f.pier
Posts: 1405
Joined: Fri Aug 25, 2000 2:50 am

Nobody Wants Alitalia

Wed Jul 18, 2007 4:52 am

BREAKING NEWS

Alitalia last possible customer decided to quit the offer.

When the government offered Alitalia stocks the most of the people thought that maybe it should have been bought by a serious company. The offer received 6 or 7 groups offers, but all of them decided not to continue the offer.

Air One, the last remained, decided to quit tonight.
 
f.pier
Posts: 1405
Joined: Fri Aug 25, 2000 2:50 am

RE: Nobody Wants Alitalia

Wed Jul 18, 2007 4:56 am

In Italian

Roma, 17 lug. (Adnkronos/Ign) - Air One si ritira dalla gara per la privatizzazione di Alitalia. Ap Holding, infatti, ''dopo un'attenta analisi del contratto di vendita e con grande disappunto, rende noto che allo stato attuale non presenterà il prossimo 23 luglio l'offerta vincolante per la privatizzazione di Alitalia''.

Lo comunica la società, precisando che ''le attuali condizioni della versione definitiva del contratto di vendita ricevuto nei giorni scorsi dalla Procedura non consentono la realizzazione di un piano forte di risanamento e rilancio di Alitalia''.

In questi sette mesi di lavoro Ap Holding, si legge nella nota, ''ha messo a punto, con il supporto di primarie società di consulenza, un piano strategico per Alitalia con l'obiettivo di renderla il quarto vettore aereo in Europa. Per la realizzazione del piano è stato già predisposto un piano finanziario che garantirebbe la copertura dei significativi investimenti richiesti. E' stato già individuato, inoltre, un Amministratore delegato di livello internazionale che avrebbe guidato il progetto''.

Pur trovandosi attualmente nell'impossibilita' di procedere a concorrere alla privatizzazione di Alitalia, AP Holding, si legge ancora, ''ribadisce la propria disponibilità ad impegnarsi per il rilancio della compagnia. Il rinnovato interesse imprenditoriale per l'operazione richiede, tuttavia, condizioni di acquisto diverse, che rendano possibile una crescita sostenibile e competitiva di Alitalia''.

Ap Holding, sempre interessata, si legge nella nota, ''continuerà a seguire da vicino gli sviluppi relativi al processo di privatizzazione di Alitalia confidando che il piano messo a punto in questi sette mesi è la migliore soluzione per il rilancio della Compagnia di bandiera. Ap Holding nel frattempo prosegue nello sviluppo del piano industriale di Air One stand alone che prevede una strategia di ampliamento delle attività sui mercati internazionali: già oggi sono 9 le destinazioni europee raggiunte dalla compagnia (d'estate diventano quindici) e 23 le destinazioni domestiche''.

http://www.adnkronos.com/IGN/Economia/?id=1.0.1115373136
 
LIPZ
Posts: 483
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 4:58 am

Air One Pulls Out of Alitalia Race
Associated Press 07.17.07, 3:27 PM ET

ROME - Italy's Air One has withdrawn from the bidding for a large stake in struggling airline Alitalia, officials said Tuesday, leaving only one official bidder for the country's flagship carrier.

http://www.forbes.com/feeds/ap/2007/07/17/ap3923001.html
 
HT
Posts: 5857
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 5:03 am

Quoting F.pier (Thread starter):
Alitalia last possible customer decided to quit the offer.

vs.

Quoting LIPZ (Reply 2):
ROME - Italy's Air One has withdrawn from the bidding for a large stake in struggling airline Alitalia, officials said Tuesday, leaving only one official bidder for the country's flagship carrier.

So, is there still one bidder left or not ? Who would that be ?

_______
Priot to that reply, I was to ask ...:

Quoting F.pier (Thread starter):
Alitalia last possible customer decided to quit the offer.

So, what will be the future for AZ ?
I neither think that it just can go on unchanged not do I think that AZ will be allowed to simply cease op's and die ...

OTOH, European law sets limits for federal subsidies ...

Looks like a "loose-loose" situation for AZ.
-HT
Carpe diem ! Life is too short to waste your time ! Keep in mind, that today is the first day of the rest of your life !
 
flyingcat
Posts: 341
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 6:30 am

Quoting HT (Reply 3):
So, is there still one bidder left or not ?

According to WSJ there are no more bidders. It looks like the government is shielding the personnel so much that they may all lose their jobs.

Instead of restructuring AZ might be facing liquidation.

I say the employees should strike. Big grin
 
Lumberton
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 6:49 am

Few thread titles on a.net manage sum things up as briefly yet concisely as this one. My compliments!  Big grin

I have to ask: what next for Alitalia? Do things continue on "as normal"? Any guesses on where this situation goes from here?
"When all is said and done, more will be said than done".
 
ikramerica
Posts: 13762
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 7:00 am

Quoting Lumberton (Reply 5):
Few thread titles on a.net manage sum things up as briefly yet concisely as this one. My compliments!

Well, I'd maybe add the world Employees.

"Nobody Wants Alitalia Employees"

That is the crux of the problem afterall. If they are going to strike every month, it's a losing proposition for anyone.
Of all the things to worry about... the Wookie has no pants.
 
macc
Posts: 895
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 7:08 am

Quoting Flyingcat (Reply 4):
I say the employees should strike. 

which they will do today, according to a news wire from last week Big grin
I exchanged political frustration with sexual boredom. better spoil a girl than the world
 
pr1268
Posts: 223
Joined: Wed Dec 03, 2003 12:22 pm

RE: Nobody Wants Alitalia

Wed Jul 18, 2007 7:18 am

Quoting Lumberton (Reply 5):
Few thread titles on a.net manage sum things up as briefly yet concisely as this one. My compliments!

Few thread titles on a.net manage to sum things up as depressingly as this one.  Sad
The only time an aircraft has too much fuel is when it is on fire.
 
shuggie
Posts: 91
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 8:01 am

Quoting HT (Reply 3):
So, is there still one bidder left or not ? Who would that be ?

The way this BBC News article explains it, there is one bidder left but they are not considered a serious contender:

http://news.bbc.co.uk/1/hi/business/6903705.stm

Surely this must signal the beginning of the end for AZ ?
 
ScottB
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 10:18 am

Quoting HT (Reply 3):
So, what will be the future for AZ ?
I neither think that it just can go on unchanged not do I think that AZ will be allowed to simply cease op's and die ...

The problem is that if the employees of Alitalia are unwilling to face the reality of the company's situation, then Alitalia should be allowed to shut down and have its assets sold off. While it is awful for people to lose their jobs, it is by the same token unacceptable for a company's unions to essentially drive it into the ground. If they're unwilling to give up enough to allow the company to survive, they don't deserve to keep their jobs.
 
VictorKilo
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 10:39 am

From the Reuters story, it seems like Nobody Wants Alitalia (under the terms and conditions mandated by the Italian Government).

Quote:
"The conditions presented in the contract do not allow ... the development of a strong entrepreneurial project to revive and relaunch Alitalia," Air One said in a statement.

But it remained interested and said it would continue to monitor developments.

Air One had asked for changes that would have allowed it to back out of a deal if antitrust authorities imposed onerous conditions, a source closely involved said, and if it was unable to reach a deal with Alitalia's strike-prone unions, according to Italian newspaper Il Sole 24 Ore.

Alitalia's long-time commercial partner, Air France (AIRF.PA), has snubbed the auction, saying it was not interested under current conditions.

Given Alitalia's labor relations history, I think that Air One's demand to be able to back out if the union doesn't agree is a very prudent demand on their part. The Italian Government appears to have decided that it needs to gain short-term favor with the unions to help push through other parts of its agenda. Air One called their bluff, and now the Italian Government may be stuck with an airline they can't sell, an airline that has lost money since 2002, and an airline that cannot legally receive assistance from the government. The Italian Government may have gained short-term favor with the unions by not giving into Air One's demands, but they may lose long-term favor with them if the long-term implication of the government's decision is the grounding of Alitalia.
 
nzrich
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 10:39 am

Quoting ScottB (Reply 10):
The problem is that if the employees of Alitalia are unwilling to face the reality of the company's situation, then Alitalia should be allowed to shut down and have its assets sold off. While it is awful for people to lose their jobs, it is by the same token unacceptable for a company's unions to essentially drive it into the ground. If they're unwilling to give up enough to allow the company to survive, they don't deserve to keep their jobs.

Unfortunately Alitalia is crippled with many strikes giving the airline a bad name for reliability .. Striking when a airline could possibly go under does not seem the smartest move but then again thats exactly what happend with some of the big American carriers when they went through restructuring to stay alive .. Threats of strikes were made while the airlines were at risk ..
"Pride of the pacific"
 
centrair
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 12:01 pm

Quoting Flyingcat (Reply 4):
Instead of restructuring AZ might be facing liquidation.

There you go.

Liquidate and then AirOne can come in and buy up the good assets like the 777s, routes and maybe the name Alitalia cheap. Thus purchasing Alitalia but under its own terms. The brand is known world wide and if reborn with a new image (not livery wise) it can only help AirOne expand and profit.

Just an idea.
Yes...I am not a KIX fan. Let's Japanese Aviation!
 
COewrAAtysAZ
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 12:07 pm

As much as I hate to see Italy's flag carrier go... I am not sorry. I hate that dam airline and everytime I have to deal w/ them at work I'd rather get a root canal than have to call them.
Continental Airlines: Trabajar con empe�?��?�±o, Volar con Pasi�?��?�³n
 
worldtraveler
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 12:08 pm

AZ is hardly the first airline to be liquidated and shut down.... SR and SN both met very poor fates.... AZ has been living on borrowed time for far too long.

With EU-US Open Skies just around the corner, there is no reason any more for anyone to attempt to bail out AZ. They are too damaged and have way too many people.

The real question is who will win from AZ's shutdown. Clearly the remaining carriers that operate to/from Italy will do well.

AZ will probably be kept alive through the summer but it is far from certain how long beyond the summer it will remain flying. Anyone who books on AZ more than a few weeks away should do so with a great deal of caution.
 
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TK787
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 12:20 pm

Quoting WorldTraveler (Reply 15):
Anyone who books on AZ more than a few weeks away should do so with a great deal of caution.

Oh no, just tonight I bought tix for Sept. travel. What do you think might happen by then?
 
HT
Posts: 5857
Joined: Sat May 07, 2005 6:20 am

RE: Nobody Wants Alitalia

Wed Jul 18, 2007 1:08 pm

Quoting TK787 (Reply 16):
Oh no, just tonight I bought tix for Sept. travel. What do you think might happen by then?

AZ will be on strike on the very days of your travel ! Big grin

Serious: I doubt that AZ will go under that fast; politics are way too strong in this case ...
-HT
Carpe diem ! Life is too short to waste your time ! Keep in mind, that today is the first day of the rest of your life !
 
longhaulheavy
Posts: 376
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 1:56 pm

What do they mean no one wants Alitalia? I'll take them.
 
TUNisia
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 1:59 pm

Quoting TK787 (Reply 16):

Oh no, just tonight I bought tix for Sept. travel. What do you think might happen by then?

If they do shut down, and you used a credit card you simply initiate a chargeback. It's your right.
Someday the sun will shine down on me in some faraway place - Mahalia Jackson
 
art
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 2:37 pm

Quoting TK787 (Reply 16):
Quoting WorldTraveler (Reply 15):
Anyone who books on AZ more than a few weeks away should do so with a great deal of caution.

Oh no, just tonight I bought tix for Sept. travel. What do you think might happen by then?

According to one of the articles I read, the company can survive for some time before it runs out of money. Strikes might be a problem when the staff realise that the impossible is going to happen - they are actually going to be out of a job.
 
Deguoren
Posts: 37
Joined: Thu Jul 05, 2007 5:52 pm

RE: Nobody Wants Alitalia

Wed Jul 18, 2007 4:27 pm

There's still one investor in: Matlin Patterson Global Advisors. It's the company that had already quit once but returned a few months ago.
They were interested in Varig, Worldcom (yes, "that" Worldcom) and some other bancrupt companies or risk capital/ "risk debts". (For the German fellows: they bought bancrupt "Heros")
Even some say it's very questionable whether they are really interested, MPGA is usually very quiet, don't communicate much, don't even disclose any additional company information - they just buy or don't buy...

Deadline (of the thrid respite) is on Jul 23 - so you'll still have some time, if any of you want to buy AZ.   You can have old aircraft, around 620 mio Euro loss p.a., and a continuously striking staff.

My guess AZ will be scrapped and its assets sold off.

BTW: Just went for a LH ticket from MUC to FCO - though I (used to) prefer AZ - but I'm scared they won't be operating in October ...

[Edited 2007-07-18 09:31:02]

[Edited 2007-07-18 09:35:34]
 
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LTU932
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 4:43 pm

Quoting Art (Reply 20):
Strikes might be a problem when the staff realise that the impossible is going to happen

I would say that the impossible isn't going to happen, but that it is the inevitable that will happen. All AZ employees should realise that before going on a strike. AZ has been on life support for long enough as it is.

My guess is that this may be the final nail in the coffin for AZ. Even my father is increasingly frustrated with AZ going down the drain, especially with all those strikes that are occuring and quite frankly, with all those strikes, I'm surprised AZ has even lasted this long.
 
art
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Joined: Tue Feb 08, 2005 11:46 am

RE: Nobody Wants Alitalia

Wed Jul 18, 2007 4:49 pm

Quoting Deguoren (Reply 21):
My guess AZ will be scrapped and its assets sold off.

The brand name must have some value. I hope someone buys it and carries it on. It would be nice to see a "proper" Alitalia (new management, new staff, no political support/interference).
 
panamair
Posts: 3761
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 4:53 pm

Quoting Deguoren (Reply 21):
There's still one investor in: Matlin Patterson Global Advisors. It's the company that had already quit once but returned a few months ago.
They were interested in Varig, Worldcom (yes, "that" Worldcom) and some other bancrupt companies or risk capital/ "risk debts". (For the German fellows: they bought bancrupt "Heros")
Even some say it's very questionable whether they are really interested, MPGA is usually very quiet, don't communicate much, don't even disclose any additional company information - they just buy or don't buy...

I believe MPGA is currently out of the bidding game. They were lining up with the Texas Pacific Group (TPG) - yes the same ones involved in QF and a host of other carriers - but TPG backed out. The Italian govt. had invited MPGA back to bid but MPGA's response has been lukewarm and unclear at best.

http://www.atwonline.com/news/story.html?storyID=9587
 
Burkhard
Posts: 1916
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 4:56 pm

All a private investor could do is to put it into parts and sell these.

I see two parts that will get interest.
a) the long range traffic from Rome and Milan, including the 777s.
Milan could be done by Austrian ( they still have Lauda Italy over there?) - Rome is the more risky part.
b) the legally subvented connection to the islands - Air One or Meridiana or both could jump in here.
 
Deguoren
Posts: 37
Joined: Thu Jul 05, 2007 5:52 pm

RE: Nobody Wants Alitalia

Wed Jul 18, 2007 5:01 pm

Quoting Art (Reply 23):
The brand name must have some value. I hope someone buys it and carries it on. It would be nice to see a "proper" Alitalia (new management, new staff, no political support/interference).

Very good question.
Would be interesting to find out about the value of the brand "Alitalia", as it has tradition but also suffered damage over around ten years. Anyone up to do some research?  Wink

Successor - there are probably more possibilities, for example
- Air One buying a bunch of assets
- Creation of a successing company that takes over a large part of AZ's assets ("Swissair scenario")
- Some other airline buying parts of AZ and continuing with an alike name "Alitalia"

Any other likely possiblities??
 
Deguoren
Posts: 37
Joined: Thu Jul 05, 2007 5:52 pm

RE: Nobody Wants Alitalia

Wed Jul 18, 2007 5:09 pm

Quoting Panamair (Reply 24):
I believe MPGA is currently out of the bidding game. They were lining up with the Texas Pacific Group (TPG) - yes the same ones involved in QF and a host of other carriers - but TPG backed out. The Italian govt. had invited MPGA back to bid but MPGA's response has been lukewarm and unclear at best.

http://www.atwonline.com/news/story....=9587

MPGA's responses are always lukewarm and unclear.  Smile
Handelsblatt (source only in German) says they're still in: http://www.handelsblatt.com/news/Unt...r-one-verzichtet-auf-alitalia.html

Reuters (English) confirms: http://investing.reuters.co.uk/news/...INESS-ALITALIA-SALE-PULLOUT-DC.XML

My exchange ad hoc (non-public) also stated MPGA is still in. However, I do not know if they have joint bid with TPG.
 
SRMD11
Posts: 55
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 9:38 pm

Poor Italians! If nobody likes the whole Airline - so maybe someoone would like a single plane (for free)... I feel pitty and would take one of the MD-11's...  embarrassed 
 
Max777geek
Posts: 159
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 10:23 pm

Quoting HT (Reply 3):
So, what will be the future for AZ ?

bankrupt, split and sold.

Shame to say, if the flight operation does not raise any income, the maintenance
is still selling out well also to other companies, but the management is italian,
that's why. It's convenient to split and sell instead of rising up.
 
Max777geek
Posts: 159
Joined: Wed Mar 07, 2007 6:20 pm

RE: Nobody Wants Alitalia

Wed Jul 18, 2007 10:28 pm

Quoting SRMD11 (Reply 28):
Poor Italians! If nobody likes the whole Airline - so maybe someoone would like a single plane (for free)... I feel pitty and would take one of the MD-11's...

You would be very disappointed about the smell, if rumours about they have been left outside the maintenance hangar with food trolleys full for months turns out to be true..
 
ZRH
Posts: 4371
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 10:37 pm

Who is wondering? Even if I had the money I wouldn't touch AZ with a barge pole. You can be sure that short after the acquisition the unions will go strike.
 
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Revelation
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 10:38 pm

Quoting Shuggie (Reply 9):
Surely this must signal the beginning of the end for AZ ?

If a cat has nine lives, Alitalia has 9999 lives!

Quoting Centrair (Reply 13):
Liquidate and then AirOne can come in and buy up the good assets like the 777s, routes and maybe the name Alitalia cheap. Thus purchasing Alitalia but under its own terms. The brand is known world wide and if reborn with a new image (not livery wise) it can only help AirOne expand and profit.

I think if there was to be a liquidation, there'd be more than AirOne at the bidder's table.
Inspiration, move me brightly!
 
ehho
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 10:39 pm

Quoting F.pier (Thread starter):
Alitalia last possible customer decided to quit the offer.

Wow, I'm booking right away, always wanted to fly an empty plane!  duck 
"Get your facts first. Then you may distort them as much as you please" -- Mark Twain
 
scouseflyer
Posts: 2165
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RE: Nobody Wants Alitalia

Wed Jul 18, 2007 10:42 pm

Quoting Centrair (Reply 13):
Liquidate and then AirOne can come in and buy up the good assets like the 777s, routes and maybe the name Alitalia cheap. Thus purchasing Alitalia but under its own terms. The brand is known world wide and if reborn with a new image (not livery wise) it can only help AirOne expand and profit.

This is exactly what happened to the MGRiver car operations in the UK - they were in talks for ages with a Chinese consortium who pulled out, MGR went bang and the bidders were able to buy up the designs for not a lot (it was slightly complicated by a second bidder for some of the bankrupt stock but you get the idea).

And so it goes on - another EU country will soon lose it's independant flag carrier.......
 
flytuitravel
Posts: 489
Joined: Thu May 03, 2007 2:46 am

RE: Nobody Wants Alitalia

Wed Jul 18, 2007 11:57 pm

I really wish AZ would just hurry up and go bust! I know a lot of people will lose their jobs and I feel for them, but I'm sure they'll get a much better job somewhere else like AP, U2, 8I, I9.


FLYTUITRAVEL.
 
iL62M
Posts: 54
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RE: Nobody Wants Alitalia

Thu Jul 19, 2007 12:17 am

SU will probably get his bid back on track if they get new and "real" suggestion from the government of Italy.
There's the news link http://www.avia.ru/news/?id=1184754286

Sorry guys no time to translate (for now), probably later.

The key thing is that Italy's government wants winner of this auction to pay for 39.9% (out of 49.9) of government shares + 1 bln euro spent for restructuring of AZ. And that is too much for all bidders.

No official information on SU website though.
 
UAL777UK
Posts: 2132
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RE: Nobody Wants Alitalia

Thu Jul 19, 2007 12:29 am

Quoting Centrair (Reply 13):
Liquidate and then AirOne can come in and buy up the good assets like the 777s, routes and maybe the name Alitalia cheap. Thus purchasing Alitalia but under its own terms. The brand is known world wide and if reborn with a new image (not livery wise) it can only help AirOne expand and profit.

Just an idea.

Just an idea and one which i also suggested on another thread yesterday. The staff striking so often have shot themselves in the foot on this one. Sorry, its a sad thing to say but they will now have to live with the consequences of their past actions. Hopefully a new Alitalia will emerge with a new workforce under a different contract and terms and they can move forward and hopefully that owner will be Air One who pick up the pieces but who knows.
 
Fairchild24
Posts: 90
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RE: Nobody Wants Alitalia

Thu Jul 19, 2007 12:54 am

I wonder what Airline the Pope will use when AZ is gone
Perhaps it´s time for him to buy something of his own.

Pope Airlines, "If heaven can´t wait."  Smile

Cheers Göran
Radial engine does not leak oil, they only mark there territory
 
ScottB
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RE: Nobody Wants Alitalia

Thu Jul 19, 2007 2:11 am

Quoting Nzrich (Reply 12):
Striking when a airline could possibly go under does not seem the smartest move but then again thats exactly what happend with some of the big American carriers when they went through restructuring to stay alive .. Threats of strikes were made while the airlines were at risk ..

And the threats turned out to be empty in most cases, while in one case (Eastern), a strike led to the company's eventual failure. Arguably, if one of the recently bankrupt carriers had had a strike and shut down, things would have been a lot better for the other U.S. carriers and their respective employees.
 
pmg1704
Posts: 145
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RE: Nobody Wants Alitalia

Thu Jul 19, 2007 2:17 am

Hey that's what you get when you're:

Always Late In Takeoff, Always Late In Arrival!
 
airbazar
Posts: 6867
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RE: Nobody Wants Alitalia

Thu Jul 19, 2007 2:35 am

Quoting Centrair (Reply 13):
The brand is known world wide

Unfortunately it is known for all the bad reasons  Smile I can't think of any reason why anyone in their right mind and free will would buy a ticket on Alitalia.
 
sandrozrh
Posts: 2420
Joined: Sun Feb 04, 2007 12:19 am

RE: Nobody Wants Alitalia

Thu Jul 19, 2007 2:41 am

Some Union leader said in an interview with swiss TV that: Air One asked for a three years guarantee not to strike, and pulled out after we declined, even so, there's still a good chance of a new start of Alitalia

All i can do after hearing this statement is:  rotfl   rotfl 

On a sidenote: Alitalia's ground and flying personnell was on strike today, what a surprise Big grin This company really is a joke, the sooner it drowns, the better.
 
Airbus340
Posts: 123
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RE: Nobody Wants Alitalia

Thu Jul 19, 2007 3:28 am

I have a flight from BCN to YYZ on the end of August and flying back on mid September YYZ - MXP - FCO - BCN.
I hope I'll be able to travel!!

Quoting Airbazar (Reply 41):

Why? Well, for the adventure...In any case, I bought the ticket in January...I've flown to Canada and the USA on all major European airlines plus Air Canada except for Alitalia and Swiss. As I like Italy and it's Mediterranean way of living I thought I might try Alitalia and visit Rome on my way back before ending my vacation.

I hope I have the privilege to enjoy Alitalia before it ceases operations. Big grin
 
sandrozrh
Posts: 2420
Joined: Sun Feb 04, 2007 12:19 am

RE: Nobody Wants Alitalia

Thu Jul 19, 2007 3:32 am

Quoting Airbus340 (Reply 43):
except for Swiss

Shame on you!  Wink
 
Poitin
Posts: 2651
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RE: Nobody Wants Alitalia

Thu Jul 19, 2007 3:37 am

Quoting Centrair (Reply 13):
Liquidate and then AirOne can come in and buy up the good assets like the 777s, routes and maybe the name Alitalia cheap. Thus purchasing Alitalia but under its own terms. The brand is known world wide and if reborn with a new image (not livery wise) it can only help AirOne expand and profit.

This makes sense, given the employee issues. Better to start with a clean slate and get rid of the deadwood, of which there is a large forest.

Quoting Pmg1704 (Reply 40):
Hey that's what you get when you're:

Always Late In Takeoff, Always Late In Arrival!

At least they are consistent.
Now so, have ye time fer a pint?
 
mandala499
Posts: 6458
Joined: Wed Aug 29, 2001 8:47 pm

RE: Nobody Wants Alitalia

Thu Jul 19, 2007 3:40 am

Wonder what they're striking on?
Demanding that someone buys them? LOL
Imagine "AZ employees on strike in front of Air One HQ demanding Air One buys AZ with full union previledges."

*ROTFLOL*

Mandala499
When losing situational awareness, pray Cumulus Granitus isn't nearby !
 
Airbus340
Posts: 123
Joined: Sun Dec 10, 2000 3:05 am

RE: Nobody Wants Alitalia

Thu Jul 19, 2007 3:47 am

Quoting SandroZRH (Reply 44):
Shame on you! Wink

I have all the time in the world to fly them!  Smile I hope they (Swiss) change their interior colors...
 
airbazar
Posts: 6867
Joined: Wed Sep 10, 2003 11:12 pm

RE: Nobody Wants Alitalia

Thu Jul 19, 2007 4:11 am

Quoting Airbus340 (Reply 43):
Why? Well, for the adventure...In any case, I bought the ticket in January...

Contantly delayed or canceled flights; lost luggage; bad service; I guess you could call that an adventure  Smile
If all you expect from an airline is that it gets you there regradless of time, and without your luggage, then go for it.
 
art
Posts: 2679
Joined: Tue Feb 08, 2005 11:46 am

RE: Nobody Wants Alitalia

Thu Jul 19, 2007 4:25 am

Quoting IL62M (Reply 36):
The key thing is that Italy's government wants winner of this auction to pay for 39.9% (out of 49.9) of government shares + 1 bln euro spent for restructuring of AZ. And that is too much for all bidders.

I think that what is too much for all bidders is that the Italian government might want the company restructured but does NOT want any of the inevitably painful consequences of the company being restructured. Ideally the government would like some other entity to pick up the never ending losses. That's not going to happen.

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