Alitalia near bankruptcy. Can it be saved?

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

Post by lumumba » 16 Apr 2018, 22:10

sn-remember wrote:
16 Apr 2018, 21:07
Not sure I favour a LH take over .. seeing what they are doing with SN I would be very cautious indeed regarding such a scenario ...
I still think the AF/KL bid makes more sense.
Surprised and disappointed TK showed no interest ...
But there was no bid by AF/KL if I understood well!
Hasta la victoria siempre.

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Re: Alitalia near bankruptcy. Can it be saved?

Post by sn-remember » 16 Apr 2018, 22:16

Well you know the history .. They can't be idle I am sure ...

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Re: Alitalia near bankruptcy. Can it be saved?

Post by Ansett » 18 Apr 2018, 05:50

Following on about what I wrote about Brussels Airlines, if LH takes over AZ, Alitalia's domestic and European flights will be renamed Eurowings and pay and working conditions will be those of EW. LH could also wait for AZ to go bankrupt (like AB). It would make it easier to impose much lower pay and worse working conditions.
As to Alitalia's long-haul operations, they will all be rebranded Eurowings, too; As far as I know (correct me if I'm wrong), Alitalia has no "niche" operations like SN does.
Alitalia crew and ground staff still believe their airline will not undergo the same fate as Sabena. Wrong !
CS has five years to bring all this to fruition (including the SN deal) before leaving with a mega bonus.
(My cristal ball tells me it is tired and needs a nap).

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Re: Alitalia near bankruptcy. Can it be saved?

Post by brusselsairlinesfan » 18 Apr 2018, 12:20

Don’t underestimate italian people’s emotional reaction ;-)
In that case, I think that LH could prefer something like italianwings, just as belgianwings !

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Re: Alitalia near bankruptcy. Can it be saved?

Post by Ansett » 18 Apr 2018, 22:56

Italians have a love/hatred relationship with Alitalia, just like the Belgians with Sabena in the past. Actually, there are quiet a lot of similarities (imho). I don't think people are still so attached to their national airline. Otherwise, FR would not be so successful. Sorry for disagreeing with you. I like AZ and would hate it to see them ubergo the same fate as sabena (unlike anothet member on the forum ).

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Re: Alitalia near bankruptcy. Can it be saved?

Post by Stij » 23 Apr 2018, 15:44

And here we (finally) go...

The EU is investigating Alitalia's state loan...

https://www.ft.com/content/7f3b2486-46d ... e73aab7ccb

Cheers,

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

Post by jan_olieslagers » 24 Apr 2018, 09:46

Qatar Airways have become a sponsor of the Roma football club - would they be preparing something :) ?

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Re: Alitalia near bankruptcy. Can it be saved?

Post by quixoticguide » 24 Apr 2018, 13:49

jan_olieslagers wrote:
24 Apr 2018, 09:46
Qatar Airways have become a sponsor of the Roma football club - would they be preparing something :) ?
They have already Air Italy
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Re: Alitalia near bankruptcy. Can it be saved?

Post by Passenger » 24 Apr 2018, 19:46

Stij wrote:
23 Apr 2018, 15:44
And here we (finally) go...
The EU is investigating Alitalia's state loan...
https://www.ft.com/content/7f3b2486-46d ... e73aab7ccb
EN:
http://europa.eu/rapid/press-release_IP-18-3501_en.htm
FR:
http://europa.eu/rapid/press-release_IP-18-3501_fr.htm

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Re: Alitalia near bankruptcy. Can it be saved?

Post by jan_olieslagers » 24 Apr 2018, 20:05

They have already Air Italy
The successor to Meridiana, the successor to Alisarda? Isn't that only a child's toy for the Qatari's?

And its only a 49% share, anyway, according to Wikipedia.

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Re: Alitalia near bankruptcy. Can it be saved?

Post by flightlover » 24 Apr 2018, 20:49

jan_olieslagers wrote:
24 Apr 2018, 20:05
They have already Air Italy
The successor to Meridiana, the successor to Alisarda? Isn't that only a child's toy for the Qatari's?

And its only a 49% share, anyway, according to Wikipedia.
49% is the max % a non EU company or citizen can have in a EU airline. Or to be correct, 50% - 1 share.

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Re: Alitalia near bankruptcy. Can it be saved?

Post by quixoticguide » 25 Apr 2018, 21:56

EU regulator investigates Alitalia state loan

The European Commission (EC) has opened an in-depth investigation to assess whether Italy’s €900 million ($1.1 billion) bridge loan to flag carrier Alitalia constituted state aid and whether it complied with European Union (EU) rules for aid to companies in difficulty.

http://www.aviation24.be/airlines/alita ... -alitalia/
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Re: Alitalia near bankruptcy. Can it be saved?

Post by sn26567 » 25 Apr 2018, 23:37

Italy plans (again) to extend by six months a deadline to conclude the sale of ailing carrier Alitalia so that a new government being formed can handle the process, daily Il Sole 24 Ore reported today.
André
ex Sabena #26567

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Re: Alitalia near bankruptcy. Can it be saved?

Post by sn26567 » 27 Apr 2018, 12:43

sn26567 wrote:
25 Apr 2018, 23:37
Italy plans (again) to extend by six months a deadline to conclude the sale of ailing carrier Alitalia so that a new government being formed can handle the process, daily Il Sole 24 Ore reported today.
And indeed...: Italy extended the deadline for the sale of struggling Alitalia to end October 2018, according to Industry minister Carlo Calenda.

The European Commission is not happy: the bridge loan of 900 million euros from the Italian government is also extended until that date, whereas such loans are accepted by the EU for only a maximum of 6 months. State aid?
André
ex Sabena #26567


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Re: Alitalia near bankruptcy. Can it be saved?

Post by sn26567 » 03 May 2018, 14:30

Hmm!

Image
André
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Re: Alitalia near bankruptcy. Can it be saved?

Post by Yuqu12 » 03 May 2018, 15:25

I just calculated that Alitalia is able to make a loss of 23,15 EUR per second. How do you even do that?

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Re: Alitalia near bankruptcy. Can it be saved?

Post by sn26567 » 03 May 2018, 15:51

Yuqu12 wrote:
03 May 2018, 15:25
I just calculated that Alitalia is able to make a loss of 23,15 EUR per second. How do you even do that?
With a bloated workforce protected by Government incompetence.
André
ex Sabena #26567

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Re: Alitalia near bankruptcy. Can it be saved?

Post by Yuqu12 » 04 May 2018, 11:14

Well, if the EU thinks those grants are state aid, it will be over for Alitalia unless the government sells the airline before that.

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Re: Alitalia near bankruptcy. Can it be saved?

Post by lumumba » 04 May 2018, 13:48

The EU will do nothing for the moment because public opinion is so against the EU for the moment they will be paralysed.
The commission will act very carefully for the moment knowing the anti European feeling that is present for the moment and that's a good thing it will save Alitalia.
Hasta la victoria siempre.

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