Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Italy Scrambles To Save Alitalia Auction  
User currently offlineDeltaDAWG From United States of America, joined May 2006, 743 posts, RR: 1
Posted (6 years 9 months 1 week 5 hours ago) and read 2369 times:

Deal going south maybe?

link to Reuters article:
http://www.reuters.com/article/reute..._1013_INVESTING_column%3A_dealtalk

Also, could Airbus step in with some financing (aka US Air) and sweep a 350 order in the next year or so?

[Edited 2007-07-17 16:58:14]


GO Dawgs, Sic' em, woof woof woof
4 replies: All unread, jump to last
 
User currently offlineUAL777UK From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Reply 1, posted (6 years 9 months 1 week 5 hours ago) and read 2301 times:

Its a sorry state with AZ. Looking at the mess they are in I wonder if it would not make more sense to let them just liquidate like Swiissair and then a new Alitalia could rise from the ashes, with a reduced workforce, slashed salaries and new contracts, and perhaps run by Air One. It would be painful, but it might be on the only option.

User currently offlineKappel From Suriname, joined Jul 2005, 3533 posts, RR: 17
Reply 2, posted (6 years 9 months 1 week 4 hours ago) and read 2170 times:

Quoting UAL777UK (Reply 1):
Its a sorry state with AZ. Looking at the mess they are in I wonder if it would not make more sense to let them just liquidate like Swiissair and then a new Alitalia could rise from the ashes, with a reduced workforce, slashed salaries and new contracts, and perhaps run by Air One. It would be painful, but it might be on the only option.

I'm sorry to say that you are most likely right. Too bad for an airline with such a rich history, but it looks like they are too far gone. Bad management, too many strikes, etc have all made sure that AZ can not turn a profit. If even AF/KL turn them down, as close a partners as they are (remember KLM almost merged with AZ before the BA talks and finally the AF takeover), they really must be in a sorry state. I agree that the only option is to let them liquidate, and start anew. But with no state interest in the airline. And while I am a supporter of unions, the Alitalia unions have gone way too far. They do because they know they can, the government will never obstruct them. This all makes sure that any restructuring of the current AZ is impossible.



L1011,733,734,73G,738,743,744,752,763,772,77W,DC855,DC863,DC930,DC950,MD11,MD88,306,319,320,321,343,346,ARJ85,CR7,E195
User currently offlineArt From United Kingdom, joined Feb 2005, 3341 posts, RR: 0
Reply 3, posted (6 years 9 months 1 week 4 hours ago) and read 2160 times:

Well I've been to auctions (not selling companies, mind you) where if a lot is of no real interest to anyone, there are no bids and the lot is not sold. Starting to look like the only bidder with any real interest can't afford to buy the lot anyway.

"Alitalia says it can keep going for over a year, but it will soon need more cash after writing down its fleet in May and sinking deeper into the red."

"We do not see Alitalia making a profit in any of the next three years," J.P. Morgan analysts said in a research note.

"If no change in ownership occurs, this group will face a liquidity crisis in due course, in our view."

Badly run, badly worked for, badly molested by the politicians. Any one of these problems could prove fatal on its own. Suffering from all three, death is almost inevitable.


User currently offlineUAL777UK From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Reply 4, posted (6 years 9 months 6 days 23 hours ago) and read 1964 times:

This could be the final nail in the coofin for AZ!

http://www.reuters.com/article/topNews/idUKL1759629820070717?rpc=44


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...
Musharraf Orders Goverment To Save PIA posted Thu Dec 7 2006 18:50:41 by Jimyvr
Virgin Atlantic Plan To Save Fuel. posted Tue Dec 5 2006 07:48:53 by Mig21UMD
Virgin Atlantic Move To Save Fuel posted Sun Dec 3 2006 22:29:53 by Raventom
Please Sign This Petition To Save A Concorde posted Wed Nov 15 2006 23:01:59 by Gh123
What Could Save Alitalia? posted Wed Oct 11 2006 03:19:46 by ZschocheImages
German Rail Wants To Save Tempelhof Airport posted Sun Sep 3 2006 11:36:38 by Columba
How To Save Low Cost Airlines - Funny posted Fri Aug 25 2006 04:31:09 by Scoliodon
NW Asks Workers To Go Through Trash To Save $ posted Tue Aug 15 2006 23:40:47 by DeltaFFinDFW
Heres A Great Way To Save Fuel! posted Mon Aug 7 2006 03:04:26 by Boeingforever
Eads Hopes To Save 650 Jobs At Sogerma Plant posted Thu Jul 13 2006 20:22:33 by BoomBoom