Alitalia saved by the Government and reborn as ITA Airways

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webstermc
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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by webstermc »

According to De Tijd, Air France-KLM has been chosen by the italian government as partner of ITA

https://www.tijd.be/ondernemen/luchtvaa ... 10593.html

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sn26567
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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by sn26567 »

webstermc wrote: 31 Aug 2022, 13:18 According to De Tijd, Air France-KLM has been chosen by the italian government as partner of ITA
Not only Air France-KLM: Italy said it would hold exclusive negotiations with Delta Air Lines (US), Air France-KLM and Certares (US) to privatise ITA Airways.

https://www.aviation24.be/airlines/ita- ... a-airways/
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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by brusselsairlinesfan »

sn26567 wrote: 31 Aug 2022, 16:15
webstermc wrote: 31 Aug 2022, 13:18 According to De Tijd, Air France-KLM has been chosen by the italian government as partner of ITA
Not only Air France-KLM: Italy said it would hold exclusive negotiations with Delta Air Lines (US), Air France-KLM and Certares (US) to privatise ITA Airways.

https://www.aviation24.be/airlines/ita- ... a-airways/
Quite surprisîng !

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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by PopUp »

Wait for the results of the elections in Italy on 25 September for possible surprises ;)

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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by lumumba »

PopUp wrote: 04 Sep 2022, 00:38 Wait for the results of the elections in Italy on 25 September for possible surprises ;)
Looks like they will go back to Ala Littoria!😕
Hasta la victoria siempre.

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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by sn26567 »

MSC (without Lufthansa?) still remains willing to invest in ITA Airways, should the situation change in the coming months; however, the company is likely to invest in another airline.
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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by sn26567 »

ITA Airways negotiations with Certares and Delta Air Lines for the privatisation of the airline officially begin on 28 September 2022, after the political elections in Italy and two days before the expiry of the exclusivity period.
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Re: Alitalia saved by the Government and reborn as ITA Airways

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ITA Airways now has four CRJ1000 wet-leased from Hibernian Airlines of Spain.
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Re: Alitalia saved by the Government and reborn as ITA Airways

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Italy’s new government, led by Georgia Meloni, has decided to maintain the sale of ITA Airways to the consortium formed by the US fund Certares, Delta Air Lines and Air France-KLM.
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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by convair »

sn26567 wrote: 29 Sep 2022, 17:03 Italy’s new government, led by Georgia Meloni, has decided to maintain the sale of ITA Airways to the consortium formed by the US fund Certares, Delta Air Lines and Air France-KLM.
Does Italy already have a new government? It usually takes ages to form one. Belgium is no exception in that respect.

Lux_avi
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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by Lux_avi »

convair wrote: 29 Sep 2022, 18:58
sn26567 wrote: 29 Sep 2022, 17:03 Italy’s new government, led by Georgia Meloni, has decided to maintain the sale of ITA Airways to the consortium formed by the US fund Certares, Delta Air Lines and Air France-KLM.
Does Italy already have a new government? It usually takes ages to form one. Belgium is no exception in that respect.
Nope, they don't have a new government yet...

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Re: Alitalia saved by the Government and reborn as ITA Airways

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Italy has extended to Oct. 31 the deadline for exclusive talks with a consortium led by U.S. private equity fund Certares over a majority stake in ITA Airways, two sources close to the matter said on Friday.

The talks were initially meant to expire on Sept. 30.

Certares, backed by Air France-KLM and Delta Air Lines, is willing to pay 350 million euros for a 50% stake plus one share of the state-controlled airline, the sources said.

https://www.reuters.com/markets/deals/i ... 022-09-30/
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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by sn26567 »

ITA Airways is launching A220-300 flights from Rome Fiumicino as of 09 October 2022.
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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by PopUp »

The A220 is a nice aircraft. Lucky ITA. Poor SN ...

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Re: Alitalia saved by the Government and reborn as ITA Airways

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Ryanair chief executive Michael O’Leary said he sees Italy’s relaunched ITA Airways as a business destined to keep losing market share and require continued government support.
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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by sn26567 »

We said already several times here that the ITA story is a soap opera. Here is the latest development: ITA Airways executive chairman Alfredo Altavilla sues seven other board members of the carrier due to being removed for lack of “just cause”.
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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by rwandan-flyer »

Before to know why ITA struggles and previously Alitalia, you should know that the political system in Italy is not stable.

The average life expectancy of a governement in Italy is one year. So probbaly in one year far right won't be in power. ITA is the victim of this mess.


The instability of the Italian political system explained in three minutes

Constitutional reform was one of Matteo Renzi's promises when he came to power. Here's why Italy is so hard to govern

https://www-letemps-ch.translate.goog/m ... r_pto=wapp

I quote
sn26567 wrote: 29 Sep 2022, 17:03 Italy’s new government, led by Georgia Meloni, has decided to maintain the sale of ITA Airways to the consortium formed by the US fund Certares, Delta Air Lines and Air France-KLM.

But it seems that one month later the governement has ended talks and that the reason why there is another changement

No deal reached for Certares/ITA Airways as deadline passes

https://financialpost.com/pmn/business- ... ine-passes
Rwanda Aviation News (Drones, Air Force, Civil Aviation, Space, Air Balloon): https://www.facebook.com/RwandAn-Flyer-153177931456873

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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by sn26567 »

rwandan-flyer wrote: 31 Oct 2022, 21:21
sn26567 wrote: 29 Sep 2022, 17:03 Italy’s new government, led by Georgia Meloni, has decided to maintain the sale of ITA Airways to the consortium formed by the US fund Certares, Delta Air Lines and Air France-KLM.

But it seems that one month later the governement has ended talks and that the reason why there is another changement

No deal reached for Certares/ITA Airways as deadline passes

https://financialpost.com/pmn/business- ... ine-passes
Lufthansa remains interested in taking over ITA Airways after the new Italian government signalled the bidding process could be wide open again.
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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by sn26567 »

More state money for ITA Airways: the state-owned airline is close to a further government cash injection of US$400 million, as the newly elected government reviews the plans to sell the state-controlled carrier in the coming months. Poor Italian taxpayer!
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Re: Alitalia saved by the Government and reborn as ITA Airways

Post by sn26567 »

ITA Airways is close to welcoming Antonino Turicchi as its new chairman, following the recent resignation (or rather ouster) of Alfredo Altavilla. It remains to be seen whether MSC and Lufthansa will formalise a new offer for the carrier.
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