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Old September 9th, 2007, 07:04 AM   #161
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Alitalia aims to find buyer by year end - report

MILAN, Sept 8 (Reuters) - Alitalia aims to find a buyer for the government's 49.9 percent stake in the troubled carrier by the end of the year, Chairman Maurizio Prato told daily Il Sole 24 Ore in an interview published on Saturday.

An auction for the government's stake collapsed in July after the last bidders pulled out.

The carrier will now contact all those who expressed an interest in the auction, as well as competitors such as Air France , British Airways , Lufthansa , unspecified Asian carriers "and all those who will show an interest," Prato told the paper.

Alitalia has enough cash to survive 12 months, Prato said.

The chairman was present at Pope Benedict's departure to Austria on Friday, Prato said.

"I asked the Holy Father a special blessing for this poor airline. He consented and smiled."

Alitalia was not immediately available for comment.
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Old September 10th, 2007, 07:07 PM   #162
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Alitalia boss wants state sell-off finalised by Christmas

ROME, Sept 8, 2007 (AFP) - The boss of Italy's troubled Alitalia carrier wants to see the airline's state holding sold off by the end of the year, he said in an interview published Saturday.

Maurizio Prato, who was appointed by the government in August to find a buyer for Alitalia as soon as possible following the failure of an earlier bid, told the financial daily Il Sole-24 Ore, "I want to get back to my own business by Christmas."

Prato is also head of Fintecna, a public group which holds 51 percent of Alitalia's ground-handling company AZ Servizi.

He confirmed there had been "exploratory contacts" with companies that had earlier expressed an interest in taking on Alitalia, including British Airways, Lufthansa and Air France, as well as Asian firms.

On Wednesday Air France-KLM chief executive Jean Cyril Spinetta said he would "listen attentively" if talks were sought with Alitalia.

He said that Alitalia's new restructuring plan, which includes moves to launch another capital increase and cut an unspecified number of jobs, was "suitable."

Alitalia plans to issue new shares in order to dilute the Italian state's 49.9 percent stake. Press reports have said this capital increase could total as much as 1.5 billion euros (2.04 billion dollars).

The restructuring programme also includes a plan to downsize operations at Milan's Malpensa airport, but some sector analysts have warned that this may put off potential buyers.

Alitalia and Air France-KLM are already linked by cross ownership stakes of two percent each.
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Old September 13th, 2007, 03:23 PM   #163
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In response to Alitalia plans to 'leave' Milano Malpensa

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Originally Posted by hyperdanny View Post
RYANAIR LAUNCHES MANIFESTO FOR MALPENSA

$1BN INVESTMENT, OVER 80 NEW ROUTES FROM MALPENSA & BERGAMO

Ryanair, Europe’s largest low fares airline today (13th Sept) launched its own ‘Manifesto for Malpensa’ in response to Alitalia’s plan to cut half of its 340 daily flights from the airport. As Lombardy’s largest low fares airline, Ryanair is determined that the people of Lombardy should remain connected to the rest of Italy and Europe despite Alitalia’s plans to abandon the region.

Ryanair has demonstrated the ability of its low fares to deliver rapid growth at hundreds of European airports and in less than ten years has developed a network of 144 routes to/from 22 Italian airports. Despite this unprecedented growth, the number of passengers enjoying low fare flights in Lombardy remains massively underdeveloped, and by working with Orio al Serio to the east of Milan and Malpensa to the west of Milan, Ryanair’s Manifesto for Malpensa would remove this inequity.

In the greater metropolitan area of London (pop. 7 m) for example, 18 m passengers annually enjoy Ryanair’s low fares at 3 London airports yet in Milan which has the same greater metropolitan population of 7m inhabitants, this number is 6 times lower. There is clearly room for growth to both the east and the west of Milan and Ryanair’s manifesto for Malpensa would ensure that Lombardy realises its true potential once passengers have an alternative to the excessively high fares charged by Alitalia.

In return for a business plan which focuses on delivering a simple, efficient, low cost operation at Malpensa Airport, Ryanair is committed to developing in Lombardy by investing over $1bn between 2008 to 2012 as follows:

1) More than double the size of its existing Bergamo base (currently 4 aircraft and 39 routes) by investing $420m in 6 additional aircraft before 2012.

2) Invest $840m in Malpensa, basing 12 aircraft at the airport, starting with 5 in 2008, a further 4 in 2009 and 3 in 2010.

3) Open 50 international routes from Malpensa bringing real low fare connections to all of Europe’s major destinations.

4) Open 10 domestic low fare domestic routes connecting Milan to the islands, centre and south of the country.

5) Guarantee the lowest fares of any airline flying from any Milan airport to any of the destinations served.

Speaking today, Ryanair’s Head of Communications, Peter Sherrard said:

“For too long Alitalia’s high fares have limited growth in Malpensa and the Milan area. In order for the airport and the region to prosper, Malpensa needs to attract those airlines which are capable of delivering growth, and no airline can match Ryanair’s unrivalled ability to deliver this because of the infinitely broader appeal of low fares compared to the narrow appeal of Alitalia’s high fares. We look forward to meeting with SEA tomorrow to discuss our offer to deliver growth by investing over $1bn in Malpensa and Orio al Serio. Ryanair’s ‘Manifesto for Malpensa’ can unlock the true potential of the region thanks to the proven ability of our guaranteed lowest fares to deliver record growth for tourism and business. Ryanair’s offer to SEA provides the potential for real growth, what happens now is in SEA’s hands.”
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Old September 16th, 2007, 05:29 PM   #164
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Troubled Alitalia cannot sustain 2 hubs -Italy min

MILAN, Sept 16 (Reuters) - Troubled carrier Alitalia cannot sustain two hubs in its current state, Italy's industry minister told a newspaper on Sunday, as the airline plans to nearly halve routes at Milan's Malpensa airport as part of a survival plan.

Minister Pierluigi Bersani added in comments to Italian newspaper Il Messaggero: "The development of Malpensa cannot be entrusted to a company which risks bankruptcy."

Alitalia could cut 150 flights at Malpensa -- around half its total there -- a union source has said, as part of a survival plan drawn up after no one wanted to buy the airline.

Low-cost carrier Ryanair this week stepped into Alitalia's backyard saying it was ready to launch 80 routes to Milan airports Orio al Serio, where it already operates, and Malpensa, a new departure, with planes worth more than $1 billion from its fleet.

"Alitalia, now more than ever in its current state, cannot sustain two hubs," Bersani said.

Regional Affairs Minister Linda Lanzillotta also stepped into the debate on the planned scaleback with remarks in Corriere della Sera's Sunday edition.

"The Alitalia crisis is inevitably linked with the role of Malpensa, which must be protected and developed," Lanzillotta told the newspaper.

"Malpensa has the right to be developed, and it seems to me Ryanair's offer goes in that direction. One certainly cannot make Alitalia act against market logic ... It has already done so long enough, and the consequences are in front of everyone's eyes."

The planned Malpensa revamp has come under fire in Italy's north. Milan Mayor Letizia Moratti and Lombardy Governor Roberto Formigoni are to meet officials in Rome on Friday, Corriere della Sera said, adding the topic was likely to come up.

Transport Minister Alessandro Bianchi said on Saturday the ministry is to hold a Monday meeting to discuss Alitalia slots at Malpensa, adding it would be "silly" not to consider Ryanair's offer.

State-controlled Alitalia announced a survival plan in August that included scaling back its presence at Malpensa, after an attempt by the government to sell the airline flopped in July. Management must now find a buyer.

Alitalia, which has hubs at Malpensa and Rome's Fiumicino, reported a slightly smaller first-half loss on Wednesday but warned that results would fall short of forecasts.
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Old September 17th, 2007, 11:35 PM   #165
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Alitalia's future

I'm planing a new trip to South America and Alitalia has a good offer but I'm a bit confused because I don't know if this airline will still flying.

So has anyone news about alitalia? I'd like also some opinion about the service of this airline.
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Old September 18th, 2007, 01:20 AM   #166
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Do not worry, Alitalia is working and it provides a good service.
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Old September 18th, 2007, 04:39 AM   #167
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Alitalia is still flying. Here is the thread about its restructuring :
http://www.skyscrapercity.com/showthread.php?t=134146
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Old September 18th, 2007, 11:20 AM   #168
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I loved my two flights I had with Alitalia. Last I heard they were planning to order 50 A380's, 100 787-10's and 200 Boeing 717's, then my alarm woke me up from that dream.
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Old September 18th, 2007, 12:54 PM   #169
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if the company gets bought out, they might do something like that to restructure the company (buy more aircraft), it needs it
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Old September 19th, 2007, 07:06 PM   #170
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Air One owner to talk takeover with Alitalia boss

ROME, Sept 19 (Reuters) - Carlo Toto, owner of Italian airline Air One, said on Wednesday he will meet Alitalia Chairman Maurizio Prato to discuss the possibility of buying the state's stake in the flag carrier.

"We have been invited to an initial meeting, after that Prato will set out the timetable (for further meetings)," Toto told reporters in Rome, adding that the initial meeting would happen "within the week".

Air One was one of three bidders for the state's 49.9 percent stake in Alitalia earlier this year. The auction collapsed when all bidders pulled out among concerns about the terms the government wanted to impose on a buyer.

Toto said he was still interested, saying a merger between Alitalia and Air One "would allow the new Alitalia to to take on international and intercontinental markets with great success".

Alitalia's chairman will report to the airline's board by late September or early October about the search for a buyer for the government's 49 percent stake, according to a local government official who met him earlier on Wednesday.

"Prato said that between the end of September and the first few days of October he will report to the board about the search for a buyer for Alitalia," said Roberto Formigoni, the governor of Lombardy region of which Milan is the capital.

Alitalia plans to halve its flights at Milan Malpensa airport, a move that has concerned local politicians and the company that operates the airport.

After a meeting with Alitalia Chairman Maurizio Prato, Governor Formigoni said the airline would not oppose the transfer of takeoff and landing slots at Malpensa.
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Old September 20th, 2007, 07:43 PM   #171
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Air France-KLM wants to buy Alitalia via share swap: report

MILAN, Sept 20, 2007 (AFP) - The Air France-KLM group wants to acquire Italian airline Alitalia via a share swap, the daily La Stampa said on Thursday, citing a working document addressed to the Italian government and the company.

Separately the daily Il Sole 24 Ore said, without giving a source, that German airline Lufthansa was also interested in buying Alitalia, which the Italian government is seeking to sell.

A spokeswoman for Air France, which is considered the favourite to buy Alitalia, declined to confirm the details of the La Stampa report.

According to the document quoted by La Stampa, Air France-KLM's plan is based on a rescue plan that Alitalia chairman Maurizio Prato has drawn up. The plan foresees concentrating the airline's activities at Rome airport to the detriment of Milan.

La Stampa said the Air France proposal had received a mixed reception within the government.

Prato was charged with finding a buyer for Alitalia after the previous privatisation process fell apart when all the bidders withdrew.

The chairman of Alitalia has started a series of talks with the main airlines interested, as well as with the fund TPG.

Air France-KLM have a two percent cross shareholding and are partners within the Sky Team Alliance.
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Old September 23rd, 2007, 04:31 PM   #172
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It boggles my mind why Alitalia chose Rome as its hub and not Milan. Milan is by far the economic powerhouse of Italy, there are 3 times as many people living in a 50-100km circle around Milan than there are in the same circle around Rome and so on.

Yet another terrible decision by Alitalia...they are really digging their own grave.
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Old September 25th, 2007, 07:23 PM   #173
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"Comatose" Alitalia can't repay debt -chairman

ROME, Sept 25 (Reuters) - Alitalia is in a "comatose" state and cannot repay loans and bonds due in the next three years, its chairman said on Tuesday, raising new doubts about the airline's survival unless it can find a buyer.

In a hearing at a Senate committee, Maurizio Prato forecast 2007 losses "a little bit under" 400 million euros ($563.1 million), net of extraordinary items, and said the carrier needed a "strong alliance" to turn its fortunes around.

Alitalia has been searching for a suitor since an auction for the Italian state's controlling stake collapsed in July.

"Alitalia is in a comatose state, it's on life support and I am very surprised by the almost general state of denial," said Prato, who was appointed last month.

He said the company, in its current situation, did not have enough money to repay 320 million euros ($450.5 million) of loans in the next two years or 714 million euros ($1.01 billion) worth of bonds due in 2010. Alitalia posted a first-half net loss of 211 million euros. Its full-year 2006 loss reached 626 million euros after the carrier wrote down the value of its fleet by more than 197 million euros.

Since the flop of the auction for Rome's 49.9 percent stake in the airline, Alitalia has had initial meetings with potential suitors and unveiled a new three-year survival plan to keep it afloat while the search for a buyer continues.

Prato said he would report back to the board on the search in the first 10 days of October. The process would reach a more decisive second phase by mid-November, he said.

No clear front-runners have emerged so far, although small domestic rival Air One has expressed interest and had a meeting with Alitalia's sale adviser last week.

Russia's Aeroflot, another one of the three parties shortlisted in the failed auction, denied an Italian news agency report that it was still in the bidding. "Aeroflot is not considering buying Alitalia," Deputy General Director Lev Koshlyakov told Reuters.

Italian media say long-time commercial partner Air France-KLM could step in after snubbing the failed auction. The head of Air France KLM, Jean-Cyril Spinetta, said in a newspaper interview on Monday he expected talks on a possible alliance with Alitalia to start next month.
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Old September 26th, 2007, 04:54 PM   #174
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Quote:
Originally Posted by [email protected] View Post
It boggles my mind why Alitalia chose Rome as its hub and not Milan. Milan is by far the economic powerhouse of Italy, there are 3 times as many people living in a 50-100km circle around Milan than there are in the same circle around Rome and so on.
In a 75 km circe around Milan live some 7 million people while in a 75 km circe around Rome live some 4 million people. Still today Rome and Milan have roughly the same amount of passengers, even with the current hub layout.
Plus, all the maintenance facilities and staff are based in Rome, as well as most of flying personnel.
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Old September 26th, 2007, 08:31 PM   #175
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Actually in a radium of 75 km from Milan city center there are about 8.5 mio inhabitants
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Old October 19th, 2007, 07:32 AM   #176
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Lufthansa, consortium in talks on Alitalia-source

ROME, Oct 18 (Reuters) - A consortium led by Italian lawyer Antonio Baldassarre is in early stage talks with German airline Lufthansa on a possible bid for Alitalia , an Italian source close to the consortium said on Thursday.

Baldassarre's group and Lufthansa were shortlisted separately among six groups including rivals Air France and Aeroflot that Alitalia has identified as potential buyers.

The airline will select its preferred partner within the first 10 days of November, but whether the suitor will buy the Italian Treasury's entire 49.9 percent stake in the airline has yet to be decided, its chairman told lawmakers on Thursday.

Chairman Maurizio Prato also denied Air France is the Italian government's partner of choice, saying there had been no pressure from Rome to pick one group over the other, an Italian lawmaker present at the hearing said.

Shares of Alitalia, which is worth about 1.2 billion euros and expected to lose 400 million euros this year excluding special items, were up less than 1 percent in early afternoon trading.

The airline has been ramping up efforts to quickly find a buyer after an earlier auction by Rome failed in July, embarrassing the government and sending the carrier back to square one in its hunt for a suitor.

Among the six groups shortlisted, Baldassarre's is the least known and has come under scrutiny over whether it has the financial backing to pull off a deal.

Alitalia has said it would start talks with Baldassarre's consortium, which says it has set aside an initial 1.5 billion euros to buy the airline, only after it proves it has sufficient financial muscle.

"The contacts could end with the German company entering the consortium with an agreement for future collaboration, or in nothing," the source close to the consortium said.

Lufthansa declined to comment. The airline did not participate in the failed auction earlier this year when all the bidders pulled out, saying it was not interested under prevailing conditions.

The German airline has since said it is open to potential talks, but that any partnership with Alitalia must make sense for both sides.

CEO Wolfgang Mayrhuber told the Financial Times Deutschland newspaper that he did not have enough insight to judge whether Alitalia had resolved its problems, but he doubted it.
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Old October 23rd, 2007, 05:54 AM   #177
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Alitalia workers strike, 250 Milan flights cut

MILAN, Oct 22 (Reuters) - Striking Alitalia workers forced more than 250 flights at Milan's airports to be cancelled on Monday in a protest at the struggling carrier's cutback plans.

Strikers blocked access to the main international airport, Malpensa, as part of the four-hour stoppage, Milan airport operator Sea said. The strike was the latest in a string of labour actions to hit Italy's national airline.

At least 197 takeoffs and arrivals were cancelled at Malpensa, and another 57 at the smaller Linate airport, Sea said.

The stoppage coincides with a visit to Italy by officials of the International Exhibitions Bureau. They are evaluating Milan's candidacy to host an international expo in 2015.

Alitalia said in August it would cut its presence in Milan, the hub of Italy's industrial north, as part of a survival plan as it looks for a buyer.

Another 25 flights were cancelled at Rome's Fiumicino and Ciampino airports because air traffic controllers struck for four hours over a contract dispute, air traffic control company Enav said in a statement.

A strike by Rome service crews also grounded or delayed some flights of low-cost carriers, the Rome airport operator said.
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Old October 23rd, 2007, 07:23 PM   #178
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Alitalia unions back dropping two-hub strategy

ROME, Oct 23 (Reuters) - Alitalia's powerful labour unions said on Tuesday they agreed the struggling Italian airline's plan to drop its two-hub strategy made sense, in a surprise boost to the carrier's efforts to find a buyer.

Only last month the unions slammed the restructuring plan -- which aims to cut Alitalia's presence in Milan -- as "confused" and a "slow agony" and criticised the attitude of the airline's management, but they appeared to have softened their view following one of several recent meetings with new Chairman Maurizio Prato on Monday.

"What is needed is an analysis that considers the real difficulties and, above all, the awareness that leaving the situation unchanged could mean the end of Alitalia," the unions said in a statement.

"In fact, it is impossible to efficiently preside over two big intercontinental airports."

Nevertheless, the union said the impact on employment must be considered so that workers do not end up paying for political short-sightedness.

Alitalia, which is trying to find a buyer to stave off collapse, has often been hit by sudden strikes, most recently in Milan on Monday, which forced the cancellation of more than 200 flights.

Prato has said his airline will identify its ideal partner out of a list of six potential buyers by Nov. 10. One of those on the list, Air France KLM , is expected to decide on its next move on Alitalia on Friday, according to a report.
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Old October 24th, 2007, 04:47 AM   #179
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TPG can't form Italian consortium, Alitalia says

ROME, Oct 23 (Reuters) - Alitalia said on Tuesday that U.S. private equity firm TPG, which it had identified among possible buyers, was not currrently able to form a sufficiently Italian-based consortium to invest in the ailing airline.

However, TPG maintained an interest in the sale process, Alitalia said in a statement.

TPG [TPG.UL] was shortlisted by Alitalia among six potential investors after an auction to sell the state's 49.9 percent stake in the airline collapsed in the summer.
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Old November 11th, 2007, 07:09 PM   #180
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Alitalia Bids Deadline May Be Delayed To Nov 20 - Newspaper
11 November 2007

ROME (Dow Jones)--The Italian treasury, which is trying to sell its controlling stake in Alitalia SpA (AZA.MI), is set to delay the deadline to present binding bids for the loss-making carrier by a week to Nov. 20, daily la Repubblica reports Sunday.

The Italian government has been struggling to sell its 49.9% stake. A tender organized by the treasury was scrapped in July after all the potential bidders gradually pulled out, saying the sale terms didn't give them enough freedom to implement a restructuring strategy.

After the auction collapsed, the government appointed a new chief executive at Alitalia, charged with finding a buyer for the ailing carrier.

Last month, Alitalia said it had six potential suitors, including leading European carriers Air France-KLM (AKH) and Deutsche Lufthansa AG (DLAKY).

Air One, Italy's second-biggest carrier by passenger numbers after Alitalia, is also a potential buyer. The holding company which controls Air One said earlier this week that Goldman Sachs (GS) will act as adviser for a bid it is preparing with the support of Italian bank Intesa Sanpaolo (ISP.MI).

Beset by high operating and fuel costs, stiff competition from budget airlines and persistent labor strikes, Alitalia's net loss widened to EUR626 million in 2006 from EUR168 million a year earlier after it booked a hefty write-down to cover the depreciation in value of its aging fleet.

Alitalia may have to file for bankruptcy in a few months if government attempts to sell the stake fail, Italy's transport minister said earlier this week.
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