797 From Venezuela, joined Aug 2005, 1894 posts, RR: 27 Posted (5 years 1 month 1 week 4 days 1 hour ago) and read 2665 times:
I have been searching for the last few weeks and seems like there's not much information on the Alitalia situation.
The latest news, taken from the Italian forum Aviazionecivile.com, is that the new Alitalia has made the first payment for the new airliners they have received. This payment, however, is less than half than what it was supposed to be (70mm instead of 175mm).
I went to the magazine shop and saw on the cover of an Italian one something about AZ and AP having trouble. Unfortunately I didn't buy it so I'm not in the loop of the latest events.
How is the AF deal going? Are there any more planes coming in? I believe some more A320s are due and the A330s next year.
Thanks in advance!
Flying isn't dangerous. Crashing is what's dangerous!
NCB From , joined Dec 1969, posts, RR:
Reply 1, posted (5 years 1 month 1 week 3 days 17 hours ago) and read 2148 times:
I'll give you an educated guess:
AZ and AP together are probably bleeding more money together than AZ was bleeding alone, regardless of their combined operation.
Pulling out of MXP to focus on FCO was the biggest mistake and operating a 100 strong A320/B737 fleet is just too brainless with all the strongly increasing Easyjet, Ryanair, Wizzair, LH Italy competition.
Like that I guess that they'll run out of money pretty soon as well, and AF's hand that's supposed to sign for the stake is shaking like hell... AF is losing money from all operations except KLM and adding a loss making AZ would be very, very risky.
In the meanwhile combined LF for May was 62.8% with almost 2 million boarded passengers.
It's not that bad but far from enough to make money.
New AZ does not have the huge cash reserves/loan capabilities of the old AZ.