Alitalia
Personally I think that all the low cost carriers Ryanair, EasyJet and vueling will all base extra aircraft in Italy ASAP so that when AZ does go there is others already waiting to carry there pax.
Is there many routes that are not currently serve by other airlines or does AZ have competition on most routes
Is there many routes that are not currently serve by other airlines or does AZ have competition on most routes
Perhaps unsurprising but IAG and AF-KL have both ruled themselve out from getting involved with any attempt to save Alitalia. Lufthansa and Norwegian ruled themselves out a while ago. Easyjet are actively interested in opportunities post Alitalia collapse. The Italian Govt had ruled out a full-scale bailout
I suppose there is still the longshot of HNA but options right now seems meagre
I suppose there is still the longshot of HNA but options right now seems meagre
Last edited by davidjohnson6; 17th May 2017 at 11:08.
New routes for Alitalia !
Alitalia will launch new long haul routes to Los Angeles, Delhi and the Maldives. I had imagined that passengers would be cautious (ie lousy ticket sales) about paying funds many months ahead for a product that may very well not materialise or cause them to be stranded in a city far from home but perhaps I am just a bit negative
I used to think that airlines in trouble would typically cut out any new high risk launches and focus on getting the existing business stabilised but maybe I'm missing something here...
I used to think that airlines in trouble would typically cut out any new high risk launches and focus on getting the existing business stabilised but maybe I'm missing something here...
There seems to be no penalty for destroying yields using other people's money in this case those owed money by Alitalia and the italian state. Air Berlin appears to have been doing the same thing, losing millions a day while selling seats at dumping prices. The employees of other airlines are also losing out, as lower ticket prices directly affect the financial health of their own companies.
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A decade ago, I needed to fly from Amsterdam to Rome and opted for KLM purely because I feared Alitalia was bout to go out of business.
This is the longest goodbye in history.
This is the longest goodbye in history.
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Air Berlin appears to have been doing the same thing, losing millions a day while selling seats at dumping prices. The employees of other airlines are also losing out, as lower ticket prices directly affect the financial health of their own companies.
In early 80's I was in the UK charter airline business. Laker had screwed it self over buying too many Airbuses. It tried to survive by creating cash flow and dumping seats on the charter market. Competitors followed suit. Laker went bust anyway and we were penalised with lower T's & C's. Hindsight is wonderful. We should not have dropped prices & standards.
Ah. Look what LoCo's have done to the traditional industry. Yes; they have broken the cartel of prices, but T's & C's have also suffered, badly. However, there major majors seem to have kept acceptable standards for pax, maintained reasonable T's & C's and still make handsome profits. It takes team work. Unfortunately in some LoCo's that is lacking and the balance of power is one sided. It just takes common sense team work for a common goal and less greed on both sides.
In early 80's I was in the UK charter airline business. Laker had screwed it self over buying too many Airbuses. It tried to survive by creating cash flow and dumping seats on the charter market. Competitors followed suit. Laker went bust anyway and we were penalised with lower T's & C's. Hindsight is wonderful. We should not have dropped prices & standards.
Ah. Look what LoCo's have done to the traditional industry. Yes; they have broken the cartel of prices, but T's & C's have also suffered, badly. However, there major majors seem to have kept acceptable standards for pax, maintained reasonable T's & C's and still make handsome profits. It takes team work. Unfortunately in some LoCo's that is lacking and the balance of power is one sided. It just takes common sense team work for a common goal and less greed on both sides.
Deadline for nonbinding expressions of interest in purchasing Alitalia (or its assets) has now passed. Commissioners are presumably now opening the envelopes as I type this message
RAI reports that Lufthansa has confirmed no interest, but rumours exist that Delta or a private equity fund (Cerberus or Indigo Capital) might wish to proceed further in the process
RAI reports that Lufthansa has confirmed no interest, but rumours exist that Delta or a private equity fund (Cerberus or Indigo Capital) might wish to proceed further in the process
Last edited by davidjohnson6; 5th Jun 2017 at 18:20.
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Why on earth would anybody want to invest in Alitalia, especially a private equity fund if it can't asset strip or show a return in a few hours. Alitalia has a poor reputation, it loses money faster than it can be pumped in and has a workforce that is in total denial. Certainly the Italian market is worth some investment, once the EU have sorted its banking problems (some nasty medicine may have to be taken). Once that is done, existing market players will expand and/or either new operators will move in. But it won't be Alitalia. After all, it can't be illegally subsidised (again) by its government. Surely not...
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Trojan horse?
What's it's fleet like.
Buy airline having negotiated all liabilities, pensions etc... to state then start again with new t&c's on same frames, licences. Axe/shrink short haul.... and get hold of LH frames currently not available cheaply by other means. Can think of one party who has some previous and has a current wish list!
Buy airline having negotiated all liabilities, pensions etc... to state then start again with new t&c's on same frames, licences. Axe/shrink short haul.... and get hold of LH frames currently not available cheaply by other means. Can think of one party who has some previous and has a current wish list!
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What's it's fleet like.
There are many EI- reg a/c. What's the consequence of shutting up shop? What would the consequence be if anyone else tried to take them over?
There are many EI- reg a/c. What's the consequence of shutting up shop? What would the consequence be if anyone else tried to take them over?
Reuters reports that 32 nonbinding expressions of interest in Alitalia were received by the commissioners. Some of these may be simply a rival wanting just a sneaky look at the books of Alitalia with zero intention of ever making a binding bid