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AF-KLM - Alitalia Deal In Danger?  
User currently offlineENU From Netherlands, joined Nov 2006, 1166 posts, RR: 0
Posted (6 years 7 months 1 week 4 days 13 hours ago) and read 3468 times:

Italian Prime Minister Romano Prodi will face two votes of confidence in parliament following the resignation of an ally from his coalition government. Will a possible resignation of his whole cabinet endanger the deal between AF/KLM and Alitalia or has it been decided already?

Source: http://news.bbc.co.uk/2/hi/europe/7201959.stm

[Edited 2008-01-22 07:57:26]

6 replies: All unread, jump to last
 
User currently offlineJRadier From Netherlands, joined Sep 2004, 4679 posts, RR: 50
Reply 1, posted (6 years 7 months 1 week 4 days 12 hours ago) and read 3348 times:

The Dutch Financial minister requested talks to proceed, which is acknowledged by the Italian transport minister.

Source: http://www.luchtvaartnieuws.nl/news/?id=24248 (Dutch only)



For once you have tasted flight you will walk the earth with your eyes turned skywards, for there you have been and ther
User currently offlineENU From Netherlands, joined Nov 2006, 1166 posts, RR: 0
Reply 2, posted (6 years 7 months 2 days 14 hours ago) and read 2866 times:

Some recent developments:

Quote:
Italy's Air One airline has launched court action to stop the Italy government-approved exclusive tie-up talks between Alitalia SpA and Air France-KLM, an Air One spokeswoman said.
(...)
"I confirm that we have filed an appeal in the court, in order that we can present our binding offer," the spokeswoman said.
The eight-week exclusive talks, due to run to mid-March, give Air France-KLM access to a data room of information on Alitalia so that the Franco-Dutch airline can present a binding offer.
Some Italian politicians support an all-Italian solution for Alitalia.

However, the Italian minister of transportation said that the merger between AF/KLM and Alitalia can only be stopped by a new government. This could end in lengthy affair... and be at a disadvantage for both parties.

Sources:
http://www.iii.co.uk/news/?type=afxn...95&subject=economic&action=article
http://www.sharewatch.com/story.php?storynumber=184406


User currently offlineBobnwa From United States of America, joined Dec 2000, 6465 posts, RR: 9
Reply 3, posted (6 years 7 months 2 days 13 hours ago) and read 2815 times:

If I were running AF/KL I would pull a Pontius Pilot, and "wash my hands of the whole affair." The ongoing political situation in Italy will never let the Alitalia situation be resolved in a business like manner.

User currently offlineBuyantUkhaa From Mongolia, joined May 2004, 2898 posts, RR: 3
Reply 4, posted (6 years 7 months 2 days 13 hours ago) and read 2796 times:



Quoting Bobnwa (Reply 3):
Pontius Pilot

:D



I scratch my head, therefore I am.
User currently offlineBurkhard From Germany, joined Nov 2006, 4395 posts, RR: 2
Reply 5, posted (6 years 7 months 2 days 13 hours ago) and read 2690 times:

Both should know Italy well enough to know that they pull out now and miss a few million or later and loose a few billion.

User currently offlineBullpitt From Spain, joined Mar 2004, 871 posts, RR: 8
Reply 6, posted (6 years 7 months 2 days 7 hours ago) and read 2405 times:

Hi all

If the merger goes ahead I can see AF/KL having some very serious problems. AZ can be to them what AR were to IB.



These are my principles but if you don't like them I have others
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