PIEAvantiP180
Topic Author
Posts: 520
Joined: Tue Sep 15, 2009 6:04 am

DL, EasyJet bid for a stake in AZ

Fri Nov 02, 2018 5:15 pm

I posted this news yesterday and for some reason the post got deleted. Mods any explanation plz?

DL, EasyJet and Italian railway company are interested in investing into AZ, according the the press release IT gov already has 2 confirmed bids and the 3rd company at the moment of the interested parties is being identified as having strong interest. The article does not mention of the 3 parties who confirmed bidder and interested party. I'm wondering if DL even as good as their management is at running an airline can do anything of the mess that is AZ. I'm sure DL is interested in keeping AZ in Skyteam and keeping them involved in the Atlantic JV to funnel traffic in and out IT from US.

https://finance.yahoo.com/news/alitalia ... 23679.html
"(Bloomberg) -- Italy’s Alitalia SpA attracted bids from European discounter EasyJet Plc and U.S. giant Delta Air Lines Inc., as the government renews attempts to sell the bankrupt flag-carrier.

U.K.-based EasyJet said in a statement Wednesday that it submitted a revised expression of interest in Alitalia, while Delta also presented a proposal. Italian state railway company Ferrovie dello Stato said it also made an offer.

The bids raise the prospect of Alitalia gaining multiple owners, with EasyJet bringing its expertise to bear on short-haul operations, and Atlanta-based Delta helping to run lucrative long-haul flights out of Milan and Rome. Ferrovie would most likely act as an anchor investor.

State-appointed administrators for Alitalia confirmed that two binding bids had been received, together with one expression of interest, without saying who they were from. Economic Development Minister and Deputy Prime Minister Luigi Di Maio said that “finding an industrial partner is going to be key.”
 
evank516
Posts: 1972
Joined: Wed Mar 01, 2017 12:15 am

Re: DL, EasyJet bid for a stake in AZ

Fri Nov 02, 2018 5:19 pm

Alitalia is SkyTeam, so I can see why DL would bid.
 
axiom
Posts: 869
Joined: Mon Aug 10, 2015 10:39 pm

Re: DL, EasyJet bid for a stake in AZ

Fri Nov 02, 2018 5:23 pm

Your post was likely merged into the Alitalia bankruptcy thread, where this is being discussed.
 
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SQ22
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Joined: Sat Feb 25, 2012 9:29 am

Re: DL, EasyJet bid for a stake in AZ

Fri Nov 02, 2018 5:24 pm

There is an ongoing thread about this topic, your post has been moved into this thread:

viewtopic.php?f=3&t=1360383

Please continue your discussion there.

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