Air Italy tried that and lost tremendous amounts of Qatari money.
air italy were overloaded with staff coming from old meridiana thanks to italian magistrates voiding previous downsizing maneuvers. Staff thought themselves as OLB centered airline, not accepting MXP, same thing that happened with old AZ staff thinking themselves as FCO based, and obtaining that thanks to governement and unions.
No chance to successfully operate in these situation, but mind you, QR wanted to continue the business but as a minority shareholder could not decide, it was the actual owner who decided to close, because he was not patient for the results to improve and could not bear the trauma of cutting ties with sardinia where he has many investments.
I remember having to argue with you about my theory that Air Italy would collapse.
That QR wanted to invest further is not true. They did say that in PR-talk to make their failure look good.
The Sardinian government offered QR to take over the majority stake and invest in Air Italy together, but QR did not show any interest.
https://www.unionesarda.it/articolo/eco ... 89172.html
In serata, invece, era arrivata la mossa del governatore Christian Solinas, con la conferma della disponibilità della Regione Sardegna di investire su Air Italy con il 51%, attraverso la Sfirs, ovvero la società
finanziaria regionale. "Stiamo verificando, sia dal punto di vista giuridico sia industriale, la percorribilità di questa strada", ha detto Solinas.
A stretto giro è però arrivata la frenata di Qatar Airways, socio di minoranza della compagnia, che attraverso fonti ha fatto sapere: "Non c'è più interesse a continuare ad investire in Air Italy".
Translation: In the evening, the Sardinian governor Christian Solinas made a move, with the confirmation of the availability of the Sardinian Region to invest into Air Italy with 51% through the SFIRS, the regional financial company. " We are verifying, both from the legal and industrial point of view, whether this road is an option" Solinas said.
However, very shortly after, Qatar Airways, the minority shareholder, has said through sources that there no longer is interest to invest in Air Italy.
The Aga Khan Foundation, the majority owner, no longer has investments in Sardinia and has sunk money into IG for many decades.
Alitalia being nationalised is a very good thing, something that I suggested.
Italy is highly dependent on the tourism sector and agriculture. The more you go South, the more this is marked.
It's thus important to have a national airline that serves public interests.
Most AZ competitors are first in to make money in the Italian market over the high season, but in the winter, they retreat so much that Italians are left with no travel options were it not for AZ operating at a loss.
The big problem of Italy is its geography and having an airport in every city.
It takes a very clever strategy to turn that into an advantage.
There are ways to make an Italian airline profitable, it's just not as simple when you don't enjoy a monopoly and have everyone and their mother operating flights into your home market.