Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
AZ - Official - State To Sell Part Of Its 49,9%  
User currently offlineIkarus2006 From Netherlands, joined Apr 2006, 187 posts, RR: 0
Posted (7 years 7 months 2 weeks 1 day 12 hours ago) and read 3864 times:

Just for those of who might be interested, the Italian Government has officially decided to put on the market a part of its 49,9% share of Alitalia. The target is to bring the share from the 49,9 % to a level, yet to be defined, below 30%.
Please find information about this subject in the following article (sorry, but it is in Italian only):

http://www.corriere.it/Primo_Piano/E...2006/12_Dicembre/01/alitalia.shtml


In short, it says that the selection of potential buyers will be made on the base of: prospected employment level, proper offer of services and presence on the territory, economical offer and analysis of the business plan.

The selection procedure is intended to be a transparent one. The final decision will be taken by the Ministry of Economic Affairs with the support of some yet to be identified advisers.

[Edited 2006-12-01 13:11:44]

18 replies: All unread, jump to last
 
User currently offlineVivaGunners From Italy, joined Oct 2000, 363 posts, RR: 0
Reply 1, posted (7 years 7 months 2 weeks 1 day 11 hours ago) and read 3810 times:

Sounds like good news for AZ, finally.
Hopefully things will turn out fine and AZ will see better days ahead.
Thanks for posting.



Any ideas for a signature?
User currently offline797 From Venezuela, joined Aug 2005, 1890 posts, RR: 28
Reply 2, posted (7 years 7 months 2 weeks 1 day 8 hours ago) and read 3677 times:

So, let me see if I got everything...

If the government is selling part of the 49.9% shares they own, does this mean that AZ is going to be partially privatized?

If that's so, then I'm very glad to see it happening; however, I insist that AZ will never stop having problems until they get rid of their oldest staff. I think that when a Company has so many years in the market, there are lots of workers who have lived in it. As a result, today after several years of work, they ask for more money and social obligations being less usefull and less productive.

Alitalia needs to re-born, from the inside to the outside.

Cheers



Flying isn't dangerous. Crashing is what's dangerous!
User currently offlineNycfly75 From Italy, joined Aug 2005, 751 posts, RR: 10
Reply 3, posted (7 years 7 months 2 weeks 1 day 8 hours ago) and read 3654 times:

The Government will reduce its stake to 25% from 49.9% and a new partner will be selected by 31 January.

User currently offlineGeorgiaAME From United States of America, joined Aug 2005, 942 posts, RR: 6
Reply 4, posted (7 years 7 months 2 weeks 1 day 7 hours ago) and read 3623 times:

I wonder if USAirways would be interested.


"Trust, but verify!" An old Russian proverb, quoted often by a modern American hero
User currently offline797 From Venezuela, joined Aug 2005, 1890 posts, RR: 28
Reply 5, posted (7 years 7 months 2 weeks 1 day 5 hours ago) and read 3555 times:

Quoting Nycfly75 (Reply 3):
The Government will reduce its stake to 25% from 49.9% and a new partner will be selected by 31 January.

Wow, reducing their share on a 25% it's quite a lot!

Who are the potential partners???



Flying isn't dangerous. Crashing is what's dangerous!
User currently offlineNycfly75 From Italy, joined Aug 2005, 751 posts, RR: 10
Reply 6, posted (7 years 7 months 2 weeks 1 day 4 hours ago) and read 3496 times:

Quoting 797 (Reply 5):
Who are the potential partners???

Lufthansa, AirOne (which will be a LH partnership as well), Air France (I hope not), Thai, and Air China. BA is also mentioned.


User currently offlineScotron11 From United Kingdom, joined Feb 2004, 1178 posts, RR: 3
Reply 7, posted (7 years 7 months 2 weeks 18 hours ago) and read 3366 times:

Quoting Nycfly75 (Reply 6):

Lufthansa, AirOne (which will be a LH partnership as well), Air France (I hope not), Thai, and Air China. BA is also mentioned.

Pipe dreams! The biggest problem is that there are too many politicians still involved in AZ's future. And why on earth would BA be interested?

The best for them would be closure and rebirth. That would take care of the unions once and for all!


User currently offlineSilentbob From United States of America, joined Aug 2006, 2033 posts, RR: 1
Reply 8, posted (7 years 7 months 2 weeks 17 hours ago) and read 3342 times:

Quoting GeorgiaAME (Reply 4):
I wonder if USAirways would be interested.

Let's hope not, I don't think we could handle all the topics and hatred.


User currently offlineEZEIZA From Argentina, joined Aug 2004, 4963 posts, RR: 25
Reply 9, posted (7 years 7 months 2 weeks 17 hours ago) and read 3318 times:

If I understand correctly, the new partner will be announced by Jan. 31st. I'm guessing a lot of staff will be fired, or at least there will be rumours about a huge staff cut. So when shall we expect the next strikes? I will be flying FCO-VCE on Feb 14th and I really can't afford to lose time by travelling by train so I hope I can fly without any major delays!

regards  Smile



Carp aunque ganes o pierdas ...
User currently offlineAzjubilee From United States of America, joined Apr 2000, 3886 posts, RR: 28
Reply 10, posted (7 years 7 months 2 weeks 10 hours ago) and read 3238 times:

Let's say it together... AIR FRANCE/KLM!



AZJ


User currently offlineJoeCattoli From Italy, joined Aug 2005, 569 posts, RR: 3
Reply 11, posted (7 years 7 months 2 weeks 10 hours ago) and read 3221 times:

Good news
At least the government did something that no-one had the courage to do so far and that can IMHO be the only way to keep AZ alive and may be in the future profitable... We'll see.
I wanna see what the government say when the privates will use MXP as major hub and politics can't do nothing to avoid it anymore...

See ya

Ciao
Joe


User currently offlineFlySSC From United States of America, joined Aug 2003, 7401 posts, RR: 57
Reply 12, posted (7 years 7 months 2 weeks 10 hours ago) and read 3218 times:

I hope AF-KL will stay away from this big joke called Alitalia.
Taking them in Skyteam was already a big mistake, done under pressure for Political reason.

AF-KL is doing well. Very well. They really don't need to invest 1 € in AZ, as long it will remain run the way it for the past 30 years, mostly by incompetent and backward Unions.


User currently offlineWingedarrow From Italy, joined May 2005, 169 posts, RR: 1
Reply 13, posted (7 years 7 months 2 weeks 10 hours ago) and read 3202 times:

Quoting FlySSC (Reply 12):
I hope AF-KL will stay away from this big joke called Alitalia.

Working for the French airlines and from a mere economic point of view I completely agree with you FlySSC. But I'm Italian and that's really sad to see AZ sinking this way, so it would be good if AF/KL could give it a different future somehow...  optimist 



אליטליה
User currently offlineDernierVirage From Hong Kong, joined Aug 2006, 228 posts, RR: 0
Reply 14, posted (7 years 7 months 2 weeks 10 hours ago) and read 3196 times:

This means that the new shareholder will have 24,9%, with the Italian government still at 25% and the remaining 50% held by other shareholders. In this structure, how can the new investor be sure to be able to implement the changes needed for his investment to make sense - surely he needs more power to influence the voting ?

User currently offlineFlySSC From United States of America, joined Aug 2003, 7401 posts, RR: 57
Reply 15, posted (7 years 7 months 2 weeks 9 hours ago) and read 3173 times:

Wingedarrow,

My point of view has obviously nothing against Italians or Italy.
The fact is that Alitalia has become a big Joke, you know what I mean if you work for an airline.
I wish AF-KL could merge with AZ.
AZ has such a huge potential to become a great airline, it's a shame that this potential was wasted in the past years for the profit of other airlines inluding AF.

The fact is that AZ as such is nothing but a real danger for the airline who will invest money it.
Politics must now stay away from AZ.
Only 1 HUB must be chosen, FCO or MXP.
A lot of unused and/or unproductive staff have to be fired. Sad, but true.
AZ staff must realize that "Passengers" have become "Customers". That they have the choice now, that THEY pay their salaries etc ... etc ...
A "revolution" for AZ is compulsory in the way they do Business, Fleet plan, network, but also (and I should say maybe the most important) first in the mind and mentality.
That is maybe the toughest part.


User currently offlineWingedarrow From Italy, joined May 2005, 169 posts, RR: 1
Reply 16, posted (7 years 7 months 2 weeks 6 hours ago) and read 3126 times:

I agree with you 100% FlySSC! This "cure" (more or less the same that Mr. Spinetta illustrated a couple of days ago) is the only one for AZ. The hardest part is to explain to AZ staff that they won't be AF/KL slaves (that is common thinking among them), but that they will only be helped in running the airline the correct way.


אליטליה
User currently offline797 From Venezuela, joined Aug 2005, 1890 posts, RR: 28
Reply 17, posted (7 years 7 months 2 weeks 3 hours ago) and read 3079 times:

Quoting Scotron11 (Reply 7):
The best for them would be closure and rebirth. That would take care of the unions once and for all!

That sounds like a reasonable thing to do, but I don't know how realisable would it be for the people who work for Alitalia. Is that a viable thing to do?

Quoting FlySSC (Reply 12):
I hope AF-KL will stay away from this big joke called Alitalia.

The joke are the people who run Alitalia.

Quoting FlySSC (Reply 15):
AZ has such a huge potential to become a great airline

Following the previous quote, if AZ used the potential they have in the best of the ways, they'd be incredibly HUGE and strong. All they need is re-structure themselves. They need new people, fresh minds...

Quoting FlySSC (Reply 15):
A lot of unused and/or unproductive staff have to be fired. Sad, but true.

That's what I've said...



Flying isn't dangerous. Crashing is what's dangerous!
User currently offlineScotron11 From United Kingdom, joined Feb 2004, 1178 posts, RR: 3
Reply 18, posted (7 years 7 months 1 week 6 days 17 hours ago) and read 2995 times:

Quoting 797 (Reply 17):

All they need is re-structure themselves. They need new people, fresh minds...

Which is what Cimoli has tried to do. I think he was given a hopeless task and will become the fall guy for "failing" to turnaround AZ. Of course, the government and unions are blameless!


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...
Eads In Talks To Sell Part Of Airbus posted Thu Nov 16 2006 07:41:00 by N1786b
Eads In Talks To Sell Part Of Airbus posted Thu Nov 16 2006 07:39:44 by N1786b
IB Chosen To Form Part Of Sustainability Dow Jones posted Sat Sep 16 2006 15:12:33 by Bullpitt
BAe In Talks To Sell Out Of Airbus posted Tue Mar 21 2006 15:20:47 by NAV20
ExpressJet To Lose A Quarter Of Its Fleet! posted Thu Dec 29 2005 20:21:05 by SHUPirate1
Changi To Close Part Of T1 Viewing Gallery posted Sun Oct 16 2005 03:07:15 by Airtropolis
Would Airtran Ever Try To Buy Part Of Usair? posted Tue Mar 1 2005 04:38:48 by Quickmover
BA To Sell Out Of Qantas? posted Thu Oct 18 2001 10:06:37 by Heisan67
Qantas To Buy Part Of ANZ, SQ To Buy AN posted Tue May 29 2001 02:19:10 by TG992
Delta Looking To Buy Part Of AeroMexico posted Fri Apr 6 2001 05:40:49 by Republic