The Italian government has signed paperwork creating a new aviation company, beginning the restructuring of much-troubled Alitalia. The move comes as part of wider €3 billion recapitalisation of the company in the wake of the Covid-19 pandemic. “The re-founding represents the first step towards creating a high-quality transport company that is competitive on the international […]
Delta Air Lines and easyJet have confirmed they are in talks over the future of Alitalia. The American carrier and UK-based low-cost airline confirmed they have linked with Italy’s state-backed railway company Ferrovie dello Stato to examine a bid for the flag-carrier. Alitalia was placed in administration in 2017 after part owner Etihad Airways and […]
easyJet submitted a revised expression of interest in a restructured Alitalia. The move comes as aviation insiders prepare for a winter of consolidation in the sector as rising fuel prices challenge the finances of weaker carriers. easyJet said its submission, which is in response to the new Italian government’s ongoing sales process, is consistent with […]
The Italian authorities opened an investigation to determine whether or not Etihad Airways was directly responsible for the bankruptcy Alitalia declared on May 11, 2017. The probe started on May 22, 2018, by a police raid in the headquarters of the Italian flag carrier. The prosecutor of Civitavecchia court (where the headquarters are located) opened […]
After declaring bankruptcy in March 2017, the Italian flag carrier Alitalia is still on auction, struggling to find suitable bidders. Germany’s Lufthansa, British low-cost carrier EasyJet and U.S. private equity fund Cerberus are among companies that have already been named as potential buyers, while it appears that Air France-KLM prefers to bid incognito. The latest […]
Ryanair – currently the largest European airline by number of passengers flown – has recently repeated its interest to buy the trouble-ridden Italian airline. However, the Irish have several important conditions that need to be fulfilled first – Alitalia must be restructured and Ryanair must possess the majority stake in the end. Michael O’Leary, Ryanair’s […]
Italy’s flag carrier Alitalia has started bankruptcy proceedings for the second time in the last ten years after its employees said ‘no’ to cuts that would have followed the $2.2 billion recapitalization plan purposed to save the struggling carrier. The airline’s shareholders have voted in favor of special administration, according to a statement issued on […]
Alitalia, the flag carrier of Italy, is facing an uncertain future after its workers revolted against an agreement inked several weeks ago between the company and its unions. The controversial deal involved cutting salaries and positions. According to the deal, headcount was supposed to be reduced by up to 2,000 permanent and temporary roles in […]
