aclco
Posts: 10
Joined: Tue Jun 20, 2006 8:39 am

Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 6:09 pm

Six possible new buyers emerged for the first evaluation phase to buy Alitalia during this evening's administration council: Aeroflot, Air France-Klm, Air One (AP Holding), Texas Pacific Group, Cordata Baldassarre and Lufthansa.

"a more accurate evaluation of the intrested subjects will be done soon" said AZ in a pr note

here's the link, italian only sorry:
http://www.corriere.it/economia/07_ottobre_08/alitalia_candidati.shtml
 
bennett123
Posts: 7442
Joined: Sun Aug 15, 2004 12:49 am

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 6:14 pm

I thought that Aeroflot/Air One/Air France/KLM and Texas Pacific had already declined.
 
kiwiandrew

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 6:26 pm

Quoting Bennett123 (Reply 1):
I thought that Aeroflot/Air One/Air France/KLM and Texas Pacific had already declined.

silly boy ... that was on the last abortive attempt to flog the dead horse that is AZ , this is a new attempt ( presumably with different rules from last time )
 
sandrozrh
Posts: 2420
Joined: Sun Feb 04, 2007 12:19 am

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 6:28 pm

Quoting Bennett123 (Reply 1):
I thought that Aeroflot/Air One/Air France/KLM and Texas Pacific had already declined.

So did I. Wishful thinking on AZ's part?

LH is interesting, if they went ahead to buy AZ, they'd control a major part of Italy's domestic and Italy-Germany traffic, seeing as they control AP if i understand correctly. If the regulators will even allow it, which i doubt.
 
Humberside
Posts: 3223
Joined: Sun Jan 01, 2006 12:44 am

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 6:29 pm

Odd that LH would compete against their Italian partner Air One
Visit the Air Humberside Website and Forum
 
sandrozrh
Posts: 2420
Joined: Sun Feb 04, 2007 12:19 am

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 6:31 pm

Quoting Humberside (Reply 4):
Odd that LH would compete against their Italian partner Air One

Or very smart. This way they'll have two parties in the run.
 
Alitalia744
Posts: 3777
Joined: Thu Mar 30, 2000 8:22 am

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 6:52 pm

Here's a vote for AF/KL!
Some see lines, others see between the lines.
 
cloudyapple
Posts: 1261
Joined: Sun Jul 24, 2005 7:01 am

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 8:33 pm

http://money.cnn.com/news/newsfeeds/...cles/newstex/AFX-0013-20050942.htm

Quote:
Lufthansa says not interested in Alitalia
October 05, 2007: 05:18 AM EST

Deutsche Lufthansa AG reiterated that it is not interested in the troubled airline Alitalia SpA, after newspaper reports said the German carrier could be shortlisted as a potential buyer.

Good start. My bet is on the same outcome as the last round - the Italian government being the new owner of the offered shares.
A310/A319/20/21/A332/3/A343/6/A388/B732/5/7/8/B742/S/4/B752/B763/B772/3/W/E145/J41/MD11/83/90
 
cloudyapple
Posts: 1261
Joined: Sun Jul 24, 2005 7:01 am

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 8:43 pm

http://online.wsj.com/article/SB1189...5641625998.html?mod=googlenews_wsj

Quote:
Alitalia's Loss Narrows in First Half
By KENNETH MAXWELL
September 13, 2007

The 49.9% Italian-state-owned airline's net loss was €211.1 million ($292.1 million), compared with a year-earlier loss of €220.2 million. Alitalia didn't disclose second-quarter details.

The Rome-based company said that while its first-half revenue rose 3.1% to €2.31 billion from €2.24 billion a year earlier, operating costs grew 3% to €2.44 billion from €2.37 billion.

They are loosing 1 euro for every 10 euros in revenue. That is equivalent to 2.5 million euros PER DAY. Anyone remembers when the last time they were in the black? That sounds like a pretty healthy business, doesn't it?
A310/A319/20/21/A332/3/A343/6/A388/B732/5/7/8/B742/S/4/B752/B763/B772/3/W/E145/J41/MD11/83/90
 
LawnDart
Posts: 861
Joined: Fri May 20, 2005 11:33 pm

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 9:06 pm

These companies may or may not be interested in investing in AZ...this is a "short list" of corporations that Alitalia, along with their financial advisors Citi, have identified as possible investors and who AZ hopes to approach in the future.

The named parties have said nothing of their intentions, except for an occasional "no comment"...
 
macc
Posts: 895
Joined: Tue Nov 09, 2004 8:11 pm

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 9:23 pm

this is just another round of the same ol' game. will be interesting to see if it ends the same way again...
dont see LH ending up with it anyway.
I exchanged political frustration with sexual boredom. better spoil a girl than the world
 
HT
Posts: 5857
Joined: Sat May 07, 2005 6:20 am

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 9:34 pm

How many threads did we have on this topic about AZ yet ?

Nobody from outside Italy, and who is right in his mind, will buy AZ. There are simply too many hurdles in this ...
 twocents 
-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 !
 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 9:40 pm

I am only wondering how many € those "buyers" get when they take this airline.
 
PhilV
Posts: 27
Joined: Wed Feb 25, 2009 1:25 pm

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 9:48 pm

The German TV station N-TV just quoted LH, saying that they are interested in talks with AZ, but they demand a higher cooperation by AZ.

http://www.n-tv.de/863198.html (German)

So, lets see what will happen.
 
adicool
Posts: 169
Joined: Tue Apr 10, 2007 8:38 am

RE: Alitalia: Six Possible New Buyers

Mon Oct 08, 2007 10:20 pm

The problem with AZ is that they don't really have a special focus in their network. They neither have a strong presence in Latin America, nor in Africa, North America or Asia. Integrating AZ into one carrier's network won't be that easy. And the fact that we are not talking about full ownership but only 49,9% of the company also makes thing delicate.
I really don't think buying AZ would be the smartest move for LH...they should rather focus on BD!
 
797
Posts: 1386
Joined: Wed Aug 10, 2005 8:51 am

RE: Alitalia: Six Possible New Buyers

Tue Oct 09, 2007 4:01 am

Quoting Alitalia744 (Reply 6):
Here's a vote for AF/KL!

At this point I just don't know what would be best for AZ. Their daily loss is so huge that seeing them arise from the fire they've been in for so long, seems quite impossible and even more to find anyone who could save them.

Actually, I still can't see how Swiss is so good after the trouble they were in.

I'd go for AF/KL too... now I guess its just a matter of time.
Flying isn't dangerous. Crashing is what's dangerous!
 
adicool
Posts: 169
Joined: Tue Apr 10, 2007 8:38 am

RE: Alitalia: Six Possible New Buyers

Tue Oct 09, 2007 1:58 pm

Quoting 797 (Reply 15):
Actually, I still can't see how Swiss is so good after the trouble they were in.

kudos to LH!
 
Pe@rson
Posts: 16004
Joined: Sat Jan 13, 2001 6:29 pm

RE: Alitalia: Six Possible New Buyers

Tue Oct 09, 2007 2:49 pm

Aliworstalia should be confined to the history books.

Ryanair. Italy's favourite airline.
"Everyone writing for the Telegraph knows that the way to grab eyeballs is with Ryanair and/or sex."
 
art
Posts: 2679
Joined: Tue Feb 08, 2005 11:46 am

RE: Alitalia: Six Possible New Buyers

Tue Oct 09, 2007 5:14 pm

I hope that the Italian govt has the good sense to offer it for sale without lots of strings attached. Nobody wants to buy it with the strings attached.