FIX
Topic Author
Posts: 36
Joined: Thu Feb 09, 2017 9:13 pm

Ryanair has submitted non-binding bid for Alitalia

Mon Jul 24, 2017 10:05 am

Irish budget carrier Ryanair has submitted a non-binding bid for struggling Italian airline Alitalia, its chief financial officer said on Monday.

Alitalia filed in May to be put under special administration for the second time in less than a decade, starting a process that will lead to the airline being overhauled, sold off or wound up. It received about ten non-binding offers by a Friday deadline, a source told Reuters.

"We put a non-binding bid in," Chief Financial Officer Neil Sorahan told Reuters. "I can't say much more other than we think it is right to be involved in the process."

Chief Executive Michael O'Leary in June said Ryanair would seek a majority stake in Alitalia if it decides to invest.

But at other times he has indicated he was keen on cooperating with the business rather than buying it and was more interested in participating in the sales process than buying it.

Source:
https://www.reuters.com/article/us-airl ... SKBN1A90MW
 
MiddleEastMike
Posts: 62
Joined: Thu Jan 05, 2017 2:11 pm

Alitalia--- What If?

Wed Jul 26, 2017 6:39 pm

There's been much talk over the last year or so about the fate of the beleaguered Italian Carrier, with Etihad now making a non-binding offer to take sole control of the airline.

But, what if, Ryanair, Europes favourite Airline, or so they proclaim, were to acquire the remaining 51% of the airline, and purchase the remaining 49% from Etihad?

If so, with the assets (aircraft) to which they acquired, they turn Alitalia into a LCC long haul airline/Ryanair Longhaul, to challenge the likes of Norwegian, Eurowings, Level etc?

Thoughts everyone?
International Man of Mystery
 
Amsterdam
Posts: 380
Joined: Thu Mar 17, 2011 12:52 am

Re: Alitalia--- What If?

Wed Jul 26, 2017 8:39 pm

Alitalia has too high costs for normal operations
How is it going to do lcc long haul?

Ryanair wont take over alitalia in a form resembling alitalia


https://www.google.nl/amp/mobile.reuter ... SKBN1AA1MR
 
Jerry123
Posts: 321
Joined: Sat Dec 03, 2016 9:58 pm

Re: Alitalia--- What If?

Wed Jul 26, 2017 8:43 pm

If Ryanair wanted to do low cost long haul they'd be doing it. They wouldn't need to buy Alitalia to do it. If Alitalia goes bust Ryanair will expand in Italy and take over a lot of the routes but only the ones that make money.
 
FromCDGtoSYD
Posts: 305
Joined: Sat Mar 11, 2017 9:29 am

Re: Alitalia--- What If?

Wed Jul 26, 2017 9:16 pm

Jerry123 wrote:
If Ryanair wanted to do low cost long haul they'd be doing it. They wouldn't need to buy Alitalia to do it. If Alitalia goes bust Ryanair will expand in Italy and take over a lot of the routes but only the ones that make money.


You bet they'd happily take those LIN slots and say "Blablabla Air France is Satan's spawn blablabla"
 
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OzarkD9S
Posts: 5370
Joined: Tue Oct 23, 2001 2:31 am

Re: Alitalia--- What If?

Wed Jul 26, 2017 9:21 pm

FromCDGtoSYD wrote:
Jerry123 wrote:

If Ryanair wanted to do low cost long haul they'd be doing it. They wouldn't need to buy Alitalia to do it. If Alitalia goes bust Ryanair will expand in Italy and take over a lot of the routes but only the ones that make money.


You bet they'd happily take those LIN slots and say "Blablabla Air France is Satan's spawn blablabla"


Or something like that! I think LIN is the prize here for any airline wanting to feast on the carcass...not FCO.
Finally headed to DORKFEST! Sept 7, STL-LAX-PHX-STL. :cloudnine:
 
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Slash787
Posts: 913
Joined: Sat Jul 23, 2016 9:37 pm

Re: Alitalia--- What If?

Wed Jul 26, 2017 9:39 pm

Ryan Air has better things to do
 
Cunard
Posts: 2392
Joined: Fri Nov 11, 2016 6:45 pm

Re: Alitalia--- What If?

Thu Jul 27, 2017 1:51 am

They may well do but as I would just like to point out to yourself and to other posters of late that it is one word only Ryanair not Ryan Air same applies to other posters when they write Easy Jet rather than easyJet.
94 Countries, 327 Destinations Worldwide, 32 Airlines, 29 Aircraft Types, 182 Airports, 335 Flights.
 
Jerry123
Posts: 321
Joined: Sat Dec 03, 2016 9:58 pm

Re: Alitalia--- What If?

Thu Jul 27, 2017 7:52 am

OzarkD9S wrote:
FromCDGtoSYD wrote:
Jerry123 wrote:

If Ryanair wanted to do low cost long haul they'd be doing it. They wouldn't need to buy Alitalia to do it. If Alitalia goes bust Ryanair will expand in Italy and take over a lot of the routes but only the ones that make money.


You bet they'd happily take those LIN slots and say "Blablabla Air France is Satan's spawn blablabla"


Or something like that! I think LIN is the prize here for any airline wanting to feast on the carcass...not FCO.

Ryanair have to do something with those 100 MAX 200s they have on order!
 
steman
Posts: 1557
Joined: Wed Aug 09, 2000 4:55 pm

Re: Alitalia--- What If?

Thu Jul 27, 2017 7:55 am

I´ve heard that LH is in talks to buy Alitalia with the sole or main intent of preventing Ryanair from doing it themselves and get a dominant position in one of the biggest European market.
Although I am skeptical about this, it woulnd´t be that far fetched, considering that LH is helping preserve Air Berlin for the same reason. They´d rather help a competitor or buy it outright than let a much stronger and dangerous one gain too much power in their market.
But knowing Alitalia and the overall political/social situation around it, I think it would be a very bad move for LH. I hope they know what they´re doing.
 
CF-CPI
Posts: 1448
Joined: Sat Nov 18, 2000 12:54 am

Re: Alitalia--- What If?

Thu Jul 27, 2017 4:02 pm

MiddleEastMike wrote:
There's been much talk over the last year or so about the fate of the beleaguered Italian Carrier, with Etihad now making a non-binding offer to take sole control of the airline.


I'm resurrecting the Etihad/AZ thing in light of Etihad's recent huge loss >$1 billion, as reported in another thread. Why on earth would they throw more money at AZ, while bleeding money on their own?
 
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lightsaber
Moderator
Posts: 17690
Joined: Wed Jan 19, 2005 10:55 pm

Re: Alitalia--- What If?

Thu Jul 27, 2017 6:55 pm

CF-CPI wrote:
MiddleEastMike wrote:
There's been much talk over the last year or so about the fate of the beleaguered Italian Carrier, with Etihad now making a non-binding offer to take sole control of the airline.


I'm resurrecting the Etihad/AZ thing in light of Etihad's recent huge loss >$1 billion, as reported in another thread. Why on earth would they throw more money at AZ, while bleeding money on their own?


EY took a charge of about $800 million on AZ and AB. The other billion was devaluing aircraft to their current market value,

It will take significant reform to invest more in Alitalia.

Lightsaber
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