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AF-KLM And Alitalia  
User currently offlineJPRM1 From France, joined Aug 2007, 78 posts, RR: 0
Posted (6 years 4 months 2 weeks 4 days 4 hours ago) and read 3249 times:

Air France-KLM published to day a press release after a board meeting: Air france-KLM is allowed to propose on March 14th a binding offer for Alitalia with suspensive conditions.

The suspensive conditions include the trade-unions positions.
It is not said anything about the affiliate part concerning maintenance.

Cheers
Jacques

9 replies: All unread, jump to last
 
User currently offline797 From Venezuela, joined Aug 2005, 1891 posts, RR: 27
Reply 1, posted (6 years 4 months 2 weeks 4 days 3 hours ago) and read 3148 times:

I was expecting someone to bring up a thread...

I heard that Berlusconi - who will be the new Premier in Italy - doesn't want AF to take over AZ for nationality issues, and that wants MXP to remain as an AZ hub.

Anyone's got further info?



Flying isn't dangerous. Crashing is what's dangerous!
User currently offlineRobertS975 From United States of America, joined Aug 2005, 937 posts, RR: 0
Reply 2, posted (6 years 4 months 2 weeks 4 days 3 hours ago) and read 3137 times:
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If someone doesn't take over AZ soon on their own terms, then it will fold. The EU has put a halt on government bailouts.

User currently offlinePihero From France, joined Jan 2005, 4389 posts, RR: 76
Reply 3, posted (6 years 4 months 2 weeks 3 days 12 hours ago) and read 2807 times:
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No details yet but I heard - grapewine - that approval of the offer by the unions and an agreement for a serious discussion before striking is required by AF/KL.


Contrail designer
User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 25
Reply 4, posted (6 years 4 months 2 weeks 3 days 11 hours ago) and read 2786 times:

Berlusconi has softened it's initial opposition and said he would be willing to accept a take-over b AF,provided the national identity of AZ will be maintained.
I would also imagine the terms and conditions are rather imposed by AF and not the opposite.So if AZ unions agree on jobcuts as suggested ( about 1400 to go ) and the Malpensa claim of 1.Billion € in case of anticipated flight-cuts from AZ is made obsolete,things should move fast.



Please respect animals - don't eat them...
User currently offlineCaribillo From Spain, joined Jul 2006, 218 posts, RR: 0
Reply 5, posted (6 years 4 months 2 weeks 3 days 11 hours ago) and read 2762 times:

Quoting El Pais:

"Alitalia está al borde de la quiebra, con una deuda que alcanza ya los 1.280 millones de euros a 31 de enero pasado, un 6,8% más que un mes antes."

"Alitalia is on the verge of bankrupcy, with a debt of 1280 MEuro on 31/01/2008, what means an increase of 6,8% regarding December 2007."

With this rythm of increasing, Alitalia, remaining alone, is meant to die.

Berlusconi statemets are just to attack the actual Goverment and they are everything but realistic.



Red, orange and yellow...with a big crown!
User currently offlineJPRM1 From France, joined Aug 2007, 78 posts, RR: 0
Reply 6, posted (6 years 4 months 2 weeks 3 days 5 hours ago) and read 2513 times:

Today, the Italian State Council rejected the appeal from Air One concerning the negociations between Alitalia and AF-KLM.
This suppress another obstacle to the take-over.

Concerning the financial situation of Alitalia, I did saw that Alitalia would be bankrupt in June if the take over fails.


User currently offlinePlobax From France, joined Jan 2008, 116 posts, RR: 0
Reply 7, posted (6 years 4 months 2 weeks 3 days 4 hours ago) and read 2456 times:



Quoting JPRM1 (Reply 6):
Concerning the financial situation of Alitalia, I did saw that Alitalia would be bankrupt in June if the take over fails.

I do hope that AF really knows what they are doing here. I do not see any interest in purchasing this wreck.


User currently offlineCaribillo From Spain, joined Jul 2006, 218 posts, RR: 0
Reply 8, posted (6 years 4 months 2 weeks 3 days 4 hours ago) and read 2427 times:



Quoting Plobax (Reply 7):
I do hope that AF really knows what they are doing here. I do not see any interest in purchasing this wreck.

Me too. But I would like Alitalia to survive.



Red, orange and yellow...with a big crown!
User currently offlineBP1 From United States of America, joined Aug 2007, 593 posts, RR: 1
Reply 9, posted (6 years 4 months 2 weeks 3 days 4 hours ago) and read 2391 times:

The other side of the story is that if AZ fails, or needs to sell assets (including airplanes) I am sure some of their 777's and other aircraft would fit nicely throughout the international aviation community. Let us not also forget their remaining slots at LHR and other airport assets in the entire system have value to other carriers also.

BP1



"First To Fly The A-380" / 26 October 2007 SYD-SIN Inaugural
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