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.
Aleksandar From Serbia, joined Jul 2000, 3229 posts, RR: 34 Reply 1, posted (7 years 7 months 1 day 10 hours ago) and read 3110 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! 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.
EurostarVA From Bahrain, joined May 2002, 1296 posts, RR: 8 Reply 2, posted (7 years 7 months 1 day 8 hours ago) and read 3042 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).
LINATHJNX From Italy, joined Sep 2005, 103 posts, RR: 0 Reply 9, posted (7 years 7 months 14 hours ago) and read 2621 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).
Jacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 61 Reply 10, posted (7 years 7 months 13 hours ago) and read 2587 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.. !!
AC320 From , joined Dec 1969, posts, RR: Reply 11, posted (7 years 7 months 7 hours ago) and read 2439 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.
Yazeed From Jordan, joined Oct 2005, 35 posts, RR: 0 Reply 13, posted (7 years 6 months 4 weeks 1 day 10 hours ago) and read 2324 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.
Aleksandar From Serbia, joined Jul 2000, 3229 posts, RR: 34 Reply 14, posted (7 years 6 months 4 weeks 1 day 10 hours ago) and read 2315 times:
Quoting Yazeed (Reply 13): I also hope this, I will be traveling from there.
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?
Yazeed From Jordan, joined Oct 2005, 35 posts, RR: 0 Reply 15, posted (7 years 6 months 4 weeks 1 day 10 hours ago) and read 2313 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.
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!!
Aleksandar From Serbia, joined Jul 2000, 3229 posts, RR: 34 Reply 19, posted (7 years 6 months 4 weeks 1 day 4 hours ago) and read 2216 times:
Quoting Yazeed (Reply 15): Thank you Aleksander for your interest.
You're welcome Thanks for your update on Palestinian Airlines. I do hope Gaza airport will be reconstructed soon and that Palestinian Airlines will fly from there.
Cure From Italy, joined Sep 2005, 227 posts, RR: 0 Reply 20, posted (7 years 6 months 4 weeks 1 day 3 hours ago) and read 2204 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
Sponsor Message: 
From , joined Dec 1969, posts, 
From Serbia, joined Jul 2000, 3229 posts, 
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.
From Bahrain, joined May 2002, 1296 posts, 
From Saudi Arabia, joined Sep 2005, 788 posts, 
From Lebanon, joined Feb 2005, 2937 posts, 
From Italy, joined Sep 2005, 227 posts, 
From , joined Dec 1969, posts, 
!!
From , joined Dec 1969, posts, 
From Jordan, joined Oct 2005, 35 posts, 
From United Kingdom, joined Feb 2004, 1178 posts, 
.
Thanks for your update on Palestinian Airlines. I do hope Gaza airport will be reconstructed soon and that Palestinian Airlines will fly from there.
Printer friendly format 
