Ikarus2006
Topic Author
Posts: 114
Joined: Thu Apr 13, 2006 4:10 pm

AZ - Official - State To Sell Part Of Its 49,9%

Fri Dec 01, 2006 9:06 pm

Just for those of who might be interested, the Italian Government has officially decided to put on the market a part of its 49,9% share of Alitalia. The target is to bring the share from the 49,9 % to a level, yet to be defined, below 30%.
Please find information about this subject in the following article (sorry, but it is in Italian only):

http://www.corriere.it/Primo_Piano/E...2006/12_Dicembre/01/alitalia.shtml


In short, it says that the selection of potential buyers will be made on the base of: prospected employment level, proper offer of services and presence on the territory, economical offer and analysis of the business plan.

The selection procedure is intended to be a transparent one. The final decision will be taken by the Ministry of Economic Affairs with the support of some yet to be identified advisers.

[Edited 2006-12-01 13:11:44]
 
VivaGunners
Posts: 336
Joined: Mon Oct 23, 2000 5:22 am

RE: AZ - Official - State To Sell Part Of Its 49,9%

Fri Dec 01, 2006 9:35 pm

Sounds like good news for AZ, finally.
Hopefully things will turn out fine and AZ will see better days ahead.
Thanks for posting.
Any ideas for a signature?
 
797
Posts: 1386
Joined: Wed Aug 10, 2005 8:51 am

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 12:45 am

So, let me see if I got everything...

If the government is selling part of the 49.9% shares they own, does this mean that AZ is going to be partially privatized?

If that's so, then I'm very glad to see it happening; however, I insist that AZ will never stop having problems until they get rid of their oldest staff. I think that when a Company has so many years in the market, there are lots of workers who have lived in it. As a result, today after several years of work, they ask for more money and social obligations being less usefull and less productive.

Alitalia needs to re-born, from the inside to the outside.

Cheers
Flying isn't dangerous. Crashing is what's dangerous!
 
nycfly75
Posts: 643
Joined: Wed Aug 24, 2005 9:38 pm

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 1:11 am

The Government will reduce its stake to 25% from 49.9% and a new partner will be selected by 31 January.
 
georgiaame
Posts: 949
Joined: Sat Aug 13, 2005 7:55 am

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 1:38 am

I wonder if USAirways would be interested.
"Trust, but verify!" An old Russian proverb, quoted often by a modern American hero
 
797
Posts: 1386
Joined: Wed Aug 10, 2005 8:51 am

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 3:43 am

Quoting Nycfly75 (Reply 3):
The Government will reduce its stake to 25% from 49.9% and a new partner will be selected by 31 January.

Wow, reducing their share on a 25% it's quite a lot!

Who are the potential partners???
Flying isn't dangerous. Crashing is what's dangerous!
 
nycfly75
Posts: 643
Joined: Wed Aug 24, 2005 9:38 pm

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 5:00 am

Quoting 797 (Reply 5):
Who are the potential partners???

Lufthansa, AirOne (which will be a LH partnership as well), Air France (I hope not), Thai, and Air China. BA is also mentioned.
 
scotron11
Posts: 1181
Joined: Tue Feb 10, 2004 4:54 pm

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 2:50 pm

Quoting Nycfly75 (Reply 6):

Lufthansa, AirOne (which will be a LH partnership as well), Air France (I hope not), Thai, and Air China. BA is also mentioned.

Pipe dreams! The biggest problem is that there are too many politicians still involved in AZ's future. And why on earth would BA be interested?

The best for them would be closure and rebirth. That would take care of the unions once and for all!
 
silentbob
Posts: 1538
Joined: Tue Aug 15, 2006 1:26 pm

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 3:42 pm

Quoting GeorgiaAME (Reply 4):
I wonder if USAirways would be interested.

Let's hope not, I don't think we could handle all the topics and hatred.
 
EZEIZA
Posts: 4421
Joined: Sat Aug 21, 2004 12:09 am

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 4:12 pm

If I understand correctly, the new partner will be announced by Jan. 31st. I'm guessing a lot of staff will be fired, or at least there will be rumours about a huge staff cut. So when shall we expect the next strikes? I will be flying FCO-VCE on Feb 14th and I really can't afford to lose time by travelling by train so I hope I can fly without any major delays!

regards  Smile
Carp aunque ganes o pierdas ...
 
azjubilee
Posts: 3376
Joined: Sat Apr 29, 2000 5:26 am

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 10:31 pm

Let's say it together... AIR FRANCE/KLM!



AZJ
 
JoeCattoli
Posts: 492
Joined: Sun Aug 14, 2005 1:06 am

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 10:43 pm

Good news
At least the government did something that no-one had the courage to do so far and that can IMHO be the only way to keep AZ alive and may be in the future profitable... We'll see.
I wanna see what the government say when the privates will use MXP as major hub and politics can't do nothing to avoid it anymore...

See ya

Ciao
Joe
 
FlySSC
Posts: 5179
Joined: Tue Aug 12, 2003 1:38 am

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 10:49 pm

I hope AF-KL will stay away from this big joke called Alitalia.
Taking them in Skyteam was already a big mistake, done under pressure for Political reason.

AF-KL is doing well. Very well. They really don't need to invest 1 € in AZ, as long it will remain run the way it for the past 30 years, mostly by incompetent and backward Unions.
 
wingedarrow
Posts: 157
Joined: Sat May 14, 2005 9:11 pm

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 11:04 pm

Quoting FlySSC (Reply 12):
I hope AF-KL will stay away from this big joke called Alitalia.

Working for the French airlines and from a mere economic point of view I completely agree with you FlySSC. But I'm Italian and that's really sad to see AZ sinking this way, so it would be good if AF/KL could give it a different future somehow...  optimist 
אליטליה
 
DernierVirage
Posts: 222
Joined: Wed Aug 02, 2006 3:55 am

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 11:07 pm

This means that the new shareholder will have 24,9%, with the Italian government still at 25% and the remaining 50% held by other shareholders. In this structure, how can the new investor be sure to be able to implement the changes needed for his investment to make sense - surely he needs more power to influence the voting ?
 
FlySSC
Posts: 5179
Joined: Tue Aug 12, 2003 1:38 am

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sat Dec 02, 2006 11:38 pm

Wingedarrow,

My point of view has obviously nothing against Italians or Italy.
The fact is that Alitalia has become a big Joke, you know what I mean if you work for an airline.
I wish AF-KL could merge with AZ.
AZ has such a huge potential to become a great airline, it's a shame that this potential was wasted in the past years for the profit of other airlines inluding AF.

The fact is that AZ as such is nothing but a real danger for the airline who will invest money it.
Politics must now stay away from AZ.
Only 1 HUB must be chosen, FCO or MXP.
A lot of unused and/or unproductive staff have to be fired. Sad, but true.
AZ staff must realize that "Passengers" have become "Customers". That they have the choice now, that THEY pay their salaries etc ... etc ...
A "revolution" for AZ is compulsory in the way they do Business, Fleet plan, network, but also (and I should say maybe the most important) first in the mind and mentality.
That is maybe the toughest part.
 
wingedarrow
Posts: 157
Joined: Sat May 14, 2005 9:11 pm

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sun Dec 03, 2006 3:19 am

I agree with you 100% FlySSC! This "cure" (more or less the same that Mr. Spinetta illustrated a couple of days ago) is the only one for AZ. The hardest part is to explain to AZ staff that they won't be AF/KL slaves (that is common thinking among them), but that they will only be helped in running the airline the correct way.
אליטליה
 
797
Posts: 1386
Joined: Wed Aug 10, 2005 8:51 am

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sun Dec 03, 2006 5:49 am

Quoting Scotron11 (Reply 7):
The best for them would be closure and rebirth. That would take care of the unions once and for all!

That sounds like a reasonable thing to do, but I don't know how realisable would it be for the people who work for Alitalia. Is that a viable thing to do?

Quoting FlySSC (Reply 12):
I hope AF-KL will stay away from this big joke called Alitalia.

The joke are the people who run Alitalia.

Quoting FlySSC (Reply 15):
AZ has such a huge potential to become a great airline

Following the previous quote, if AZ used the potential they have in the best of the ways, they'd be incredibly HUGE and strong. All they need is re-structure themselves. They need new people, fresh minds...

Quoting FlySSC (Reply 15):
A lot of unused and/or unproductive staff have to be fired. Sad, but true.

That's what I've said...
Flying isn't dangerous. Crashing is what's dangerous!
 
scotron11
Posts: 1181
Joined: Tue Feb 10, 2004 4:54 pm

RE: AZ - Official - State To Sell Part Of Its 49,9%

Sun Dec 03, 2006 3:33 pm

Quoting 797 (Reply 17):

All they need is re-structure themselves. They need new people, fresh minds...

Which is what Cimoli has tried to do. I think he was given a hopeless task and will become the fall guy for "failing" to turnaround AZ. Of course, the government and unions are blameless!

Who is online

Users browsing this forum: 787fan8, Baidu [Spider], blockski, calt03, Cointrin330, ek17, Google [Bot], Google Adsense [Bot], HELyes, jamesontheroad, LamboAston, oslmgm, rocketPower, SXI899, TK350, tootallsd, xiaotung and 200 guests