Tag Archives: EI-IXI

From Reuters: Lufthansa CEO calls for significant cuts at Alitalia

Alitalia's 1960 retrojet

According to a report by Reuters, Lufthansa envisions a need for a significant restructuring at Alitalia before it will entertain a bid for the ailing flag carrier of Italy.

According to Reuters, Lufthansa’s CEO Carsten Spohr stated in a letter to Italian Industry Minister Carlo Calenda that a “New Alitalia” would be much smaller in size as relating to staff and its fleet if the Lufthansa Group took control of the airline.

Read the FULL REPORT.

The Italian government and Alitalia have not commented on the report.

Copyright Photo: Alitalia (2nd) (Compagnie Aerea Italiana) Airbus A321-112 EI-IXI (msn 494) (1960 logojet) LHR (SPA). Image: 924757.

Alitalia aircraft slide show:

 

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Alitalia and Etihad Airways receive European Commission approval for Etihad to save the Italian airline

Alitalia (2nd) (Rome) and Etihad Airways (Abu Dhabi) has received permission from the European Commission to permit Etihad to acquire a 49 percent share in the Italian carrier for €387.5 million and also implement their strategic partnership. Finally Alitalia has found its savior.

Alitalia and Etihad Airways jointly issued issued this statement:

Alitalia and Etihad Airways are pleased to confirm that they have received merger clearance from the European Commission under EU Regulation No. 139/2004. They can therefore proceed with the proposed strategic partnership announced in August.

Following the completion of its review, the European Commission on Friday (November 14) confirmed that the partnership complies with the European regulations on competition. In line with previous cases, the airlines undertook commitments aimed at facilitating the entry of new airlines on the Rome to Belgrade route.

The parties continue to work together with a view to completing the transaction before the end of the year.

President and Chief Executive Officer of Etihad Airways, James Hogan, said: “We are delighted to be able to move forward with this process and look forward to a positive outcome and the final conclusion of a our transaction with Alitalia.

“An equity investment in Alitalia will be beneficial not only for the both airlines, but, more importantly, it will give more choice and broader travel opportunities to business and leisure travellers into and out of Italy.”

Gabriele del Torchio, Chief Executive Officer of Alitalia, said: “This is an excellent outcome for Alitalia. This investment will provide financial stability and a foundation for impressive long-term growth for the Company and for the travel and tourism industry in Italy, in which Alitalia is a fundamental player.

Top Copyright Photo: Alitalia’s Airbus A321-112 EI-IXI (msn 494) pushes back from the gate at London’s Heathrow Airport displaying the 1960 retrojet colors.

Alitalia aircraft slide show: AG Slide Show

Etihad Airways aircraft slide show: AG Slide Show

Bottom Copyright Photo: Greenwing/AirlinersGallery.com. Both Alitalia and Etihad have painted an Airbus A330 with these promotional Expo Milano 2015 markings.

 

Alitalia is asking for more money

Alitalia (2nd) (Rome) is again apparently facing a capital crunch. The Italian carrier has asked Italian banks to extend an existing loan agreement by 50 million euros ($68 million), according to Reuters quoting the daily Il Messaggero.

Etihad Airways meanwhile continues to negotiate with Alitalia about a possible equity investment.

Read the full report: CLICK HERE

Copyright Photo: Marco Finelli/AirlinersGallery.com. Alitalia’s Airbus A321-112 EI-IXI (msn 494) in the 1960 retrojet livery arrives at Rome’s Fiumicino-Leonardo da Vinci International Airport hub.

Alitalia (2nd): AG Slide Show

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: AG Slide Show

KLM: AG Slide Show

Alitalia: AG Slide Show

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