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Aeroflot Runs A Mile From Alitalia  
User currently offlineBestWestern From Hong Kong, joined Sep 2000, 7089 posts, RR: 57
Posted (6 years 2 months 1 day 6 hours ago) and read 4316 times:

http://www.reuters.com/article/marketsNews/idUSL3092612820080530


"The state in which Alitalia was last year gave hope for recovery... Now I have big doubts that it is possible to bring it to healthy state,"


Has berlusconi's 'plan' backfired? Can the dead cat that is AZ bounce one more time - its nine lives long gone?


The world is really getting smaller these days
9 replies: All unread, jump to last
 
User currently offlineCf105Arrow From Canada, joined Oct 2007, 319 posts, RR: 0
Reply 1, posted (6 years 2 months 1 day 4 hours ago) and read 3546 times:

One more nail on the coffin.

User currently offlineMillwallSean From Singapore, joined Apr 2008, 1240 posts, RR: 6
Reply 2, posted (6 years 2 months 1 day 2 hours ago) and read 2931 times:

Alitalia is otalian and belive me they will find a way to keep Alitalia alive. The government will sort it and do it in a way so that EU wont be able to act.

There is a reason for the EU using the Italian diplomats when they cant solve things. The way they tricked Thatcher into allowing countries to move ahead without absolute majority in the EC is legendary. She came out of the meeting held somewhere in Italy and proudly announced that Britain held its ground. the Italians agreed but when everything was signed and ratified the wording had been put in such a way that the rest of the EC had gotten their way. Legendary stuff and one of the first things they teach you in politics these days.

So if the Italians want they will find a way to inject enough capital into AlItalia. The questions is if they want it bad and if the present coalition agrees on how.

What I dont understand is why the Northern Italian banks dont give full financial support to Air One instead and make that the airline of Northern Italy. It will do all what AlItalia has tried and this without overstaffing and the AlItalias unions.
A fast way to get a worldclass Italian carrier, compare that to pouring money into the overstaffed and very confrontational AlItalia.



No One Likes Us - We Dont Care.
User currently offlineBAStew From Australia, joined Sep 2006, 1024 posts, RR: 2
Reply 3, posted (6 years 2 months 1 day ago) and read 2629 times:

The question is how long the average italian will put up with propping up their national carrier and continuing its inefficient operation.

User currently offlineAR385 From Mexico, joined Nov 2003, 6142 posts, RR: 30
Reply 4, posted (6 years 2 months 1 day ago) and read 2606 times:
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Quoting BAStew (Reply 4):
The question is how long the average italian will put up with propping up their national carrier and continuing its inefficient operation.

Judging from what we've seen through the years, forever.



MGGS
User currently offlineRyanair!!! From Australia, joined Mar 2002, 4751 posts, RR: 26
Reply 5, posted (6 years 2 months 16 hours ago) and read 2289 times:

This is definitely ironic... Alitalia was one of the great carriers of the past while Aeroflot was a Soviet-backed government vehicle for all aviation related activity. Glamour was associated with the former while harsh spartan like images accompanied the latter.

Oh how the tables have changed for Aeroflot being able to say "thanks, but no thanks" to a former glamour-puss that is Alitalia!



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User currently offlineJFK787NYC From United States of America, joined Apr 2007, 812 posts, RR: 2
Reply 6, posted (6 years 2 months 6 hours ago) and read 1917 times:

The Russian Federation has learned it's lesson from the failure of the Soviet Union. The Russian Federation is all about the money now and they understand that capitalism is the only way to make it happen.

But, Even though I am sure Russia & Mr. Putin thought about purchasing Alitalia for a prestigious point of view, But Mr. Putin understands that he has no knowledge of the airline business and I am sure Mr. Okulov was summoned to Mr. Putin's office for a sit down about Alitalia. Mr. Okulov explained what maybe the possibilities of turning Alitalia around and the risk was probably much greater then the reward.

Besides, Political high ranking officials in Russia & Kazakhstan are starting to feel that the West thinks they are in business for Power & not profit. They are starting to get the feeling they are being treated like the Japanese in New York in the 1980s. Russia is not the same as it was even Three years ago, If Alitalia was in its current shape Three years ago this deal might of went through then. But, today is a whole different ball game.

Russia understands what is going on in the world, Money is not cheap anymore even in Russia. They are starting to think twice about projects and if you look Three to Four years back and pay attention to how fast GazProm was growing and how much debt it accomalated in those years to today you would be able to see that Russia is trying to slow down and much calmer.


User currently offlineFrancoflier From France, joined Oct 2001, 3739 posts, RR: 11
Reply 7, posted (6 years 2 months 6 hours ago) and read 1870 times:



Quoting BestWestern (Thread starter):
Aeroflot Runs A Mile From Alitalia

Well, anyone with an ounce of sense would...

Quoting Ryanair!!! (Reply 5):
This is definitely ironic... Alitalia was one of the great carriers of the past while Aeroflot was a Soviet-backed government vehicle for all aviation related activity.

Ironic indeed. Times change and tables turn. There is one thing, however, that Russia has never had experience dealing with: angry unions...  Wink



Looks like I picked the wrong week to quit posting...
User currently offlineJanmnastami From Italy, joined Apr 2008, 827 posts, RR: 0
Reply 8, posted (6 years 2 months 6 hours ago) and read 1822 times:

From abroad, you write as AZ will go bankruptcy tomorrow.

The situation is different: the government won't permit the bankruptcy, there are too many interests in AZ.


User currently offlineMax777geek From Italy, joined Mar 2007, 538 posts, RR: 0
Reply 9, posted (6 years 2 months 6 hours ago) and read 1776 times:



Quoting BestWestern (Thread starter):

"The state in which Alitalia was last year gave hope for recovery... Now I have big doubts that it is possible to bring it to healthy state,"

Reuters is an international company that has to behave. Italian news quoted the original new CEO speech which was "Now that Air France bid is over, only an exorcist may save Alitalia"

Quoting BestWestern (Thread starter):

Has berlusconi's 'plan' backfired?

Berlusconi plans works very well for the scope they are intended to, and they all have a very well calibrated validity period, which expiry exactly the election day.


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