Kneissl: Insolvency Seems Inevitable

People ♦ Published: January 3, 2011; 20:07 ♦ (Vindobona)

The traditional Austrian ski producer Kneissl, owned by the Arab investor Al Jaber, did not pay its mature liabilities for months.

Kneissl: Insolvency Seems Inevitable / Picture: © MBI International & Partners

The company lets the creditors know that the CEO, Andreas Gebauer, is currently not available due to a stay abroad. Creditors of the ski manufacturer already have to wait for their money for months.

By the end of November, Andreas Gebauer still tried to calm down his suppliers. According to Gebauer, Kneissl should be a really an important thing for the company owner Al Jaber. The…