nycfly75
Posts: 643
Joined: Wed Aug 24, 2005 9:38 pm

Airliner World: AZ To Accept Option On 5 777-200.

Tue Dec 05, 2006 4:12 am

I read in the current issue of Airliner World magazine today that Alitalia will take delivery of 5 777-200's beginning in February, 2007. These new planes were part of the original option order with Boeing I believe.
 
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solnabo
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RE: Airliner World: AZ To Accept Option On 5 777-200.

Tue Dec 05, 2006 4:27 am

With a loss over 3 Bln € the last 6 months, how on earth are AZ gonna take delivery of 5 B777´s??

Micke//  

[Edited 2006-12-04 20:30:11]
Airbus SAS - Love them both
 
EFHK
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RE: Airliner World: AZ To Accept Option On 5 777-200.

Tue Dec 05, 2006 4:28 am

Is their financial situation improving so that they can purchase these planes?

If so, that's good news! Nice to see AZ recovering.
One of the best places in the world: McDonald's in T2 at FRA.
 
nycfly75
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RE: Airliner World: AZ To Accept Option On 5 777-200.

Tue Dec 05, 2006 4:34 am

Question is will they be leased or bought? It didnt say in the article. All it said was that they are taking 5 of the options for now. I guess theyll open LAX again and HKG perhaps with the 5.
 
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N328KF
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RE: Airliner World: AZ To Accept Option On 5 777-200.

Tue Dec 05, 2006 4:37 am

Where is Boeing going to pull the delivery slots for 5 777-200(ERs, presumably) out of their ass within three months?
When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' -Theodore Roosevelt
 
Magyarorszag
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RE: Airliner World: AZ To Accept Option On 5 777-200.

Tue Dec 05, 2006 4:43 am

Quoting Nycfly75 (Thread starter):
I read in the current issue of Airliner World magazine today that Alitalia will take delivery of 5 777-200's beginning in February, 2007. These new planes were part of the original option order with Boeing I believe.

Really ? And where is AZ getting the money from ?  mischievous 
 
scotron11
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RE: Airliner World: AZ To Accept Option On 5 777-200.

Tue Dec 05, 2006 4:46 am

Quoting EFHK (Reply 2):

If so, that's good news! Nice to see AZ recovering.

AZ is in dire financial straits at the moment. so where the money for these aircraft is coming from I do not know!
 
EFHK
Posts: 372
Joined: Sun Nov 12, 2006 5:52 am

RE: Airliner World: AZ To Accept Option On 5 777-200.

Tue Dec 05, 2006 4:55 am

Quoting Scotron11 (Reply 6):
AZ is in dire financial straits at the moment

Well, that's what I thought too!  confused 
One of the best places in the world: McDonald's in T2 at FRA.
 
Magyarorszag
Posts: 1072
Joined: Sun Sep 04, 2005 5:53 am

RE: Airliner World: AZ To Accept Option On 5 777-200.

Tue Dec 05, 2006 5:07 am

Quoting Solnabo (Reply 1):
With a loss over 3 Bln € the last 6 months

If that's it, maybe there are also some unpaid bills for fuel suppliers. Five years ago another airline quit famous went bust with an annual deficit for 2000 of €2 Bln and unpaid fuel bills. So how could AZ order new planes when in a certain sense it should be dead since long ???

[Edited 2006-12-04 21:10:07]
 
stirling
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RE: Airliner World: AZ To Accept Option On 5 777-200.

Tue Dec 05, 2006 5:24 am

Very few airlines purchase aircraft with cash, most are financed.

Even if an airline is losing money like Alitalia; being the international flag carrier of one of the world's top economies does carry some financial clout, it might however come with a heavy interest penalty, but would not preclude it from acquiring aircraft....Especially when it's the Republic of Italy on the hook for the purchase, but that is changing.

Because in addition, on Friday, the Italian government has said it will reduce its hold on the 49% controlling share in the airline, down to less than 25%...one of the things that barred any serious interest in the airline up to now. (Labor issues being another.)

International Herald Tribune Article

Quote:
The Italian government said Friday that it would sell about half of its 49.9 percent stake in Alitalia and cede management control, a step that could help prepare the country's unprofitable flagship carrier to be taken over by Air France-KLM.

This latest bit of news might very well trump the information in Airliners as the article in all reality was written months ago.
Whoever buys that 24% or so, could very well cancel the order.
Lets wait and see. I personally, hope they get the 777s.
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