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The Italian Government is hoping to talk Air France KLM into picking back up their merger discussions with the revamped Alitalia, following their help in destroying the previous agreement between the two carriers earlier in the year. The revamped Alitalia has managed to continue doing business thanks to investments, but they will have to eventually [...]
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Sixteen investors have made an agreement to participate in a relaunch of Alitalia, which is part of that plan in saving the troubled carrier, according to news reports on Tuesday. Included in the investors is Roberto Colaninno, who is the Chairman of Piaggio, among other Italian businessmen. The reports say that the investors have developed [...]
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The flight attendants of Alitalia have made the decision to show how displeased they are about the recent movements that Italian government officials and the airline have taken, organizing a symbolic strike to last one minute. Experts within the aviation industry believe that this could set a precedent for the country, as there have not [...]
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Lufthansa has showed an interest in Austrian Airlines by holding intense talks with Austria’s government, according to Stefan Lauer, an executive board member. The German airline is also keeping an eye on Alitalia in the Italian market, he said on Wednesday. Leaders in the Austrian government said during last week that they would sell part [...]
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Some people believe that passengers don’t have to cry over some of the weaker airlines in Europe being put out of business because of the high price of fuel. Many of the airlines that are under a threat offer poor services, are surviving because their operations are conducted in a protected market, and fly very [...]
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Italy is closer to resolving the situation of keeping Alitalia from filing bankruptcy, says Claudio Scojola, the Industry Minister, and they are not ruling out probability of putting the airline under extraordinary administration, which is where the government appoints a special administrator to run a company in trouble so that it does not have to [...]
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On last Friday, Aristide Police, Alitalia’s chairman, casually remarked that the plan for the future of Alitalia is not constructed around the airline claiming bankruptcy or on the placement of debts separated into another entity. On the contrary, in a move planned to help the troubled carrier, Intesa Sanpaolo has been exploring a new strategy [...]
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An appeal that Alitalia made in a continuing inquiry about the state’s aid was rejected by the European Court of Justice. In its stuggles, Alitalia challenged the European Commission’s conditions on a state aiding a company for restructure. The latest ruling of the court doesn’t apply any new requirements to Alitalia and the European Commission [...]
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The CEO of Air France and the supporter not too long ago of the Alitalia purchase by the Franco-Dutch carrier, Jean Cyril Spinetta, has said that only an exorcism can now save Alitalia from claiming bankruptcy. This comment was passed along by AFP news early Friday, and then it was passed along to many news [...]