According to the economic section of the Corriere della Sera, Alitalia is being nationalized again into a new corporation, with a 35% ownership of the national railroad company ( Ferrovie dello Stato ) and a 15 % ownership of the Italian Department of Commerce ( Ministero dell’ Economia ). Probably the most singular stipulation of this project is that the Italian government plans to complete it in five days from now, by July 15, without any possibility of extension. In addition, although Delta Air Lines will own 10 % of the remaining shares, 40 % of ownership, valued at € 300MM, still has not being sold. Potential offerors include Claudio Lotito, owner of the Serie A soccer team S. S. Lazio, the Toto Group, which manages the country’ s autostrade ( the country’ s toll highways ), and Avianca’ s German Efromovich, who recently started bankruptcy proceedings in Brazil. Still, none of these candidates appeal neither to the transaction advisor, Mediobanca, not to the state government. In addition, Delta Air Lines is strongly opposing ownership by German Efromovich.
Overall, the article highlights how AZ is doing overall better, with revenue growth of 4.40 % compared to June 2018, , with an increase of 2.20 % of transported passengers ( the article does not mention the benchmark month ), and with an overall improvement in punctuality.
Source ( in Italian ): https://www.corriere.it/economia/aziend ... ba66.shtml