Alitalia saved by the Government and reborn as ITA

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Re: Alitalia saved by the Government and reborn as ITA

Post by sn26567 »

Alitalia is running out of cash just as negotiations with the EU to create a new national carrier are at a standstill. On the line are the €3 billion Italy is ready to inject into the new company.

The airline paid only half of the March salaries in order to save cash.

The EU wants the new company to start from scratch, whereas Italy wants to transfer aircraft, slots, etc. from Alitalia to ITA for free.
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Re: Alitalia saved by the Government and reborn as ITA

Post by convair »

sn26567 wrote: 04 Apr 2021, 11:01 Alitalia is running out of cash just as negotiations with the EU to create a new national carrier are at a standstill. On the line are the €3 billion Italy is ready to inject into the new company.

The airline paid only half of the March salaries in order to save cash.

The EU wants the new company to start from scratch, whereas Italy wants to transfer aircraft, slots, etc. from Alitalia to ITA for free.
So that the circus can go on with Italian people's money!

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Re: Alitalia saved by the Government and reborn as ITA

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To add to Alitalia's problems the EU is forcing them to reduce their share of LIN slots from 67% to 50%. Volotea have already got some summer slots there and there's talk of Ryanair and Wizzair taking some too.

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Re: Alitalia saved by the Government and reborn as ITA

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ticketbuyer wrote: 04 Apr 2021, 23:14 To add to Alitalia's problems the EU is forcing them to reduce their share of LIN slots from 67% to 50%. Volotea have already got some summer slots there and there's talk of Ryanair and Wizzair taking some too.
ITA – Italia Trasporto Aereo may have indeed to sell more slots at Milan Linate airport in exchange for aid and public loans for over €10 billion.
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Re: Alitalia saved by the Government and reborn as ITA

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Italy’s Minister of Transport, Enrico Giovannini asks the EU not to block the public rescue of Alitalia (Italy) since it authorized the French state aid to Air France.
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Re: Alitalia saved by the Government and reborn as ITA

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ITA Italia Trasporti Aereo could incur a cost of €500 million in five years — including lost revenues and extra marketing expenses — if it were to launch without the Alitalia brand.
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Re: Alitalia saved by the Government and reborn as ITA

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Whatever the Italian Government and the Alitalia workers say, Alitalia is not strategic. It carried only 7.79% of the passengers to Italy and 7.68% of the passengers from Italy.

These are the data.

Everything else is politics and taxpayers' money.
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Re: Alitalia saved by the Government and reborn as ITA

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Alitalia does not plan to pay April 2021 salaries until emergency aid is (again...) distributed to the airline.
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Re: Alitalia saved by the Government and reborn as ITA

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Alitalia daily news: ITA Italia Trasporti Aereo hopes to replace Alitalia from 01 July 2021 with a small number of aircraft, although several European Commission hurdles still need to be overcome. ITA is also in talks with airlines with regard to alliances and partnerships.

Under EU state aid rules, there needs to be an economic discontinuity between ITA and Alitalia for Brussels to allow Rome to inject €3 billion into the new carrier.
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Re: Alitalia saved by the Government and reborn as ITA

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Alitalia now plans to keep more than 50% of its aircraft fleet as it looks to preserve its slots at Milan Linate airport.
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Re: Alitalia saved by the Government and reborn as ITA

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After Italian taxpayers' money lost in Alitalia, now starts the taxpayers' money to be lost in its successor ITA: Italy’s government is preparing to allocate around €800 million to make Italia Trasporti Aereo (ITA) take off, the public newco created to relaunch Alitalia.
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Re: Alitalia saved by the Government and reborn as ITA

Post by lumumba »

I think that's smart like I said before Italy need a national airline!
Hasta la victoria siempre.

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Re: Alitalia saved by the Government and reborn as ITA

Post by ezis_bis »

sn26567 wrote: 17 May 2021, 16:51 Italia Trasporti Aereo (ITA)
If it just restarts with the same contracts and conditions as Alitalia, it's just going to be another bottomless pit which has to be bailed out again and again.
It's not like Italy isn't connected to the world and Europe without Alitalia

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Re: Alitalia saved by the Government and reborn as ITA

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Don't hold your breath: Italy hopes to launch its new national airline ITA on 01 July 2021, pending an agreement with the European Commission.
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Re: Alitalia saved by the Government and reborn as ITA

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Tomorrow, May 28, the workers will get 50% of their salaries. Meanwhile, there will be a '' significant personnel cut '' and the fleet reduced by more than half. These, according to EU sources, are the terms of the agreement reached between the Italian authorities and Brussels on Alitalia-Ita, at the end of the meeting between the EU vice president, Margrethe Vestager, and the Italian government

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Re: Alitalia saved by the Government and reborn as ITA

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Ryanair (who else?) will appeal against funds made available to the government-owned Italian airline that will replace Alitalia as it considers them illegal state support.
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Re: Alitalia saved by the Government and reborn as ITA

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ITA – Italia Trasporto Aereo, the newco Alitalia, must commence flight operations by July 2021, says Italy’s minister of economic development, Giancarlo Giorgetti. All operations must be accelerated if the government’s target for ITA to take off by this deadline is to be met.
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Re: Alitalia saved by the Government and reborn as ITA

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Lufthansa has reportedly once again taken an interest in newco Alitalia, at least as a business partner.
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Re: Alitalia saved by the Government and reborn as ITA

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The soap continues: Italy’s government to allocate another bridging loan to Alitalia, as the re-establishment of the carrier is delayed further — to October 2021. Before more money and another delay...?
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Re: Alitalia saved by the Government and reborn as ITA

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ITA – Italia Trasporto Aereo, the newco that plans to replace Alitalia, obtained its AOC from ENAC. However, the new airline will not be able to fly before ... November 2021. If it takes off at that date...
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