Alitalia dies after 75 turbulent years, hands over to ITA

Alitalia dies after 75 turbulent years, hands over to ITA

MILAN, Oct 14 (Reuters) - Alitalia, a one-time symbol of Italian style and glamour brought low by economic mismanagement, will operate its last flight on Thursday after 75 years, before handing over to its downsized successor Italia Trasporto Aereo (ITA). The traditional choice of popes, prima donnas and Italy's political elite, Alitalia has been run by state-appointed administrators since 2017 to avoid being liquidated. A night flight from Sardinia's capital Cagliari due to land in Rome at around 2100 GMT will mark the final bow for the airline founded in 1946, after a dizzying succession of restructurings and changes of ownership. The company…
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Alitalia kicks off brand sale with a base price of 290 mln euros

Alitalia kicks off brand sale with a base price of 290 mln euros

MILAN, Sept 17 (Reuters) - Alitalia will kick off the sale of its brand on Sept. 18 with a base price of 290 million euros ($340 million) plus taxes, the airline said on Friday as it prepares to give way to a new, state-owned carrier. Last week the Italian government received the go ahead from Brussels to inject 1.35 billion euros into a new carrier named Italia Trasporto Aereo (ITA), which is due to start flying in place of Alitalia in mid-October. As agreed with the European Commission, Alitalia will sell its brand in an open tender and ITA can…
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EU okays ITA, orders Alitalia to repay 900 mln euros illegal state aid

EU okays ITA, orders Alitalia to repay 900 mln euros illegal state aid

EU competition regulators on Friday gave the green light to Alitalia's successor Italia Trasporto Aereo (ITA) and also ordered the Italian flag carrier to repay 900 million euros ($1.1 billion) in illegal state aid. The European Commission said a 1.35 billion euro capital injection by Italy into ITA over the next three years is in line with EU state aid rules as it will be done according to market conditions. The Italian government has set aside a total of 3 billion euros for ITA but will need approval from the Commission to inject the remaining 1.65 billion euros. ITA will…
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No decision yet on Alitalia state aid -EU Commission

No decision yet on Alitalia state aid -EU Commission

The European Commission on Thursday said it has not yet ruled on 900 million euro ($1.06 billion) in Italian state aid granted to Italian airline Alitalia. "No decision has been taken," a Commission spokesperson said in an email. The Financial Times newspaper reported that Italy was set to be told that the state aid is illegal. Photo: EPA/ETTORE FERRARI
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Italy reaches deal with EU for launch of Alitalia successor ITA

Italy reaches deal with EU for launch of Alitalia successor ITA

Italy has reached a deal with the European Commission over the launch of carrier Italia Trasporto Aereo (ITA), which will replace the loss-making, state-owned Alitalia, the Treasury said in a statement. It said the new company would be fully operational from Oct. 15, adding that the "constructive and balanced" deal would open the way for a planned capital increase for ITA. Italy's governing coalition last year set up a plan under which the company was supposed to start operating in early April in place of Alitalia. But Brussels and Rome have held lengthy talks over the fate of Alitalia and…
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EU, Italy reach deal on parameters separating Alitalia from successor

EU, Italy reach deal on parameters separating Alitalia from successor

The European Commission said on Thursday it has reached a deal with Italy on the parameters for separating loss-making carrier Alitalia from its successor, a step key to securing EU approval for the new airline and to write off Alitalia's subsidies. Brussels and Rome have been in lengthy talks over Alitalia's fate and its successor Italia Trasporto Aereo (ITA), demanding that ITA should be independent from the former so that it will not be liable for Alitalia's billions of euros in state aid received in recent years. Commission Competition Commissioner Margrethe Vestager met Italy's economy and industry ministers late on…
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Ryanair to appeal against state funds injected into new Alitalia

Ryanair to appeal against state funds injected into new Alitalia

Ryanair will appeal against funds made available to the government-owned Italian airline that will replace Alitalia as it considers them illegal state support, the chief executive of the Irish carrier said on Saturday. "As soon as this money will be injected in the newco we will take the (due) steps," CEO Eddie Wilson told Italian daily la Repubblica in an interview. "We are waiting to see, but it is clear that it is illegal aid and we will defend our interest by appealing against this umpteenth loan," he added. Italy is close to a deal with the European Commission to…
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EU deal on Alitalia’s successor in sight -EU Commission

EU deal on Alitalia’s successor in sight -EU Commission

Italy's plan to set up a successor to its loss-making flag carrier Alitalia cleared a key hurdle on Wednesday after the European Commission said it had reached an understanding with Rome on parameters to ensure the new airline is independent from the old one. Long-running discussions between the two sides have foundered amid disagreement over its successor ceding half of Alitalia's slots at Milan Linate airport, the old brand and the loyalty programme. EU competition enforcers want Rome to make sure that there is no economic continuity between Alitalia and its successor Italia Trasporto Aereo (ITA), otherwise the latter would…
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Italy government to lend up to 100 mln euros to Alitalia – draft decree

Italy government to lend up to 100 mln euros to Alitalia – draft decree

The Italian government is preparing to grant Alitalia up to 100 million euros ($122 million) to keep it flying while talks with the EU Commission over the launch of a new airline drag on, a draft decree showed on Thursday. According to the decree seen by Reuters, the government will lend the funds for a period of six months. The decree is under discussion and is expected to be approved later in the day. Photo: EPA/TELENEWS
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EU approves 12.8 million euros in new state aid for Italian carrier Alitalia

EU approves 12.8 million euros in new state aid for Italian carrier Alitalia

The European Commission has approved 12.8 million euros of Italian state aid for Alitalia to compensate the airline for losses suffered during the coronavirus pandemic, the EU executive said on Wednesday. It is the fourth authorisation for subsidies to Alitalia that the Commission has approved since the beginning of the pandemic. The new direct grant takes to more than 310 million euros the total of state aid approved by the EU in favour of Alitalia for damages caused by the pandemic from March to December 2020. “This measure aims at compensating the airline for the damages suffered on certain routes…
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EU’s Vestager says solution over Alitalia replacement possible

EU’s Vestager says solution over Alitalia replacement possible

BRUSSELS, April 30 (Reuters) - EU antitrust chief Margrethe Vestager said on Friday that she believed that a solution regardingItaly's plan to set up a new airline to replace cash-strapped Alitalia can be found, stressing that the new carrier should be independent from the old one. Talks between the European Commission and the Italian government have foundered amid disagreement over its successor ceding half of Alitalia's slots at Milan Linate airport, the old brand and the loyalty programme. "I continue to believe we can find a workable solution. ITA has to be a real company, there has to be discontinuity…
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New Italian carrier aims to get Alitalia ticket sales business soon

New Italian carrier aims to get Alitalia ticket sales business soon

ITA, the new Italian carrier that will replace cash-strapped Alitalia, aims to get control of ticket sales from the old airline as soon as possible, ITA CEO Fabio Lazzerini said on. Rome last year began a plan to restructure Alitalia and launch ITA, which was supposed to become operative in early April. This was delayed by lengthy negotiations with the European Commission, which has asked the new carrier to give up half of Alitalia’s slots at Milan Linate airport, the old brand and the loyalty programme. ITA now hopes to find a compromise with EU in the short term and…
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UPDATED: Italy considering alternative options for Alitalia if talks with EU fail

UPDATED: Italy considering alternative options for Alitalia if talks with EU fail

Italy's government is exploring alternative plans for the revamp of troubled airline Alitalia should ongoing negotiations with the European Commission fail, Industry Minister Giancarlo Giorgetti said on Wednesday. "Discussions are under way with (Alitalia's) special administrators on alternative plans in case the current negotiations ... fall through," Giorgetti told unions during a meeting. Rome has been in negotiations with the European Union's executive arm for months over Italy's plan to restructure the airline through the launch of a new, state-owned company called ITA. On Tuesday Alitalia trade union representatives urged Italy's government to abandon negotiations with Brussels over the airline's…
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Next week crucial for Italy, EU talks over Alitalia – minister

Next week crucial for Italy, EU talks over Alitalia – minister

MILAN, April 11 (Reuters) - Talks between Italy and the European Commission over the revamp of Alitalia will enter a key phase next week, Italian Industry Minister Giancarlo Giorgetti said on Sunday. Brussels and Rome have been in negotiations for months over Italy's plan to restructure the airline through the launch of a new, state-owned company called ITA. The new carrier needs the EU's approval for the government injection of 3 billion euros before it can start operating, but risks missing the summer season as talks are dragging on. "I think next week will be crucial," Giorgetti said, adding the…
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Italy says talks with EU on Alitalia stalled

Italy says talks with EU on Alitalia stalled

Italian Industry Minister Giancarlo Giorgetti said on Tuesday that negotiations with the European Commission over how to relaunch ailing carrier Alitalia were stalled and the government needed a new plan to keep it in business. Brussels and Rome have been in talks since the beginning of this year over Italy’s plan to restructure the airline through the launch of a new, state-owned company called ITA. “Alitalia’s situation was assessed in the light of the stalled talks with the European Commission,” Giorgetti said in a statement after meeting Alitalia’s special commissioners. “We therefore believe need a new plan of action is…
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EU approves 24.7 mln euros of state aid for Italian carrier Alitalia

EU approves 24.7 mln euros of state aid for Italian carrier Alitalia

The European Commission has approved 24.7 million euros ($29 million) of Italian state aid for Alitalia to compensate the airline for losses suffered during the pandemic, the EU executive said on Friday. It is the third authorisation for subsidies to Alitalia that the Commission has approved since the beginning of the pandemic, it said in a statement. The new support measure takes to nearly 300 million euros the total of state aid approved by the EU in favour of Alitalia for damages caused by the pandemic from March to December 2020. “The measure approved today enables Italy to provide further…
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Revamped Alitalia to start with 45 planes, get 1 bln euros in aid

Revamped Alitalia to start with 45 planes, get 1 bln euros in aid

A revamped Alitalia will start with 45 planes, have around 4,500 workers and get just over 1 billion euros ($1.2 billion) in state support, less than half of what was previously envisaged, newspaper La Repubblica reported on Tuesday. Newly-appointed Prime Minister Mario Draghi met with the transport, economy, industry and labour ministers on Monday and was pushing for a speedy resolution but not at all costs, the paper said. The cabinet office declined to comment. Under Draghi's predecessor, Giuseppe Conte, Rome had earmarked 3 billion euros for a new airline, dubbed ITA, to replace Alitalia, which has been run by state-appointed administrators since…
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Relaunching in a crisis, Alitalia scales back at home

Relaunching in a crisis, Alitalia scales back at home

The deepest crisis in aviation history might seem the worst time to relaunch an airline. But for Alitalia the turmoil could provide just the opportunity to drive through reforms that politicians and unions have refused to accept in the past. Under plans shown to lawmakers, the chronically loss-making Italian airline wants to surrender domestic routes to low-cost rivals as it tries to pull out of its fourth stall in a decade. Despite political and EU regulatory hurdles, new management led by a veteran of Gulf airline Emirates sees the COVID-19 crisis as a chance to reset the business on a…
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Alitalia to restart flights to and from London on Thursday

Alitalia to restart flights to and from London on Thursday

Alitalia will restart daily flights to and from London on Thursday after getting clearance from the Italian health ministry, the flagship carrier said on Wednesday. The Italian flag carrier said passengers travelling from London would have to be residents of Italy or have urgent reasons for their journey, and would have to present negative COVID-19 tests carried out within the past 72 hours. Flights to London had been suspended after the Italian government called for a halt to try and stop the spread of a new mutation of the coronavirus circulating in Britain. Main Photo: A passenger waiting to board…
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New, state-owned Alitalia may replace old carrier in April -CEO

New, state-owned Alitalia may replace old carrier in April -CEO

A new, state-owned Alitalia could replace the old carrier in April once it has secured the approval of both the Italian parliament and the European Commission, the manager chosen to head the revamped airline said on Wednesday. After 11 years of turbulent private management and three failed restructuring attempts, the coronavirus crisis scuppered government’s plans to sell the ailing carrier. Earlier this year, Rome decided to set aside 3 billion euros ($3.62 billion) and create a new company that would buy the good assets of the old carrier and launch a new strategy with the state’s support. To receive fresh…
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Re-nationalised Alitalia appoints Fabio Lazzerini as CEO

Re-nationalised Alitalia appoints Fabio Lazzerini as CEO

ITA said on Friday it appointed Fabio Lazzerini as its chief executive as the new company set up for the re-nationalisation of struggling carrier Alitalia held its first board meeting. Rome regained control of the loss-making carrier after 11 years of troubled private management and two failed restructuring attempts. Chairman Francesco Caio was handed responsibility for audit, compliance and legal affairs. The board gave him and the CEO a mandate to form two separate units, for ground handling operations and maintenance. "Today we enter the operative phase of ITA ... with the ambitious goal of creating a successful airline for…
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Italy creates new company to press ahead with Alitalia nationalisation plan

Italy creates new company to press ahead with Alitalia nationalisation plan

Italy has approved the creation of a new company to house the assets of troubled airline Alitalia as the government presses ahead with a plan to nationalise the company. The nationalisation plan, which was delayed by political infighting, will now need to be approved by the European Commission. The economy, industry, transport and labour ministers signed late on Friday the decree setting up the new company. "Italy's new flagship carrier was born today," Transport Minister Paola De Micheli said. Alitalia has endured 11 years of difficult private management and three failed restructuring attempts, problems exacerbated by the coronavirus crisis that…
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Italy government agrees decree on newco for re-nationalised Alitalia

Italy government agrees decree on newco for re-nationalised Alitalia

The Italian government has finalised a long-awaited agreement over the creation of a newco for Alitalia, Il Messaggero daily reported on Friday, as part of a nationalisation process meant to give a lifeline to the ailing carrier. The agreement on the decree that will lead to the creation of the newco was struck late on Thursday, several months after Rome announced it would put the loss-making airline back in state hands after 11 troubled years of private management and three failed restructuring attempts. As part of the agreement, Alitalia's board will be increased to nine members from seven at the…
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Alitalia says it is charged higher fees by airports than foreign rivals

Alitalia says it is charged higher fees by airports than foreign rivals

Alitalia said on Friday it was being charged higher fees by airports in Italy than its foreign competitors, and the practice was hampering its recovery as the sector emerges from the coronavirus crisis. Citing the example of Trieste airport in northern Italy, Alitalia said it was being charged to resume services from that facility at more than double the rate applied to its competitors. The airline, which is in the process of being re-nationalised after years of difficult private management and failed restructuring attempts, said it had sent evidence of what it described as "economic discrimination" to the relevant authorities,…
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Italy insists nationalised Alitalia will not be in competition with low costs airlines

Italy insists nationalised Alitalia will not be in competition with low costs airlines

A new, state-controlled Alitalia will not be in competition with the low-cost carriers operating in the country, Italy's transport minister said after meeting with officials of Ryanair, Easyjet and other airlines. In a statement, minister Paola De Micheli also said that the extension of airline sector's minimum wage rules to all the carriers operating in the country was not intended against budget airlines. The Italian government had announced that it would set up a vehicle to nationalise ailing carrier Alitalia in the short term. Rome is preparing to retake control of the loss-making airline after 11 years of difficult private…
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Italy to set up vehicle to nationalize Alitalia in the short term

Italy to set up vehicle to nationalize Alitalia in the short term

Italy's transport minister said on Friday the government would set up a vehicle to nationalise ailing carrier Alitalia in the short term. Rome is preparing to retake control of the loss-making airline after 11 years of difficult private management and three failed restructuring attempts. Transport Minister Paola De Micheli said in a statement that a nationalised Alitalia could take over some assets from Air Italy, another struggling Italian carrier which is seeking expressions of interests for its assets and activities after its owners Qatar Airways and Alisarda in February agreed to place it into liquidation. Via Reuters
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USAerospace partners says still interested in Alitalia

USAerospace partners says still interested in Alitalia

Aviation service group USAerospace Partners said it was still interested in Alitalia and was open to join forces with the Italian government and other investors to restructure the loss-making carrier. The U.S. based group had filed an expression of interest to buy Alitalia earlier this year, before the coronavirus crisis. In March Rome decided to nationalize the airline to avoid it going bankrupt due to the impact of the health emergency. Via Reuters
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Alitalia to resume certain flights, to increase its flights with Catania and Palermo

Alitalia to resume certain flights, to increase its flights with Catania and Palermo

Starting 02 June 2020 Alitalia is going to resume non-stop flights between Rome and New York, Spain (Rome-Madrid and Rome-Barcelona) and direct connections between Milan and South Italy. The company announced it in a note specifying that it will carry out altogether 36 percent more flights than the month of May, operating 30 routes from 25 airports, of which 15 in Italy and 10 abroad. Beginning tomorrow, 21 May, Alitalia will increase its flights with Catania and Palermo (from 6 to 8 per day) and in June the Airline will connect its hub in Rome Fiumicino airport with Alghero, Bologna,…
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Alitalia being nationalised

Alitalia being nationalised

Alitalia will "initially" be 100% state owned but "then we will have to see", Transport Minister Stefano Patuanelli said Thursday. He said the troubled former national flag carrier will be put into a new company that will be created at the beginning of June amid the coronavirus emergency, and its fleet would not be limited but have "over 90 planes". Bids for the chronically lossmaking Italian airline are currently being considered. Alitalia has been the subject of successive bailouts and the European Commission is looking into its latest bridge loan. Patuanelli added that it would be "difficult" to keep redundancies…
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European Commission opens in-depth investigation into €400 million Italian government loan to Alitalia

European Commission opens in-depth investigation into €400 million Italian government loan to Alitalia

The European Commission has opened an in-depth investigation to assess whether Italy's € 400 million loan granted to Alitalia constitutes State aid and whether it complies with the rules on State aid to companies in difficulty. The opening of an in-depth investigation is a standard step, which provides Italy and other interested parties with an opportunity to provide their views. It does not prejudge in any way the outcome of the investigation. The Commission is working closely with the Italian authorities on the matter. In late 2019, the Italian authorities announced that they would grant a new loan of €400…
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Alitalia flight blocked in the Mauritius due to coronavirus fears

Alitalia flight blocked in the Mauritius due to coronavirus fears

Passengers on an Alitalia flight from Rome were stopped from disembarking at the airport of Mauritius, an island in the Indian Ocean. The measure was taken due to the alarming rate of the spread coronavirus in Italy. Authorities in the Mauritius said that the passengers will be allowed to disembark  if they accept a quarantine period, to be done in two hospitals in the capital. The alternative is to return to Italy immediately, without disembarking, and on board the same plane with which they arrived. After an initial examination, the local authorities decided to leave only about seventy passengers from Lombardy and Veneto…
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Italy’s Atlantia interested in relaunch but not rescue of Alitalia

Italy’s Atlantia interested in relaunch but not rescue of Alitalia

Italy’s Atlantia is still interested in supporting the relaunch, and not the rescue, of ailing carrier Alitalia, the chairman of the infrastructure group said in an interview on Friday. “The government asked to draw up an actual relaunch plan and not one to rescue Alitalia, and that is what we are interested in… With Delta not available to manage the airline it was unthinkable to launch a true industrial plan,” Fabio Cerchiai told daily Il Messaggero. Alitalia, which has been run by administrators since May 2017 is expected to run out of money at the end of this year.  …
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No solution in sight for Alitalia woes

No solution in sight for Alitalia woes

    Italian Prime Minister Giuseppe Conte on Tuesday confirmed that plans for a consortium led by railway group Ferrovie dello Stato (FS) to take over troubled airline Alitalia have run aground. "We do not have a market solution within reach" Conte said when asked about the future of troubled Italian airline Alitalia. FS said that it was unable to form a consortium to take over the former flag carrier, which has been in extraordinary administration since 2017, when a deadline for binding offers expired last week. It said motorway group Atlantia had pulled out and Delta Airlines was only…
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No solution in sight for Alitalia

No solution in sight for Alitalia

Ferrovie dello Stato (FS) state-controlled rail group said on Thursday that "necessary conditions" still don't exist for creating a consortium on Alitalia, but that it remains willing to participate in a rescue of the troubled airline. FS said it took into account that Lufthansa doesn't intend to make an offer and motorway group Atlantia has pulled out while Delta Airlines is only prepared to grant a 'micro-investment of 100 million euros. Industry Minister Stefano Patuanelli said there is still "a margin" for negotiation, with the possibility of a new deadline extension - which would be the eighth - despite the…
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Delta Air Lines could pull out from consortium bidding for Alitalia

Delta Air Lines could pull out from consortium bidding for Alitalia

Delta Air Lines could pull out of a consortium looking to rescue Italy's Alitalia as it is unwilling to enter a possible bidding war with Lufthansa, newspaper Il Corriere della Sera reported on Sunday. Delta is expected to say it will not raise its offer to invest about 100 million euros ($112 million) in Alitalia in a letter to be sent in the middle of this week to its consortium partners, Italy's state railways firm Ferrovie and infrastructure group Atlantia, Il Corriere reported. It said the rough investment figure could go as high as 120 million euros. But Germany’s Lufthansa…
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Lufthansa ready to invest up to 200 million euros in Alitalia

Lufthansa ready to invest up to 200 million euros in Alitalia

German carrier Lufthansa is ready to invest up to 200 million euros in struggling Italian airline Alitalia, a source close to the matter said on Thursday. Confirming reports in two Italian dailies, the source said Lufthansa had written to Italy’s industry ministry and Italian railways Ferrovie dello Stato on Tuesday saying it was ready to take a stake in Alitalia. Italy has been struggling to see through a rescue of its loss-making flagship carrier. The industry ministry has extended to Nov. 21 a deadline for binding bids after an Oct. 15 deadline passed without an agreement among potential rescuers, which…
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Over 200 Alitalia flights cancelled because of pilot, cabin crew strike

Over 200 Alitalia flights cancelled because of pilot, cabin crew strike

Alitalia pilots and cabin crew staged a 24-hour strike called by the Anpac, Anpav and Anp unions on Wednesday. See full list of cancelled flights here   The action forced the Italian airline to cancel 198 flights on Wednesday, around 35% of those it was scheduled to run. It also scrapped a handful of flights late on Tuesday and some scheduled for early on Thursday.   Via ANSA
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Alitalia rescuers to ask for another delay

Alitalia rescuers to ask for another delay

Companies hoping to rescue Italian carrier Alitalia [CAITLA.UL] will ask for a deadline for presenting their plan to be extended as they are still negotiating key aspects, Reuters quoted two sources familiar with the matter as saying. Italian railway group Ferrovie dello Stato, which is leading an effort to take control of Alitalia, is expected to ask administrators running the carrier for a “substantial” delay to the Sept. 15 deadline, one of the sources said. It would be the sixth delay since Ferrovie expressed its interest in investing in the carrier at the end of last year. Administrators appointed by…
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Alitalia strike set for Friday moved to September 6

Alitalia strike set for Friday moved to September 6

A 24-hour strike by Alitalia pilots and flight attendants has been put off from Friday until September 6, unions announced. The unions took the decision after appeals from the strike watchdog and the transport ministry. On Tuesday the ministry reduced Friday's planned strike from 24 to four hours.   Via Rai News
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Italy’s Tria hopes Atlantia will buy a stake in Alitalia

Italy’s Tria hopes Atlantia will buy a stake in Alitalia

Italy’s Economy Minister Giovanni Tria said he hoped infrastructure group Atlantia would buy a stake in Alitalia, the troubled airline company the government is struggling to rescue. After meeting on Thursday, Atlantia’s board said it had asked Chief Executive Giovanni Castellucci to look into Alitalia’s industrial plan. Via Reuters 
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Italy’s goverment open to discuss Alitalia’s with any investor, including infrastructure group Atlantia, despite friction over Genoa Bridge collapse

Italy’s goverment open to discuss Alitalia’s with any investor, including infrastructure group Atlantia, despite friction over Genoa Bridge collapse

Italy’s industry ministry is open to discussions with any investor interested in the rescue of troubled carrier Alitalia, including infrastructure group Atlantia, two sources with knowledge of the matter said on Friday. The ministry is leading talks between the administrators managing the loss-making Alitalia and state-owned railway group Ferrovie dello Stato, which is trying to set up a consortium to buy the carrier. So far Ferrovie has secured the commitment of Delta Air Lines but it is struggling to find another partner who is willing to invest more than 300 million euros (£267 million) in Alitalia, which has a long…
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Hopes fade for a new Alitalia investor

Hopes fade for a new Alitalia investor

The Italian government dampened hopes that Alitalia could soon be rescued after denying media speculation that it had sought to tempt infrastructure group Toto Holding, which invested in a previous Alitalia rescue in 2008, to invest in loss-making airline. The office of Economic Development Minister and Deputy Prime Minister Luigi Di Maio denied reports in the Italian media which said the minister and one of Toto's controlling family shareholders had met this week to discuss Alitalia. The government is trying to rescue of Alitalia by the end of the month to avoid mass lay-offs. Alitalia, which has been under special…
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Alitalia cancels 95 flights due to strike

Alitalia cancels 95 flights due to strike

Italian airline Alitalia on Monday had to cancel 95 flights as personnel went on a 4 hour strike. The airline set out plans to guarantee that all those who had flights booked with the company will reach their destination on Monday. Whilst the Alitalia strike is for 4 hours, there is another strike by personnel of Air Italy and this is for 24 hours but flights are being guaranteed between 07.00 and 10.00 am and between 6.00 and 9.00 pm. Via ANSA
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EasyJet withdraws bid for Alitalia

EasyJet withdraws bid for Alitalia

Easyjet has abandoned talks to join a consortium that would have bid for Italian carrier Alitalia. The budget airline had been considering teaming up with Italy's state-controlled railway Ferrovie dello Stato Italiane and Delta Air Lines of the US. EasyJet said it “remains committed to Italy as a key market for the company, where it currently carries 18.5m passengers every year and employs 1400 pilots and crew, all on local contracts”. Luigi Di Maio, leader of the Five Star Movement, and also deputy prime minister and minister for economic development, said earlier this month that the plan for Ferrovie dello…
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Air France is pulling out from Alitalia rescue deal for political reasons – Reports

Air France is pulling out from Alitalia rescue deal for political reasons – Reports

Air France is pulling out of a deal that would save struggling Italian airline Alitalia for “political reasons”, Italian media reports. The Ferrovie dello Statto (FS) rail group, which is handling the deal, had yesterday been expecting a formal commitment from the Air France-KLM board, which has been considering a part in the deal alongside Delta airlines.But no commitment came from Paris, FS said. Il Sole 24 Ore reported that there were political reasons behind Air France’s sudden U-turn on the planned deal, amid an escalating diplomatic row between France and Italy.The apparent change of heart comes following the French ambassador to Rome's recall to…
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Three takeover offers made for Alitalia

Troubled Italian carrier Alitalia has received three takeover offers as part of its latest rescue efforts, the company said in a statement on Wednesday. The offers will be examined by Alitalia’s external administrators before being passed on to Italy’s ministry of economic development. Italy’s state-owned railway on Tuesday said it was set to make an offer to buy Alitalia. Railway group Ferrovie dello Stato (FS) did not provide any details. But the Italian press had earlier suggested that the FS offer would carry certain conditions, such as an alliance with a foreign airline. German company Lufthansa has expressed interest in…
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Thursday Morning Briefing

Thursday Morning Briefing

Good morning, From Trump's back pedalling to the Queen's messages hidden in brooches. From the court room in Valletta to the temporary beach volley court in the same city. Our Morning Briefing for Thursday, bringing you the salient news, as reported around in Malta and around the World.   President Donald Trump spent a second day Wednesday managing the political fallout from his widely criticised meeting with Russia’s Vladimir Putin, shifting stances and mopping up what the White House said were misstatements.   More than half of Americans disapprove of the way U.S. President Donald Trump is handling relations with…
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Alitalia will return to be Italy’s national flag-carrying airline

Alitalia will return to be Italy’s national flag-carrying airline

ANSA : Alitalia will return to be being Italy's national flag-carrying airline, Transport Minister Danilo Toninelli said Wednesday. Speaking on Italian radio, Toninelli said "the Italian nature of the airline is a fundamental points in its future". He said "we'll once again make it become a flag carrier with 51% of the share capital in Italian hands and with a partner that will make it fly". Toninelli said there had been "extraordinary damage" wreaked on the airline in the past by "managers often described as very efficient". Lufthansa and EasyJet are among the bidders for the troubled airline, but both want…
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Morning Briefing – 1st June ’18

Morning Briefing – 1st June ’18

Good morning, Unfortunately today’s morning briefing starts on a sad note as all media portals in Malta report the news of a male cyclist who was killed after he was hit early on Friday morning by a driver just past the new Kappara flyover. The local newspapers report that two libel suits filed over stories that exposed Economy Minister Chris Cardona’s alleged visit to a brothel in Germany have been struck off the list. We also read that Pilatus Bank owner Seyed Ali Sadr Hasheminejad set up a Maltese company for “social and mass housing projects”. Other news refer to…
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Luca Montezemolo, Mark Ball Cramer and Silvano Cassano under investigation for the bankruptcy of Alitalia

Luca Montezemolo, Mark Ball Cramer and Silvano Cassano under investigation for the bankruptcy of Alitalia

Three former managing directors of Alitalia, Cassano, Montezemolo and Cramer under investigation for bankruptcy. La Stampa and Il Secolo XIX write that the last three CEOs of the flag carrier are investigated in the register of suspects: Silvano Cassano , Luca Montezemolo and Mark Ball Cramer . Last week the Finance Police had searched the headquarters and acquired the documentation of the latest financial statements. The Etihad management ended up in the crosshairs of the Civitavecchia prosecution that investigates the 400 million hole that brought the company to the commissioner. The "visit" of the Fiamme Gialle was decided by the judiciary on the basis of the sentence of the  Court of Civitavecchia  that on 11…
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EU Commission opens in-depth investigation into Italian State loan to Alitalia

The European Commission has opened an in-depth investigation to assess whether Italy's bridge loan to Alitalia totalling €900 million constitutes State aid and whether it complies with EU rules for aid to companies in difficulty. Commissioner Margrethe Vestager, in charge of competition policy, said: "The Commission has a duty to make sure that loans given to companies by Member States are in line with the EU rules on State aid. We will investigate whether this is the case for Alitalia." Alitalia is an Italian airline owned by the consortium Compagnia Aerea Italiana - CAI (51% shares) and Etihad Airways (49%). Alitalia has…
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