Nycfly75 From Italy, joined Aug 2005, 771 posts, RR: 9 Posted (8 years 2 months 2 days 18 hours ago) and read 1600 times:
The Italian Government officially opened the bidding process for the sale of at least their stake in Alitalia. The bidder must make an offer of at least 30.1%, which then according to Italian law, the buyer can make an offer for the entire company. Some sale requirements are as follows:
-Maintaining AZ's Italian and Brand Identity
-Guaranteeing Service and Coverage Quality
Interested Buyers include:
AirOne with Banca Intesa
Meridiana (which just bought a stake in Eurofly)
AF/KL (looking less likely now)
Lumberton From United States of America, joined Jul 2005, 4708 posts, RR: 20
Reply 1, posted (8 years 2 months 2 days 17 hours ago) and read 1574 times:
Will any new owner have a requirement to keep existing labor agreements in place? Will the new owner have authority and flexibility in restructuring the airline as it sees fit? Frankly, anyone investing in AZ is just buying trouble IMO. From the article:
Quote: Alitalia meanwhile faces another in a series of strikes on January 19.
"When all is said and done, more will be said than done".
LTU932 From Germany, joined Jan 2006, 13898 posts, RR: 49
Reply 3, posted (8 years 2 months 2 days 17 hours ago) and read 1536 times:
How can they be forced to guarantee jobs if AZ, even if they survive beyond 2007, needs to downsize? This partial buyout is already doomed from the start if the Italian government keeps insisting on the buyer having to guarantee all existing jobs. Jobs will eventually have to be cut if AZ wants to survive.