Tag Archives: A321-100

Air France-KLM writes off the value of its 25% share in Alitalia

Air France-KLM Group (Air France and KLM Royal Dutch Airlines) (Paris and Amsterdam) have written off the value 25 percent stake in Alitalia (2nd) (Rome) yesterday (October 30) raising doubt over its willingness to invest further in the struggling carrier according to this report by Reuters.

Air France-KLM posted a 119 million euro charge for its 25 percent stake in Alitalia.

What is the future for Alitalia with Air France and KLM?

Read the full report: CLICK HERE

Air France:

KLM:

Alitalia:

Alitalia pleads for more capital

Alitalia’s (2nd) (Rome) first half loss increased to over $398 million. The struggling Italian carrier is proposing a capital infusion of $135 million according to this report by Reuters which would only delay the ultimate fate. The Air France-KLM Group which controls 25 percent of the shares, voted against the capital increase. AF-KL has also asked for additional information about AZ before investing any more money. AF-KL has their own financial challenges.

The capital infusion does not solve the underlying financial problems of high-cost Alitalia. As we asked before, is Alitalia headed towards another bankruptcy? This time, their previous savior, the Air France-KLM Group, given this vote, is less likely to help Italian flag carrier given their own financial condition.

Meanwhile there are reported interested parties in China and Russia that could be interested in Alitalia. This Italian opera is not over.

Read thee full report: CLICK HERE

Copyright Photo: Rolf Wallner/AirlinersGallery.com. Airbus A321-112 EI-IXG (msn 516) approaches the runway at London (Heathrow).

Alitalia:

Air France-KLM defers a decision on Alitalia, seeks more information

Air France (Paris) and KLM Royal Dutch Airlines (Amsterdam) stated yesterday after a board meeting that it will defer its decision on what to do with its 25 percent share in Alitalia (2nd) (Rome). The Air France-KLM Group board is seeking more information from Alitalia which continues to lose money. Meanwhile AF-KL is constrained in what it can do because the group has posted financial losses for the past two years.

Read the full analysis from the Wall Street Journal: CLICK HERE

Copyright Photo: Karl Cornil/AirlinersGallery.com. Alitalia’s 1960 retrojet in the form of Airbus A321-112 EI-IXI (msn 494) prepares to land at Amsterdam.

Air France:

KLM:

Alitalia:

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