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Old November 3rd, 2008, 12:02 AM   #341
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Alitalia buyers confident of relaunch by Dec
Published: 2008/11/03

MILAN: Investors bidding for Italian airline Alitalia are confident they can relaunch it by December 1 even though its pilots and flight attendants still reject the deal.

The group, Compagnia Aerea Italiana (CAI), filed a binding offer on Friday after a week of hard bargaining with the airline’s myriad unions.

The group did secure the support of four unions which carry most of the clout.

CAI chief executive Rocco Sabelli told the La Repubblica newspaper yesterday that he hoped those who were still holding out would eventually change their minds. - Reuters
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Old November 3rd, 2008, 04:33 AM   #342
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Looks like the newswire edition has more details :
Alitalia buyers confident of relaunch by December

MILAN, Nov 2 (Reuters) - Investors bidding for Italian airline Alitalia are confident they can relaunch it by December 1 even though its pilots and flight attendants still reject the deal.

The group, Compagnia Aerea Italiana (CAI), filed a binding offer on Friday after a week of hard bargaining with the airline's myriad unions.

Although it did not win over the pilots and flight attendants, it did secure the support of four unions which carry most of the clout.

CAI Chief Executive Rocco Sabelli said he hoped those who were still holding out would eventually change their minds.

"I am convinced that in the end we will embark on this adventure of relaunching Alitalia with them," he told the La Repubblica newspaper on Sunday. "By the first of December we can take off."

CAI's offer ended months of national angst over the future of Alitalia, which risked being grounded in coming weeks for lack of funds.

Its pilots and flight attendants had accepted the idea of the takeover, but they rejected the final offer because of the terms and conditions of new labour contracts.

One of their union leaders scoffed at the idea that the new Alitalia could fly without them. "They will put planes in flight with the baggage handlers? I wish them luck," Massimo Notaro of Unione Piloti told the Corriere della Sera newspaper on Saturday.

Regardless of the position of the five recalcitrant unions, CAI Chairman Roberto Colaninno said his group would call each of their members to offer them a job at the new airline.

"We will hire flight personnel using a roll call," he said in an interview published in Sunday's Il Sole 24 Ore newspaper. "We will not surrender ourselves to ... blackmail."

Neither Sabelli nor Colaninno would divulge their offer price for the best assets of Alitalia, but they plan to raise 1.1 billion euros to pay for the purchase and relaunch. Il Sole 24 Ore said CAI was offering around 350 million euros.

FINAL HURDLES

Before it can go ahead with its plans, CAI first needs to get approval from Alitalia's bankruptcy commissioner and a decision is expected in the next two weeks.

CAI also wants to wait for the European Commission to decide whether a 300 million euro loan given to Alitalia by the Italian government broke EU rules banning state aid. In the case that it is seen as illegal, CAI does not want to assume the liability.

Italian newspapers said on Sunday that EU Transport Commissioner Antonio Tajani had proposed relegating the loan to the part of the airline that CAI did not want.

CAI is also on the verge of a deal with Air One, a smaller Italian carrier with which it will merge the new airline. The final touch will be finding a foreign partner, the most favoured candidates being Air France-KLM and Lufthansa. CAI is expected to announce its choice by mid-November.
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Old November 4th, 2008, 05:23 PM   #343
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Angry Alitalia pilots, flight staff eye next move

ROME, Nov 3 (Reuters) - Alitalia pilots and flight staff who have rejected new job contracts offered by a group of businessmen taking over the bankrupt carrier said they would "take any action needed" if their demands are not met.

More than 1,000 Alitalia pilots, flight assistants and other staff gathered on Monday in the dining hall of Rome's main airport to hear union officials speak amid speculation they may launch mass protests or strikes to cripple the airline.

CAI presented a binding offer for Alitalia's best assets last week despite winning the backing of only four major unions out of Alitalia's nine labour groups on new work contracts.

The remaining five unions -- who represent pilot and flight staff -- rejected the contracts arguing they discriminated against mothers with small children or employees with handicapped family members. CAI denies the accusations.

"We received a mandate to take any necessary initiative if the government and CAI show no flexibility," Andrea Cavola of the SDL union told Reuters after the meeting.

He declined to say what type of initiatives were discussed.

The investor group now plans to approach pilots and flight staff directly to offer them a job, with the carrier's relaunch by early December hinging partly on what the employees decide.

Local media reports said the head of the Anpav union Massimo Muccioli was forced to leave Monday's meeting under a hail of boos and insults, in a sign not all pilots and staff supported their unions' decision to oppose the CAI deal.

"I walked into the meeting and found myself before a true and real ambush," Muccioli said.

"Not being able to explain the motives of my union, I had to leave the meeting."

However Cavola said Anpav backed the call for action if CAI does not accept to review the job contracts. (Writing by Deepa Babington; Editing by Hans Peters and Tim Dobbyn)
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Old November 5th, 2008, 04:30 PM   #344
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CAI Ready To Hire Ryanair Pilots If Necessary - Paper
5 November 2008

MILAN (Dow Jones)--CAI, the Italian consortium that is ready to take over the majority of Alitalia SpA (AZA.MI) assets, is going to hire pilots of Irish low-cost airline Ryanair Holdings PLC (RYA.DB) if Alitalia pilots decide not to sign the already offered contract, CAI chairman Roberto Colaninno said Tuesday.

In a report in Italian daily Il Messaggero Wednesday Colaninno is quoted as saying that if necessary the consortium will hire pilots from other carriers, "maybe also Ryanair."

Newspaper Web site: www.ilmessaggero.it
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Old November 7th, 2008, 06:19 PM   #345
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Transport in Italy: Trains v planes
8 November 2008
The Economist

The revived Alitalia will face growing competition

APPARENTLY at ease with risk, the businessmen and bankers who are investing in the phoenix-like rebirth of Alitalia submitted an offer for the airline’s assets to the bankrupt flag-carrier’s administrator on October 31st, even after failing to convince pilots and cabin crew to sign new contracts. But although fuel costs have fallen lately, the outlook for aviation has worsened. The economic slowdown is weakening demand. And now fierce competition is threatening the airline’s services between Rome and Milan--a core part of its business.

On November 3rd easyJet, one of Europe’s leading low-cost operators, began operating four flights a day from Fiumicino, Rome’s main airport, to Malpensa, Milan’s second airport. But an even greater danger to a reborn Alitalia may be that posed by trains. Allowing for journeys to and from the airports and the time needed for check-in, security and boarding, a trip from central Rome to central Milan by plane takes well over three hours. The quickest train takes just over four hours. But on December 15th a 182km (114 mile) section of new track will open between Bologna and Milan, cutting the journey time by about half an hour. And at the end of next year 79km of high-speed track between Florence and Bologna should enter service, reducing the one-hour travel time between the two cities by almost half.

Moreover the threat does not just come from Trenitalia, the state-owned rail operator. Last month Nuovo Trasporto Viaggiatori (NTV), a private-sector operator headed by Luca di Montezemolo, Ferrari’s boss, revealed plans to operate high-speed trains between cities including Rome, Milan, Turin and Venice, starting in 2011, with 13 trains a day between Rome and Milan.

Mr di Montezemolo is sure he and his fellow investors are on to a winner. "Italy is a country made for high-speed trains. There is nothing to be gained from investing in airlines," he says. Intesa Sanpaolo, Italy’s biggest bank, which owns 20% of NTV, agrees with him--up to a point. It is hedging its bet with a large stake in the firm resurrecting Alitalia.
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Old November 8th, 2008, 05:33 AM   #346
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BA boss says it has 'exciting proposition' for Alitalia: report
7 November 2008
Agence France Presse

The chief executive of British Airways has expressed strong interest in a commercial alliance with Alitalia, the Financial Times reported Saturday.

"We believe we have made a very credible and potentially exciting proposition for the new company (Alitalia)," Willie Walsh told the daily business newspaper.

Italian investor group CAI last week submitted a binding offer to take over failing Alitalia for 325 million euros (415 million dollars).

The Italian carrier, which is 49.9 percent state-owned, is losing about three million euros a day and has debts of some 1.2 billion euros.

The new concern will need the participation of an established foreign airline to remain viable and Air France-KLM and Lufthansa are among others to express interest.

The FT quoted Walsh as saying that BA was not interested in investing an equity stake in Alitalia and had been assured by CAI that this would be no impediment to the airlines forming a commercial alliance.

Walsh's comments were published the day after BA announced a 91.6 percent plunge in half-year profits amid tough trading conditions and high fuel prices.

Shares in the airline surged as the figures were better than analysts predicted.
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Old November 12th, 2008, 05:18 PM   #347
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EU approves Alitalia rescue, strikes ground flights

BRUSSELS/ROME, Nov 12 (Reuters) - The European Commission on Wednesday approved an Italian bailout of Alitalia and said the airline's new owners would not have to repay an illegal government loan, clearing a major hurdle in a deal to revive the carrier.

But Alitalia employees opposed to the CAI investor group's 375 million euro ($473.4 million) takeover -- which is contingent on EU approval -- continued protests against the deal for a third day, forcing the cancellation of 50 flights.

The Commission determined a 300 million euro loan to the airline in April was illegal state aid, but the EU transport commissioner said the obligation to repay it would rest with Alitalia's assets languishing under bankruptcy rather than CAI.

"The debts have to be paid back by the old Alitalia," EU Transport Commissioner Antonio Tajani, a former aide to Italian Prime Minister Silvio Berlusconi, told a news conference.

CAI was keen to avoid having to repay the loan, and Italy's government had sought to ensure that CAI was protected, by stating that any repayment obligation should be tied to those Alitalia assets not being acquired by the investor group.

The Commission said Alitalia's operations must be sold to CAI -- the only bidder in the airline's third attempt at selling itself -- at market price, to ensure creditors get their money back.

PROTESTS FLARE

Alitalia filed for bankruptcy in August after two failed attempts to find a buyer, weighed down by high labour costs, frequent strikes, rising oil prices and mismanagement.

CAI's offer -- which allows it to cherry-pick Alitalia's best assets, while leaving the rest to the Italian state -- must also be approved by Alitalia's bankruptcy commissioner. He has hired two independent advisers to value the airline's assets.

CAI offered 275 million euros for Alitalia's core flight operations, 100 million euros in a mix of cash and debt for its various units, and will take on debt worth 625 million euros.

Once the takeover is wrapped up, CAI is expected to choose either Air France-KLM or Lufthansa as a foreign partner. The chosen airline will likely enter with a 20 percent stake.

CAI is pressing ahead with its offer despite resistance from pilots and cabin crew unions, who reject new work contracts proposed under the takeover as discriminatory against workers with disabled family members and small children.

CAI denies the accusations, and says the unions are trying to dictate whom to hire.

Protests that cancelled more than 200 flights this week entered their third day on Wednesday, causing more misery for travellers, and prompting Alitalia to order its lawyers to start legal proceedings over the disruption.

Berlusconi, who has made salvaging Alitalia a key part of his third term in office, was quoted in the Corriere della Sera newspaper as saying that the situation at Alitalia was "intolerable", and promising to prosecute the protesters.
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Old November 13th, 2008, 07:43 AM   #348
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EU says Alitalia must pay back 300 mln euro loan

BRUSSELS, Nov 12 (Reuters) - Alitalia, not CAI, must pay back a 300 million euro ($379 million) government loan that the European Commission says was illegal, the EU Transport Commissioner said on Wednesday.

The European Commission confirmed earlier on Wednesday it had given Italy the go-ahead to start selling Alitalia assets to the CAI investor group.

"The debts have to be paid back by the old Alitalia," Antonio Tajani told a news conference. "The loan has to be paid back by Alitalia, by the airline itself."
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Old November 13th, 2008, 04:35 PM   #349
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Alitalia protests continue, govt eyes legal options

ROME, Nov 13 (Reuters) - Protests by Alitalia employees opposed to a takeover by Italian businessmen stretched into a fourth day on Thursday, cancelling more than 20 flights and prompting authorities to mull legal options to end disruptions.

A group of Alitalia workers held an impromptu 24-hour strike on Monday and have since been following a strict "work-to-rule" protest that has caused delays, cancelled nearly 300 flights and heaped misery on travellers across Italy.

Alitalia's pilot and cabin crew unions have been up in arms over the planned introduction of new work contracts after the takeover by the CAI investor group, but they too have distanced themselves from the latest protests, blaming them on a small group of renegade workers.

Italy's centre-right government, which backs the CAI takeover, has struggled to get the protesters back to work, and the labour minister urged public prosecutors to intervene as Italian television played images of frustrated travellers.

Local media reports said the dead body of a woman, due to be flown to Albania, was still languishing in Rome's Fiumicino airport due to the protests, while Monday's strike cancelled a flight carrying 10 billion euros for the Bank of Italy.

The precious cargo later took off on a government aircraft.

"At this point it's a question of public order, because from my point of view there has been illegal behaviour," said Labour Minister Maurizio Sacconi. "The work-to-rule protest should be looked at carefully by prosecutors because the law is not to be followed just to the letter."

An Italian commissioner overseeing strikes said the "work-to-rule" protests were just as illegal as Monday's wildcat strike.

Italy's civil aviation agency Enac also fined Alitalia 250,000 euros over the lack of assistance provided to passengers during the disruption this week, and is mulling other penalties against the airline, Enac spokeswoman Loredana Rosati said.

The CAI group of top Italian businessmen is proceeding with the takeover -- which foresees it cherry-picking Alitalia's best assets, while leaving the rest to the Italian state -- despite the resistance, and won EU approval for the deal on Wednesday.

CAI has offered 275 million euros ($343.5 million) for Alitalia's core flight operations, 100 million euros in a mix of cash and debt for its various units, and will take on additional debt of 625 million euros.

Once the deal is wrapped up, CAI is expected to choose either Air France-KLM or Lufthansa as a foreign partner to enter the group with a 20 percent stake.

Italian daily MF on Thursday, in an unsourced report, said CAI had chosen Air France-KLM and already informed the Italian government, although an official announcement will not be made until Dec. 2, after Alitalia's relaunch.

Air France-KLM, which faces its own four-day pilot strike from Friday, declined to comment. A CAI spokesman was not immediately available to respond.
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Old November 14th, 2008, 05:44 PM   #350
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Alitalia: CAI Signs Deal With Largest Unions To Hire Workers
14 November 2008

MILAN (MF-Dow Jones)--The Italian investor group buying Alitalia SpA (AZA.MI) Friday came a step closer to relaunching the troubled carrier when it signed an agreement to hire workers represented by Italy's main labor unions, the unions said Friday.

Italy's four largest unions agreed to a framework contract deal with CAI, the investor group buying Alitalia, at the end of October, leaving five, smaller unions on the sidelines and striking.
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Old November 17th, 2008, 01:59 PM   #351
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Alitalia strike hits more than a hundred Rome, Milan flights
17 November 2008
Agence France Presse

More than 100 Alitalia flights from Rome and Milan were cancelled Monday as the airline entered its eighth day of a strike, the airport news agency Telenews reported.

Rome-Fiumicino airport was worst hit, with 69 flights cancelled for the day. Although the action hit mainly internal routes, some international flights such as the Rome-New York service were also hit.

Another 40 flights were cancelled at Milan-Linate airport.

The latest cancellations came a day after some 60 flights by the troubled airline were scrapped at the two airports because of the strike by pilots and other staff.

They are protesting a takeover deal by investor group Italian Air Company (CAI), which would involve the loss of 3,250 jobs and revised contracts for the pilots and other air crew.

The group made a binding offer last month for the air passenger transport activities of Alitalia, which was put in special administration in August.

The airline, which is 49.9 percent state owned, is losing about three million euros (3.8 million dollars) a day.

Italy's government has said it will seek disciplinary sanctions for the workers and unions involved.
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Old November 21st, 2008, 06:19 PM   #352
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Alitalia to lose 1 bln euros in 2008, takeover sealed

ROME, Nov 20 (Reuters) - Italian airline Alitalia will lose $1.25 billion in 2008 but a pending takeover by a group of Italian businessmen could revive its fortunes, the administrator overseeing its bankruptcy said as he signed off on the deal.

As final plans to sell Alitalia to the CAI group are wrapped up, administrator Augusto Fantozzi urged more Italians to fly the airline that is canceling more than 100 flights a day due to protests by employees against the deal.

"I often receive expressions of affection for Alitalia by Italians abroad," he told a news conference after approving the takeover. "I wish more Italians here would do the same."

CAI will pay 427 million euros ($534.8 million) in cash and take on debt worth 625 million euros to buy Alitalia's best assets, while the airline's remaining debt and unprofitable units will be taken on by the Italian state, Fantozzi said.

"It's a sale. Believe me, it's not a donation," Fantozzi said, brushing off criticism that the government-backed deal was designed to privatise the carrier's expected future profits while leaving its debts on the shoulders of Italian taxpayers.

The Italian government and the European Commission have already approved the sale, leaving labour protests the only hurdle remaining before CAI. But union anger has shown little sign of halting the deal, and CAI has already began approaching Alitalia workers individually to hire them.

The deal with CAI will close on Nov. 30, Fantozzi said, adding that any issues related to Alitalia will be the investor group's responsibility after that date, even if the official relaunch of the airline is delayed.

CAI, a group of 16 top Italian business names formed after Prime Minister Silvio Berlusconi urged Italian entrepreneurs to save the money-losing carrier, plans to reinvent Alitalia as a smaller, more efficient airline.

That comes after a painful two-year hunt for a buyer that included a failed auction and the collapse of a planned deal to be bought by Air France-KLM, leaving the airline on the brink of liquidation more than once.

It filed for bankruptcy in August, crippled by high labour costs, strikes, surging oil prices and political meddling.

Alitalia is expected to post an operating loss of 1 billion euros in 2008, on revenue of 3.7 billion euros, Fantozzi said.

CAI is also expected to pick either Air France-KLM or Lufthansa as a foreign partner to give Alitalia operational backing and buy a 20 percent stake in the carrier.

Fantozzi said either partner would be suitable for the airline, but that the decision rested with CAI. He said CAI would ensure that Alitalia, unlike in the past, "will have a price structure comparable with other airlines."

He said Alitalia's load factor, the indicator of how well it manages to fill its flights, had been falling for years, and had "understandably collapsed" in recent months.

"I suppose that an international alliance will aim at ensuring a satisfactory load factor," he said.

Italian media say the French airline is likely to edge out its German rival, but sources close to CAI have cautioned that no decision has been made so far and talks continue.
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Old November 22nd, 2008, 07:06 AM   #353
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Alitalia creditor's staff protest in Rome
21 November 2008
Agence France Presse

Around 100 employees of Alitalia's creditors protested Friday at Fiumicino airport in Rome over the Italian flag carrier's unpaid debts, Telenews agancy reported.

Calling themselves the "silent victims" of the failing airline, they hoisted banners saying: "We get no redundancy benefits, we are only suppliers" and "We worked for Alitalia. Now we want to be paid."

On Thursday, Augusto Fantozzi, Alitalia's bankruptcy commissioner, said the airline currently owes 3.2 billion euros (four billion dollars).

The Italian government on Wednesday gave the go-ahead for Alitalia, which was on the verge of bankruptcy, to be sold to a group of investors for 1.052 billion euros.

The assets will be sold to the Italian Air Company (CAI), an investor group set up in an emergency move in August to relaunch the national airline.

While outstanding debts will be paid off once unwanted assets are sold off, Fantozzi has stated that the amount raised will not be enough to pay all creditors.
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Old November 24th, 2008, 04:03 AM   #354
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"New" Alitalia Launch Date Slips To Mid December -Report
23 November 2008

MILAN (Dow Jones)--The new Alitalia SpA (AZA.MI), to be launched by investor consortium Compagnia Aerea Italiana (CAI), aims to start operations Dec. 15, and not on Dec. 1 as CAI originally planned, Il Corriere della Sera reports in its online edition Sunday.

According to Corriere, which cites sources in CAI, the delay is due to operational problems which need to be resolved and which make a Dec. 1 launch "difficult."

"We're doing everything we can," the CAI sources told Il Corriere, "...there are problems which don't depend on us."

On Saturday, daily Il Messaggero reported that CAI was likely to launch the new Alitalia in January.

On Monday, the welfare minister is expected to give the green light to layoffs from the old Alitalia, according to weekend press reports, a necessary step which will allow CAI to proceed with its own hiring process.

CAI is expected to hire just over 10,000 former Alitalia employees to relaunch the beleaguered former Italian flag carrier. Smaller domestic rival Air One SpA is also to be acquired and merged with Alitalia, according to the CAI plan.

Newspaper Web site: www.corriere.it
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Old November 26th, 2008, 10:20 AM   #355
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Air France, Lufthansa still in running for Alitalia

ROME, Nov 25 (Reuters) - Both Air France-KLM and Deutsche Lufthansa remain in talks to buy a stake in Alitalia, the head of the group buying the Italian airline said, rejecting speculation that the French carrier had already sealed the deal.

"We are concluding our considerations on a foreign partner," CAI Chairman Roberto Colaninno told reporters after the group's board approved raising up to 1.1 billion euros ($1.42 billion) to finance the acquisition of the bankrupt Italian carrier.

CAI, a consortium of 16 top Italian business groups, has agreed to buy Alitalia's best assets for 427 million euros in a bid to relaunch it as a smaller, more efficient carrier.

The group plans to choose a foreign partner -- either Air France-KLM or Lufthansa -- to enter with a 20 percent stake and provide Alitalia operational backing on an international level.

Italian media have previously reported that Air France-KLM had already been chosen as that partner, but Colaninno said talks were continuing with both European rivals.

The prospective roles of both Fiumicino airport in Rome and Malpensa in Milan under an alliance with either would play a key part in the decision on which partner is chosen, he said.

Plans that affect airport hubs are controversial in Italy, and Alitalia's decision last year to cut back at Malpensa set off a backlash from politicians and workers in Italy's north.

The choice of Lufthansa as a foreign partner would be expected to help Malpensa remain a major hub for Alitalia, while Air France-KLM would be expected to favor Rome's Fiumicino airport.

"The considerations are ... so that Italian air transport can satisfy demand from Italy's north, from the Po valley, and so Malpensa will become an important point of reference for international, intercontinental and national flights," he said.

"As for Fiumicino, it will concentrate on Mediterranean traffic with intercontinental, international and national flights."

Colaninno declined to give a date on which CAI would take over Alitalia, after media speculation that the airline's relaunch could be delayed from Dec. 1 to closer to Christmas.

Alitalia's bankruptcy commissioner has however said that the airline would be CAI's responsibility as of Dec. 1 even if its rebirth were delayed.

Alitalia's two-year hunt for a buyer has been littered with delays, missed deadlines and sudden changes in fortunes. ($1=.7767 Euro)
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Old November 26th, 2008, 07:02 PM   #356
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Alitalia suitor Lufthansa sets up Italian airline

MALPENSA AIRPORT, Italy, Nov 26 (Reuters) - German airline Lufthansa will set up its own Italian airline early next year, even as it courts Alitalia, as the battle to make inroads into the lucrative Italian air travel market heats up.

Lufthansa, which is vying with arch-rival Air France-KLM to strike an alliance with Italy's bankrupt national carrier , said its move did not mean it was "closing the door" on its ambitions to tie up with the Italian airline.

The German carrier was also closing in on its planned acquisition of a government stake in loss-making Austrian Airlines , which Austrian state holding company OeIAG said it planned to sign with Lufthansa next week.

If Lufthansa did lose out to Air France-KLM on Alitalia, its new airline would allow it to pressure Alitalia on its home-turf just as the Italian carrier tries to reinvent itself after years of losses and strikes.

"This move puts the Italians under pressure to act," LBBW analyst Per-Ola Hellgren said. It also sent a message to the CAI group buying Alitalia that Lufthansa could set up competing operations if it is not picked as foreign partner, he said.

The CAI consortium of top Italian businessmen is buying Alitalia for 427 million euros ($553.5 million) and working to relaunch it as a smaller, more efficient carrier next month.

The airline picked as foreign partner is expected to buy a 20 percent stake, though Lufthansa Chief Executive Wolfgang Mayrhuber said a price or size of stake had yet to be discussed.

At a news conference at Malpensa airport outside Milan, where plans for the new airline were announced, Mayrhuber said the Lufthansa ought to be selected as partner because of its multi-hub strategy and high traffic between Germany and Italy.

Lufthansa's new airline, which will fly under the "Lufthansa Italia" brand and seek an Italian operating licence, will be based around Milan's Malpensa hub, where Alitalia has cut back sharply in a bid to reduce costs and turn itself around.

It will fly to eight European destinations, including Paris Charles de Gaulle and London Heathrow. The initial flights will take off in February and the airline will start with a fleet of six Airbus aircraft.

Malpensa will become part of Lufthansa's multi-hub system under the plans, said Giuseppe Bonomi, chairman of Milan's airport operator SEA.

Fearing job losses and a hit to the local economy, Bonomi and other Milan officials and politicians had waged a bitter fight to force Alitalia to rethink its plans to reduce its presence at Malpensa.

Lufthansa's ambitions in Italy are part of its broader plans to grow amid a cut-throat battle in the European aviation market to survive as a recession bites.

The carrier is not actively seeking to sell parts of subsidiary BMI, Mayrhuber said.

He also said he would be "extremely surprised" if the EU blocked a purchase of Austrian Airlines -- where it is the only remaining bidder after Air France and Russia's S7 dropped out of the race.

Austrian state holding company OeIAG said on Wednesday it expected to rubber-stamp the sale in a supervisory board meeting on Dec. 5 and to sign it on the same day.

As the deal involves the Austrian government assuming 500 million euros of debt from Austrian Airlines, it needs EU approval for this form of state aid on top of a review of the impact on competition.
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Old November 26th, 2008, 09:00 PM   #357
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Quote:
Originally Posted by TohrAlkimista View Post
Contestualmente con la conferenza stampa che si č svolta questa mattina a Malpensa (Sala Albinoni al T1), č finalmente comparsa una intera sezione dedicata a Lufthansa Italia sul sito di LH.

Ecco come si presenta:



Nella sezione vi sono tutte le anticipazioni grafiche della flotta: livrea, gli interni e le divise.

Ecco gli esterni, con la livrea:




Quote:
Originally Posted by TohrAlkimista View Post
Gli interni, le divise degli AA/VV:







Quote:
Originally Posted by TohrAlkimista View Post
Si, quella scritta Italia č stupenda.

Qui un altro dettaglio sul sito LH:






New brand for Italy

Direct flights from northern Italy with Lufthansa Italia available for booking











http://konzern.lufthansa.com/en/html...lia/index.html
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Old November 27th, 2008, 10:02 AM   #358
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Bravissimo!!!



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Old November 27th, 2008, 04:40 PM   #359
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New Alitalia owners not ready to take over on time
27 November 2008

ROME (AP) - The Italian investors taking over bankrupt Alitalia are not ready to assume control on Dec. 1 as planned, but the airline will continue to operate, the country's aviation authority said Thursday.

The aviation authority's confirmed the handover would be delayed, as had been reported in the media, just days after Alitalia's extraordinary administrator Augusto Fantozzi said his job would be finished at the end of November.

The authority, ENAC, said in statement that the group of investors would not launch the new Alitalia on Dec. 1 as originally scheduled, saying the group was "in a phase of finalizing some administrative and technical points."

The investors formed CAI Compagnia Aerea Italiana (Italian Air Company) to relaunch Alitalia as a leaner, more efficient airline.

They agreed to a deal worth euro1.052 billion ($1.33 billion), with the group paying euro427 million in cash and taking on euro625 million in Alitalia debts.
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Old November 28th, 2008, 12:27 PM   #360
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Alitalia Buyer CAI Purchases Air One For Circa EUR300M-Report
28 November 2008

MILAN (Dow Jones)--Compagnia Aerea Italiana (CAI), which is buying assets from Alitalia SpA (AZA.MI) as part of plans to relaunch the beleaguered Italian carrier, on Thursday agreed to purchase smaller Italian carrier Air One SpA for "less than" EUR300 million, daily MF-Milan Finanza writes Friday.

According to the paper, which didn't cite sources, the deal between CAI and privately-held Air One was reached Thursday.

The purchase or Air One, which is to be merged into a "new" Alitalia created by CAI, is part of a CAI plan to relaunch Alitalia as a smaller, leaner airline.

In a separate report Italy's Il Messaggero writes that in 2013, when the new CAI-Alitalia will be operating at full capacity, the airline will transport 14.9 million passengers each year from Milan's Malpensa airport and 13.9 million passengers from Rome's Fiumicino airport.

The company will operate 73 routes from Milan and 44 from Rome, according to the paper.
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