MBI International & Partners

The creditors of the ski manufacturer Kneissl approved the restructuring plans presented by the company on Wednesday. According to KSV, the Austrian creditor protection association, the payment proposals of the companies Kneissl Holding GmbH, Kneissl Tirol GmbH and Kneissl Star Lounge GmbH were accepted. In order that these three plans can be implemented, majority owner Mohammed Al…