what's happening at Azzurra?
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Resignations
I feel quite angry at seeing certain names on this thread. Guess you should know better.
Just because you see someone in Malta, that does not mean he has handed his resigntion!
If the captain you mentioned hands in his resignation than you can kiss goodbye to any hope of changes in Azzurra.
Airmalta has set up this operation in the first place (7 or 8 years ago). It has assigned certain responsabilities to certain people who merit it. These people have given their utmost to make the situation viable. They are no cowards. No Maltese has left the company for that reason. Their reasons were more than justified.
What I can tell you is that the Captain you mentioned and our ex chairman are trying to find solutions for Azzurra and for Airmalta.
I hope that you are satisfied with the above.
Just because you see someone in Malta, that does not mean he has handed his resigntion!
If the captain you mentioned hands in his resignation than you can kiss goodbye to any hope of changes in Azzurra.
Airmalta has set up this operation in the first place (7 or 8 years ago). It has assigned certain responsabilities to certain people who merit it. These people have given their utmost to make the situation viable. They are no cowards. No Maltese has left the company for that reason. Their reasons were more than justified.
What I can tell you is that the Captain you mentioned and our ex chairman are trying to find solutions for Azzurra and for Airmalta.
I hope that you are satisfied with the above.
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Avroliner
I said that I "heard" that he resigned, not because I saw him in Malta, but because that is what I "heard" from someone in ZS.
As this is a 'rumours' forum, it is the appropriate forum for this 'news', and as nobody else seems to have confirmed it, it quite possibly may be false information. If it is, my apologies, but I only repeated what I was told. We will find out, eventually.
As this is a 'rumours' forum, it is the appropriate forum for this 'news', and as nobody else seems to have confirmed it, it quite possibly may be false information. If it is, my apologies, but I only repeated what I was told. We will find out, eventually.
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Hi Roin Z,
I get your point, yet that does not jusify putting certain names, especially if it is based on what you heard from someone else.
Apart from that we are on Airlines, Aiports and routes forum now.
Yet I know you mean well, so I thank you for this thread you started. After all I does involve KM too..... not to mention certain KM pilots too.
A320 have been stopped it seems. 737 are off as from today (german registration ones)
So what does ZS have? NOTHING
All it has is what Airmalta has painstakingly put in.... hundreds of millions.
Maybe it would be wiser to invest the money poured down the bottomless pit (ZS), to be redirected towards improving KM pilot and captain salaries. Mr. Palmonella is a failure and KM should not try to negociate with him.
I get your point, yet that does not jusify putting certain names, especially if it is based on what you heard from someone else.
Apart from that we are on Airlines, Aiports and routes forum now.
Yet I know you mean well, so I thank you for this thread you started. After all I does involve KM too..... not to mention certain KM pilots too.
A320 have been stopped it seems. 737 are off as from today (german registration ones)
So what does ZS have? NOTHING
All it has is what Airmalta has painstakingly put in.... hundreds of millions.
Maybe it would be wiser to invest the money poured down the bottomless pit (ZS), to be redirected towards improving KM pilot and captain salaries. Mr. Palmonella is a failure and KM should not try to negociate with him.
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Azzurra flights out of Manchester were being operated by Air Malta this morning so one wonders if the 2 A320 might go to Air Malta to cover? answers on a post card
Golf India Bravo
Golf India Bravo
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things are definately not good at Azzurra...but the 320's do exist and fly and apparently the money to buy out Littoral has been raised and maybe even payed.
I read the 2 companies (azzurra and littoral) want to build a mediterranean regional network together.
we'll see...
In your dream there is money to buy Air Littoral!!!
In fact they are just a gang of crooks who wanted to rip off Air Littoral and began to lay down Fokker and ATR pilots to allow the RJ of azzura to fly.
the game is over, and Air Littoral will be finished by the end of the month.
I read the 2 companies (azzurra and littoral) want to build a mediterranean regional network together.
we'll see...
In your dream there is money to buy Air Littoral!!!
In fact they are just a gang of crooks who wanted to rip off Air Littoral and began to lay down Fokker and ATR pilots to allow the RJ of azzura to fly.
the game is over, and Air Littoral will be finished by the end of the month.
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Today is D-Day for Azzurra.
G7 have promised to buy-out Air Malta's 49% for E11m.this was agreed at the shareholders meeting on the 7 jan.
The shareholder capital is expected to arrive this AM, if not then it's end-game.
I wont even tell you how much in debt they are.
As for Air Littoral, this will not happen and G7 have terminated thier interest.
Not a nice position to be in. (waiting for money from G7 that is.)
Azzurra out of the blue?
G7 have promised to buy-out Air Malta's 49% for E11m.this was agreed at the shareholders meeting on the 7 jan.
The shareholder capital is expected to arrive this AM, if not then it's end-game.
I wont even tell you how much in debt they are.
As for Air Littoral, this will not happen and G7 have terminated thier interest.
Not a nice position to be in. (waiting for money from G7 that is.)
Azzurra out of the blue?
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every day is a D-Day for Azzurra......30th jan should be the last term for KM to decide for keepin on the affair or quit anyway it seems everything is covered under a great secret....no planes, no flights for this month, but in a few days the 2 german 737 should fly again (at least looking at roster...)
then from march should start the new fleet of 6 A320 up to june to be completed......
hope first one won't be the KM one hihihi
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Azzura RJ's at Exeter since mid Dec and KM has terminated the sub leases. Aircraft are financed to KM by a London Bank.
Would guess that the lease payments on all seven will be more than $1M USD per month in total - that would be a $12M loss over 12 months for KM plus cost of insurance, maintenance, parking etc
Expensive business........
Would guess that the lease payments on all seven will be more than $1M USD per month in total - that would be a $12M loss over 12 months for KM plus cost of insurance, maintenance, parking etc
Expensive business........
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Bye Bye Azzurra
Today is the very last day for Azzurra. Board meeting this afternoon, but no news until now. The Italian financial press reprted today the carrier will stop tomorrow its operations between BGY and FCO until further notice; it seems also that charter ops are suspended too. My personal understanding is that they run out of cash and require an immediate injection of 10 million euros.
The C.E.O., Mr. Capalbo also declared that flts "will be resumed in February" (with which money, a/c and to where?), and that "four aircraft are operational (B737s?) in a fleet of 13" (has he simply forgot that AirMalta repossessed the 2 A320s and that the RJ are sitting in a UK airport?).
We wil see if a white knight with real money will/has show/ed up at the Board meeting or if the saga will continue ...
In any event, bye bye Azzurra, the airline community will not miss you (it will never forget, your debt, wages and taxes not paid or delayed, etc.)
The C.E.O., Mr. Capalbo also declared that flts "will be resumed in February" (with which money, a/c and to where?), and that "four aircraft are operational (B737s?) in a fleet of 13" (has he simply forgot that AirMalta repossessed the 2 A320s and that the RJ are sitting in a UK airport?).
We wil see if a white knight with real money will/has show/ed up at the Board meeting or if the saga will continue ...
In any event, bye bye Azzurra, the airline community will not miss you (it will never forget, your debt, wages and taxes not paid or delayed, etc.)
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Surely it will not miss iceman51!!! Go back to your iceberg sunshine 
Anyway, till today salaries have been paid.
Azzurra was OK till maltese were in. Yet once an italian company stuck its finger in, the same old story happened. Just look at italian headline news!!
Could be bye bye for ZS, as has been with loads of other companies.... but it will be missed. Unfortunatly it will be remembered for the bitter end, for which niether KM nor any maltese are to blame.
Anyway, till today salaries have been paid.
Azzurra was OK till maltese were in. Yet once an italian company stuck its finger in, the same old story happened. Just look at italian headline news!!
Could be bye bye for ZS, as has been with loads of other companies.... but it will be missed. Unfortunatly it will be remembered for the bitter end, for which niether KM nor any maltese are to blame.
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Can't understand how, but after failed bids for Air Littoral and the Olympic, now Seven Group, in Azzurra's name, are after bankrupt Sobelair!!!
Can you believe it??? If they have any money at all, what are they waiting for to put it into Azzurra itself,which is desperately on the cliffedge. Or is this their plan to scam the Maltese out of their 49% on the cheap........or indeed even for free?
Can you believe it??? If they have any money at all, what are they waiting for to put it into Azzurra itself,which is desperately on the cliffedge. Or is this their plan to scam the Maltese out of their 49% on the cheap........or indeed even for free?
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RZ, I think that is exactly what their plan is at AZZURRA.
At the moment, since the compnay is not bankrupt KM's share is still worth something. I think Group 7 "want" to make AZZURRA go to the brink of bankruptcy and as soon as KM will see that its shares are about to become zilch, they will be tempted to sell them to Group 7 at a cut down price... and then, voila ... the Group 7 cash will appear to start the rebuilding of ZS.
At the moment, since the compnay is not bankrupt KM's share is still worth something. I think Group 7 "want" to make AZZURRA go to the brink of bankruptcy and as soon as KM will see that its shares are about to become zilch, they will be tempted to sell them to Group 7 at a cut down price... and then, voila ... the Group 7 cash will appear to start the rebuilding of ZS.
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Robin Z and 320Driver
The mystery goes on!! HA HA so they are after Sobelair !!!! The guy is saying too many different things to many different groups. When he meets certain people he says he will rebuild ZS based on 737, yet he says A320 to others. It does seem that Avros are out of the question.
There is going to be redimentioning of ZS, meaning that a circular issued on the 22nd Jan (promising that no jobs will be lost) is another piece of toilet paper. Good chance that half of the crews will be off payroll within the comming weeks. Cheeky guy to say the least.
Will he do the same to Sobelair?? He has already lost face with Air littoral (a great company with great potential, but iffy management). So many staff there have been fooled for too long. I would like to point out that most ZS pilots feel very sorry for how ZS chief has handled Lit. and I do hope that they will find a solution. (At least pilots there have JAR FCL)
As for ZS, any pilots who go will have to remain in Italy, which is still in the struggle for JAR FCL.
There is going to be redimentioning of ZS, meaning that a circular issued on the 22nd Jan (promising that no jobs will be lost) is another piece of toilet paper. Good chance that half of the crews will be off payroll within the comming weeks. Cheeky guy to say the least.
Will he do the same to Sobelair?? He has already lost face with Air littoral (a great company with great potential, but iffy management). So many staff there have been fooled for too long. I would like to point out that most ZS pilots feel very sorry for how ZS chief has handled Lit. and I do hope that they will find a solution. (At least pilots there have JAR FCL)
As for ZS, any pilots who go will have to remain in Italy, which is still in the struggle for JAR FCL.
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Just out of interest having played catch up with the developments at Azzura, the last post was a while ago, so what is the latest news are they back in the air yet?? Who is in the know???? Are the MAN ops operating and what is happening for summer 2004?? Some answers would be great!
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yeeee having idea of what's gona happen on summer 2004 is an utopia!!!!! they don't even know what will happen tomorrow!
At present time only one B737 is operating the scheduled flight BGY-FCO plus some charters (usually Marsa alam and Sharm-el-sheik).
This morning workers associations and management (all 7G now...) were discussing about the date they will pay our january salary........supposing to be on the value of 2nd of february, I really don't believe to see any money before the 10th of this month!
The 10th is also the ultimatum for 7G to give 16mil euros to recapitalize. Personally I never heard about Sobelair and Air Littoral seem to be out of question since last December!
A lot of different voices about the fleet (some say 737-800, someone else A320) seem to be only words to rise confusion.
Yesterday a crew sent to USA for A320 trainee was sent back and they went to UK (if I remember well) but also this course has been stopped and they came back to Italy!
Other voices say that azzurra will close for some months ...... don't know why, maybe just to wait Malta's entering EU...all this could be only a strategy!
About Azzurra UK I really don't know the exact position of the crew...I met some cabin crew few days ago at a medical test. What I think is that Azzurra UK will remain, will change name and will be the base for air Malta's low cost.
Anyway all these are only suppositions, you know......the less you work, the more you have time to think
At present time only one B737 is operating the scheduled flight BGY-FCO plus some charters (usually Marsa alam and Sharm-el-sheik).
This morning workers associations and management (all 7G now...) were discussing about the date they will pay our january salary........supposing to be on the value of 2nd of february, I really don't believe to see any money before the 10th of this month!
The 10th is also the ultimatum for 7G to give 16mil euros to recapitalize. Personally I never heard about Sobelair and Air Littoral seem to be out of question since last December!
A lot of different voices about the fleet (some say 737-800, someone else A320) seem to be only words to rise confusion.
Yesterday a crew sent to USA for A320 trainee was sent back and they went to UK (if I remember well) but also this course has been stopped and they came back to Italy!
Other voices say that azzurra will close for some months ...... don't know why, maybe just to wait Malta's entering EU...all this could be only a strategy!
About Azzurra UK I really don't know the exact position of the crew...I met some cabin crew few days ago at a medical test. What I think is that Azzurra UK will remain, will change name and will be the base for air Malta's low cost.
Anyway all these are only suppositions, you know......the less you work, the more you have time to think