Alitalia saved by the Government and reborn as ITA

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ezis_bis
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Re: Alitalia near bankruptcy. Can it be saved?

Post by ezis_bis »

lumumba wrote: 11 Nov 2018, 13:51 Yes it is it's linked to Alitalia....
If the country go bankrupt they have no dept anymore it's over,sure thay will have to adapt there economy to somthing else out of the euro and a more natinal one but without debt there economy will flourish.
They even could be example of a new way what has to be the Greek way but they did not do it why nobody nows!
A country can default and negotiate with its creditors, but the debt remains.
Look at Argentina.
The tricky part after that, is they will depend on the IMF if they need loans, as they can't find anyone to found them anymore

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lumumba
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Re: Alitalia near bankruptcy. Can it be saved?

Post by lumumba »

ezis_bis wrote: 11 Nov 2018, 13:55
lumumba wrote: 11 Nov 2018, 13:51 Yes it is it's linked to Alitalia....
If the country go bankrupt they have no dept anymore it's over,sure thay will have to adapt there economy to somthing else out of the euro and a more natinal one but without debt there economy will flourish.
They even could be example of a new way what has to be the Greek way but they did not do it why nobody nows!
A country can default and negotiate with its creditors, but the debt remains.
Look at Argentina.
The tricky part after that, is they will depend on the IMF if they need loans, as they can't find anyone to found them anymore
That's one possibility but Italy is a strong industrial country with a big touristic industry Europeans will always go there you can not compare Argentina with Italy they can continue in a other system.
And if they go bankrupt It's finished with the debt like every company....

Also think if it happens it will bring all this f...ing ultra liberal system down.
Hasta la victoria siempre.

Passenger
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Re: Alitalia near bankruptcy. Can it be saved?

Post by Passenger »

lumumba wrote: 11 Nov 2018, 13:59 Also think if it happens it will bring all this f...ing ultra liberal system down.
The financiel problems in Italy are not caused by a "f...ing ultra liberal system", but by the previous governments, who all failed to do what had to be done. But if you want to go on with this f...ing political posts, please do that where it belongs = this forum:
viewforum.php?f=12

Back on topic: it's just a matter of time before the European Commission publishes it's decision on the state aid for Alitalia:
http://ec.europa.eu/competition/elojade ... 3_SA_48171
Untill that decision is known, no private partner will "invest" in Alitalia. And any new funding by Italy, via their railway company, will be added to the above EC case.

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lumumba
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Re: Alitalia near bankruptcy. Can it be saved?

Post by lumumba »

Passenger wrote: 11 Nov 2018, 14:53
lumumba wrote: 11 Nov 2018, 13:59 Also think if it happens it will bring all this f...ing ultra liberal system down.
The financiel problems in Italy are not caused by a "f...ing ultra liberal system", but by the previous governments, who all failed to do what had to be done. But if you want to go on with this f...ing political posts, please do that where it belongs = this forum:
viewforum.php?f=12

Back on topic: it's just a matter of time before the European Commission publishes it's decision on the state aid for Alitalia:
http://ec.europa.eu/competition/elojade ... 3_SA_48171
Untill that decision is known, no private partner will "invest" in Alitalia. And any new funding by Italy, via their railway company, will be added to the above EC case.
I'm not agree but it's good one :D :D :D
Hasta la victoria siempre.

Boeing767copilot
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Re: Alitalia near bankruptcy. Can it be saved?

Post by Boeing767copilot »

The leaders of the carrier Alitalia and the unions met -last Friday- at the Italian Ministry of Economic Development, in a meeting in which -as reported by the "Corriere della Sera"- the economic performance of the company was presented, confirming that the revenues are in increase as well as passengers even if at the same time continues to operate at a loss of about 1.5 million euros per day. An impressive number that shows how the approximately 18 months of supervised administration, even though they allowed Alitalia to stay alive, did not lead to a return to the carrier's viability.

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Re: Alitalia near bankruptcy. Can it be saved?

Post by sn26567 »

You can now fly the Italian Railways:

Alitalia commissioners accept Ferrovie dello Stato purchase offer

The state-appointed commissioners running Alitalia have accepted a binding purchase offer for the national carrier by the Ferrovie dello Stato (FS) state railway company.

Italy's flagship airline was put under special administration last year after workers rejected its latest rescue plan, leaving the government once again seeking a buyer to save the ailing company.

The commissioners accepted the offer from FS after consultation with the industry ministry.

(Reuters, via Euronews)
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convair
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Re: Alitalia near bankruptcy. Can it be saved?

Post by convair »

The easy one: will FS put Alitalia back on the right tracks? 8-)

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Re: Alitalia near bankruptcy. Can it be saved?

Post by jan_olieslagers »

:) a beautiful game of the word! Apart from that, it is a shrewd wink of the eye, and only too true, one must fear.

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Re: Alitalia near bankruptcy. Can it be saved?

Post by sn26567 »

Ferrovie dello Stato plans to create a new, 100% owned company following a successful bid to take over Alitalia (Italy). The State railway company to take on investment partners Delta Air Lines and easyJet to join, in addition to two other investment funds. Over €2 billion will be injected over the coming four years, with approximately €1.5 billion in fresh resources, and an additional €500 million – a sum equivalent to half of the Italian carrier’s bridge loan – converted into the company’s capital.

If that is not State aid (Ferrovie dello Stato is a state-owned company), I don't know how to call it. The ball is now in the hands of the European Commission!
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Re: Alitalia near bankruptcy. Can it be saved?

Post by Passenger »

ANSA: "...La proroga del prestito ponte per Alitalia finisce nel decreto "in materia di semplificazione e sostegno allo sviluppo" atteso al prossimo consiglio dei ministri. E' quanto emerge da una bozza del dl. Il prestito era in scadenza il 15 dicembre. La nuova data di restituzione è fissata "entro 30 giorni dall'intervenuta efficacia della cessione dei complessi aziendali" e comunque "non oltre il termine del 30 giugno 2019"...

http://www.ansa.it/sito/notizie/economi ... dc783.html

Google Translate: "...The extension of the bridging loan for Alitalia ends in the decree "on simplification and development support" expected at the next Council of Ministers. This is what emerges from a draft of the dl. The loan was due on December 15th. The new repayment date is set "within 30 days of the effective effectiveness of the sale of the business complexes" and in any case "no later than the deadline of 30 June 2019"...

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Re: Alitalia near bankruptcy. Can it be saved?

Post by convair »

I hope the saga goes on. There's never a dull moment! ;)

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Re: Alitalia near bankruptcy. Can it be saved?

Post by sn26567 »

convair wrote: 04 Dec 2018, 14:44 I hope the saga goes on. There's never a dull moment! ;)
Never a dull moment indeed. Ferrovie dello Stato is working to get easyJet or Delta involved in the rescue of Alitalia. Industry Minister Luigi Di Maio told labour groups that the government aimed to own 15% of Alitalia, and that FS’s due diligence would be completed by end 2018.

Italy’s government is studying the possible direct input of the Treasury in the capital of Alitalia, with any direct involvement from the state to be submitted to the EU for approval.
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Re: Alitalia near bankruptcy. Can it be saved?

Post by sn26567 »

Alitalia executives will meet with Delta Air Lines managers to discuss a potential transaction, that will involve mainly long-haul flights to the US.
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Re: Alitalia near bankruptcy. Can it be saved?

Post by sn26567 »

sn26567 wrote: 07 Jan 2019, 19:16 Alitalia executives will meet with Delta Air Lines managers to discuss a potential transaction, that will involve mainly long-haul flights to the US.
Air France, possibly in conjunction with Delta Air Lines, is planning to take a stake in Alitalia.

When will the Italian government finally make a decision?
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Re: Alitalia near bankruptcy. Can it be saved?

Post by brusselsairlinesfan »

sn26567 wrote: 17 Jan 2019, 21:49
sn26567 wrote: 07 Jan 2019, 19:16 Alitalia executives will meet with Delta Air Lines managers to discuss a potential transaction, that will involve mainly long-haul flights to the US.
Air France, possibly in conjunction with Delta Air Lines, is planning to take a stake in Alitalia.

When will the Italian government finally make a decision?
Mr SMITH wants to make AF-KLGroup the "#1" in Europe so why not?!

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Re: Alitalia near bankruptcy. Can it be saved?

Post by Boeing767copilot »

The board of Ferrovie dello Stato (FS) will meet today to make an update regarding the negotiations in progress for the airline Alitalia, especially to be able to assess the status of that with Delta and Air France-KLM and Lufthansa. In addition, the Board of Directors will extend the validity of the purchase offer by one month, bringing the expiration date to February 28th so as to be able to continue...

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Re: Alitalia near bankruptcy. Can it be saved?

Post by sn26567 »

Lufthansa announces that it no longer wants to invest, with the Italian government, in Alitalia. Not really a surprise, after all the non-decisions by the Italian government and the recent involvement of fellow Skyteam airlines.
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Re: Alitalia near bankruptcy. Can it be saved?

Post by cathay belgium »

Hi,
Not LH ! AZ is saved haha :)
Not EW pfew..
CXB
New types flown 2020 : A321neo,B781

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sn26567
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Re: Alitalia near bankruptcy. Can it be saved?

Post by sn26567 »

sn26567 wrote: 25 Jan 2019, 19:35 Lufthansa announces that it no longer wants to invest, with the Italian government, in Alitalia. Not really a surprise, after all the non-decisions by the Italian government and the recent involvement of fellow Skyteam airlines.
Err... Is Lufthansa also playing games? The above statement is contradicted in the article hereunder:

https://www.aviation24.be/airlines/luft ... uisitions/

Where is the truth?

Incidentally, did you notice that, again, Brussels is not mentioned as a Lufthansa hub? :evil:
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Vic Diesel
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Re: Alitalia near bankruptcy. Can it be saved?

Post by Vic Diesel »

Herr "xxxxx" Spohr should take a deep breath and blend out his Herrenmenschen-attitude: at least Wizz Air, healthy and successful on the markets it serves, has for sure no interest in getting commanded by a bunch of ruthless and soulless technocrats like his kind.
Best regards,
Viktor

(Budapest-born, Vienna-raised, Brussels-based)

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