Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Palestinian Airlines Ready To Invest In Alitalia?  
User currently offlineJetMaster From , joined Dec 1969, posts, RR:
Posted (8 years 9 months 1 day 17 hours ago) and read 4384 times:

I found that article on a South Tyrolean website:

http://www.dolomiten.it/nachrichten/artikel.asp?KatID=c&ArtID=68938


Translation of some passages:

Up to 30 percent of struggling Alitalia's capital could go into foreign hands. Gaza-based Palestinian Airlines is said to be ready to participate in the planned capital increase, reports business paper 'Milano e Finanza'.

The Palestinian airline wants to acquire up to 10 percent of the capital increase's total volume of EUR 1.2 billion, resulting in an investment of EUR 120 million.

Saudi Arabian Airlines is also interested to acquire a share (up to 10 percent), as well as a Romanian airline.

The capital increase is planned to be finished by year-end. Ten banks are said to be involved, e.g. Deutsche Bank and Intesa.


Regards,
JM

[Edited 2005-10-25 19:48:13]

21 replies: All unread, jump to last
 
User currently offlineAleksandar From Serbia, joined Jul 2000, 3236 posts, RR: 32
Reply 1, posted (8 years 9 months 1 day 16 hours ago) and read 4333 times:

Quoting JetMaster (Thread starter):
The Palestinian airline wants to acquire up to 10 percent of the capital increase's total volume of EUR 1.2 billion, resulting in an investment of EUR 120 million.

It is really surprising!  eyepopping  After all, Palestinian Airlines still doesn't fly and thus makes no profit at all. If we add very bad state of economy of the Palestinian territories, this information is even more confusing. Even if Palestinian Airlines had those 120 million dollars, would they invest them in buying some new planes. As far as I know, they only have some Dash 8s and old 727-200.

Quoting JetMaster (Thread starter):
Saudi Arabian Airlines is also interested to acquire a share (up to 10 percent), as well as a Romanian airline.

Well, that sound more logical to me than Palestinian Airlines.



R-E-S-P-E-C-T
User currently offlineEurostarVA From Bahrain, joined May 2002, 1296 posts, RR: 7
Reply 2, posted (8 years 9 months 1 day 14 hours ago) and read 4265 times:

The Palestinians HAVE been involved in strategic overseas investments. In fact, the Palestine Liberation Organization (PLO) at its peak in the 80s was involved in agriculture, trade and other sectors in Africa and other parts of the world.

However, given the mostly inactive status of Palestinian Airlines, and the Palestinian National Authority's poor finances, it is highly unlikely PF would ever fund 10% of the Alitalia capital base increase (120m Euros).



If there is a will, there is a way
User currently offlineHiJazzey From Saudi Arabia, joined Sep 2005, 864 posts, RR: 1
Reply 3, posted (8 years 9 months 1 day 11 hours ago) and read 4185 times:

They're a bit late in writing an April fools article.

User currently offlineArt From United Kingdom, joined Feb 2005, 3379 posts, RR: 0
Reply 4, posted (8 years 9 months 1 day 9 hours ago) and read 4121 times:

I don't understand what Palestinian has to gain. I understand they might be waving goodbye to 120m euros.

User currently offlineCure From Italy, joined Sep 2005, 227 posts, RR: 0
Reply 5, posted (8 years 9 months 1 day 7 hours ago) and read 4090 times:

...and I want to buy half of British Airways...

Sometimes lack of oxygen in the mountains plays really bad jokes   

Thanks Dolomiten (What the hell is this??), Alitalia doesn't need this kind of information right now   

[Edited 2005-10-26 05:20:32]

User currently offlineUSADreamliner From , joined Dec 1969, posts, RR:
Reply 6, posted (8 years 9 months 1 day 3 hours ago) and read 4003 times:

Palestinian buying Alitalia?
Yes, sure. I heard they want to buy American Airlines too!  laughing 


User currently offlineJetMaster From , joined Dec 1969, posts, RR:
Reply 7, posted (8 years 9 months 1 day 3 hours ago) and read 4000 times:

Quoting Cure (Reply 5):
Thanks Dolomiten (What the hell is this??), Alitalia doesn't need this kind of information right now

It seems you didn't read carefully...it's not the website which first published that piece of information.

Quoting USADreamliner (Reply 7):
Palestinian buying Alitalia?

Nobody talks about buying the entire airline.


Regards,
JM


User currently offlineBackfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 8, posted (8 years 9 months 21 hours ago) and read 3918 times:

Can't believe this is being taken seriously...  Yeah sure

User currently offlineLINATHJNX From Italy, joined Sep 2005, 103 posts, RR: 0
Reply 9, posted (8 years 9 months 20 hours ago) and read 3844 times:

Hello to all

Today, in Milano Finanza (the same source quoted by www.dolomiten.it) there is an article in which Alitalia claiming itself not to have elements neither confirming this kind of partecipation from Saudi Arabia and Romania carriers nor elements that could let indicate this (hoping my translation could be as precise as possible).

Ciao
Paolo


User currently offlineJacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 60
Reply 10, posted (8 years 9 months 19 hours ago) and read 3810 times:

More than anything else, lets hope that one day Gaza Airport will be open with lots of flights coming in and out...especially with some nice Boeing, Airbus, Embraers, Bombardiers, Fokkers, etc. planes....that will be a good day in history.. thumbsup  yes !!


"Up the Irons!"
User currently offlineAC320 From , joined Dec 1969, posts, RR:
Reply 11, posted (8 years 9 months 13 hours ago) and read 3662 times:

Just a reminder in discussing this: The social/political situation in the region is not a topic for civil aviation. Please keep posts not directly related to aviation in the non-aviation forum.

User currently offlineAleksandar From Serbia, joined Jul 2000, 3236 posts, RR: 32
Reply 12, posted (8 years 9 months 7 hours ago) and read 3615 times:

Quoting Cure (Reply 5):
...and I want to buy half of British Airways...

It's just that other half that you can buy. The first already belongs to me  biggrin 



R-E-S-P-E-C-T
User currently offlineYazeed From Jordan, joined Oct 2005, 35 posts, RR: 0
Reply 13, posted (8 years 8 months 4 weeks 1 day 16 hours ago) and read 3547 times:

Quoting Jacobin777 (Reply 10):
More than anything else, lets hope that one day Gaza Airport will be open with lots of flights coming in and out...especially with some nice Boeing, Airbus, Embraers, Bombardiers, Fokkers, etc. planes....that will be a good day in history

I also hope this, I will be traveling from there.


Quoting EurostarVA (Reply 2):
The Palestinians HAVE been involved in strategic overseas investments. In fact, the Palestine Liberation Organization (PLO) at its peak in the 80s was involved in agriculture, trade and other sectors in Africa and other parts of the world.

That is true, so a foreign investment for Palestinians is no surprise.

Quoting Aleksandar (Reply 1):
As far as I know, they only have some Dash 8s and old 727-200.

Yes, but I think that the future is not clear for Palestinian Airlines to buy airplanes and get them to Gaza to be bombed.

All in all, for me as a Palestinian living in Palestine, I do not really think the Palestinian would make such a move. They better concentrate on other things to do.


User currently offlineAleksandar From Serbia, joined Jul 2000, 3236 posts, RR: 32
Reply 14, posted (8 years 8 months 4 weeks 1 day 16 hours ago) and read 3538 times:

Quoting Yazeed (Reply 13):
I also hope this, I will be traveling from there.

I hope you will  crossfingers 
Can you tell me more about the current fleet status of Palestinian Airlines? Where are their planes now?
Also, I'm interested to know more about Gaza airport. I've heard that the airport was heavily damaged. Is some kind of re-construction going on?



R-E-S-P-E-C-T
User currently offlineYazeed From Jordan, joined Oct 2005, 35 posts, RR: 0
Reply 15, posted (8 years 8 months 4 weeks 1 day 16 hours ago) and read 3536 times:

Quoting Aleksandar (Reply 14):
I hope you will
Can you tell me more about the current fleet status of Palestinian Airlines? Where are their planes now?
Also, I'm interested to know more about Gaza airport. I've heard that the airport was heavily damaged. Is some kind of re-construction going on?

Thank you Aleksander for your interest.

As of the Airport, the runway of it is damaged it was ripped off by bulldozers. The buildings are slightly damaged. The airport was very convenient for Palestinians to travel from but not any more.

The fleet is about 2 (Not sure) Canadian Dash Havilland 8 (Has never been used), and one B727 donated by a Saudi Billionaire, 2 Fokker 50. Palestinian used to fly to Doha, Amman, Abu Dhabi, Dubai, and Cairo. The Airplanes are grounded in Arish Egypt and Amman Marka Airport. Nowadays, They are flying between Arish and Amman only.

No construction is going on in the Airport.


User currently offlineScotron11 From United Kingdom, joined Feb 2004, 1178 posts, RR: 3
Reply 16, posted (8 years 8 months 4 weeks 1 day 14 hours ago) and read 3503 times:

Quoting JetMaster (Thread starter):

The Palestinian airline wants to acquire up to 10 percent of the capital increase's total volume of EUR 1.2 billion, resulting in an investment of EUR 120 million.

And, they are going to rename the airline PALITALIA!!


User currently offlineMSYYZ From Canada, joined Oct 2005, 851 posts, RR: 8
Reply 17, posted (8 years 8 months 4 weeks 1 day 10 hours ago) and read 3461 times:

Quoting Yazeed (Reply 15):
As of the Airport, the runway of it is damaged it was ripped off by bulldozers

Keifak Yazeed ...
I hope that the Airport will reopen and Palestinian Airlines will fly again  Smile .



A346,A343,A342,A332,A333,A310,A300,AB6,A319,A320,A321,B741,B744,B777,B767,B732,B735,B727,B707,B757,MD80,F-70,E-170,B738
User currently offlineYazeed From Jordan, joined Oct 2005, 35 posts, RR: 0
Reply 18, posted (8 years 8 months 4 weeks 1 day 10 hours ago) and read 3457 times:

Quoting MSYYZ (Reply 17):
Keifak Yazeed ...
I hope that the Airport will reopen and Palestinian Airlines will fly again .

Hi:

Ana Mneeh. How about you?

Thanks.


User currently offlineAleksandar From Serbia, joined Jul 2000, 3236 posts, RR: 32
Reply 19, posted (8 years 8 months 4 weeks 1 day 10 hours ago) and read 3439 times:

Quoting Yazeed (Reply 15):
Thank you Aleksander for your interest.

You're welcome  wink  Thanks for your update on Palestinian Airlines. I do hope Gaza airport will be reconstructed soon and that Palestinian Airlines will fly from there.



R-E-S-P-E-C-T
User currently offlineCure From Italy, joined Sep 2005, 227 posts, RR: 0
Reply 20, posted (8 years 8 months 4 weeks 1 day 9 hours ago) and read 3427 times:

Quoting JetMaster (Reply 7):
It seems you didn't read carefully...it's not the website which first published that piece of information.

Sorry to contradict you, Jetmaster: It took five minutes of my time to read that article, and seriously, it seems to me they're being short of news if they write something like this, AT LEAST.
Alitalia, even being in a difficult condition since some years, it's a pretty big and respectable company, and in no need to be bought by non-operating carrier, as this confirms:

Quoting LINATHJNX (Reply 9):
Today, in Milano Finanza (the same source quoted by www.dolomiten.it) there is an article in which Alitalia claiming itself not to have elements neither confirming this kind of partecipation from Saudi Arabia and Romania carriers nor elements that could let indicate this


User currently offlineCure From Italy, joined Sep 2005, 227 posts, RR: 0
Reply 21, posted (8 years 8 months 4 weeks 1 day 8 hours ago) and read 3422 times:

Quoting Aleksandar (Reply 12):
It's just that other half that you can buy. The first already belongs to me

...and so on...  Wink


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Iberia To Invest In Other Airlines posted Wed Nov 26 2003 16:23:15 by IBERIA747
Sunwing Airlines Ready To FLY! posted Tue Sep 27 2005 08:13:13 by RicardoFG
Time To Invest In NW Or UA? posted Wed Sep 21 2005 05:48:32 by SuseJ772
GOL To Invest In Mexican Airline posted Tue Jul 5 2005 03:23:44 by Pzurita1
Ethiopian To Invest In New Ghana International posted Tue May 31 2005 21:19:57 by Ibhayi
Primaris Airlines Ready To Go! posted Thu Mar 24 2005 06:16:59 by LN-MOW
Bravo Airlines Ready To Start? posted Sat Mar 19 2005 19:26:29 by Debonair
Want To Invest In Air Canada?.....NO! posted Wed Oct 1 2003 09:45:43 by A340pilot
VG Airlines Plans To Start In Feb.2002 posted Fri Dec 14 2001 18:58:41 by Air Orange
Garuda Ready To Privatize In 2003 posted Sat Dec 8 2001 17:45:17 by Garuda