Alitalia Flight News Update
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Alitalia Chairman Admits Airline Struggling
Maurizio Prato, the chairman of Alitalia, spoke in front of a parliamentary committee in Italy yesterday and admitted that the carrier is in more difficulties than was initially thought.
Continue Reading: Alitalia Chairman Admits Airline Struggling >>
Published: 26/09/07
Alitalia Survival Plan Outlined By Board
The Alitalia board last week outlined their survival plan for the airline, with the aim of maintaining the operation until 2010, giving them enough time to sell the business to an investor.
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Published: 10/09/07
Alitalia Flights Reduced To Combat Losses
Troubled Italian carrier Alitalia is to stop around half of the flights it currently operates from Milan as it takes steps to reduce the losses it is making on a daily basis.
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Published: 05/09/07
Consortium Interested In Alitalia
Following on from the recent failed auction of troubled Italian carrier Alitalia a new group has expressed an interest in buying the airline.
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Published: 13/08/07
Alitalia Rescue Delays – Government Criticism Increasing
The troubled Italian carrier Alitalia, who are desperately looking for a buyer of the Italian Governments 49.9 percent stake in the airline, have faced criticism for delaying making any decisions on the future until the end of August, the date of the next board meeting.
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Published: 02/08/07
Liquidation An Option For Alitalia
Italian national carrier Alitalia faces difficult times as potential bidders withdraw, leaving the future of the airline in doubt.
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Published: 20/07/07
Italian Walk Out
Alitalia, flag carrying airline of Italy, is advising passengers that strike action scheduled for Wednesday 18 July could impact on flights and to check the website for up to date news.
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Published: 17/07/07
Alitalia Check In Reminder
Italian flag-bearing carrier Alitalia wish to remind all travellers of the check in limit of forty minutes prior to departure. Anyone arriving later than this will not be allowed to board the plane.
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Published: 25/06/07
Check In Change
Travellers with Italian flag-carrier Alitalia must remember that, as from 20 June, flights to Paris, Nice and Amsterdam from Fiumicino Airport, Rome will have check in at Terminal A and not Terminal B as was previously the case.
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Published: 20/06/07
Alitalia Sees Union Action
Flight Attendants for troubled Italian carrier Alitalia took industrial action against the airline on Monday by withdrawing their labour for half a day. The action was part of an ongoing dispute with the airline over pay and conditions and further lightning strikes are anticipated.
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Published: 06/06/07
Alitalia Fleet Value Write Down
Italian state owned operator Alitalia has reduced the value of the fleet by 197 million Euros this week, in a move that appears closely linked to the forthcoming privatisation of the airline.
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Published: 25/05/07
Bids close at Alitalia
The Italian government has officially put a stop to any more businesses entering the bidding process to take control of loss making Alitalia in a move that will put to an end any hopes that the airline had of being rescued by either Lufthansa or Air France.
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Published: 14/05/07
Aeroflot is potential buyer of Alitalia
The giant Russian airline Aeroflot has emerged as one of the front-runners in the race to buy up the loss making Italian carrier Alitalia after announcing that it is in talks to join the bid for the airline being led by the equity firm UniCredit SpA.
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Published: 10/05/07
Alitalia Strike causes Chaos
Staff at struggling Italian carrier Alitalia caused chaos for the airline on Thursday, when they went on strike to protest about their ongoing dispute with the management of the airline over contractual issues.
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Published: 04/05/07
Texas Pacific in USD 5 Billion Alitalia bid
As their bid for Qantas continues to lurch from one setback to another, Texas Pacific are rumoured to be preparing for another offensive to take over struggling Italian carrier Alitalia. The US bank is thought to be ready to make an offer that values the Italian carrier at around 1.2 billion dollars, with a further 3.8 billion set aside for a subsequent investment programme.
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Published: 01/05/07
Alitalia Plans Massive Sell Off
Loss making Alitalia is expected to sell off many of its non strategic assets as it attempts to stave off bankruptcy. The airline has managed to clear less than 1 per cent of its billion euro debt load ahead of a possible sale by the Italian government.
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Published: 09/01/07
Alitalia staff strike again
In what seems like a concerted effort by unions to hammer the final nail into Alitalia, more strikes across the network brought chaos to flights, and underlined the massive problems with keeping staff under control that are faced by any potential partners that the Italian Government can convince to invest in the failing carrier.
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Published: 21/12/06
Italian Government to decide on Alitalia future
Romano Prodi, the Prime Minister of Italy has admitted that the government has yet to decide whether to retain a stake in the struggling national airline Alitalia when it offloads shares in the carrier early next year. The government, which owns 49.9 per cent of Alitalia has committed to selling around 30.1 percent, which would force a buyer into a full buy out under labyrinthine Italian legislation.
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Published: 13/12/06
Italian Government to sell half of Alitalia Stake
The Italian government has revealed that it will offer a 25 percent stake in Alitalia for sale in the New Year, cutting its controlling interest in the struggling carrier by half. The move is to encourage investment from overseas - possibly opening the door for a takeover move by Air France-KLM, which has been linked with the airline in recent weeks.
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Published: 04/12/06
Alitalia Saga continues with rumours of Air One Merger
Air One, the privately owned Rome based carrier that operates flights into London City Airport from a number of Italian cities is rumoured to be in advanced talks with Alitalia over a possible Merger that could save the Italian national airline from closure.
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Published: 20/11/06
More Strikes push Alitalia further into the red
Losses at struggling Rome based Italian Carrier Alitalia increased over the past three months, as a number of strikes over pay and conditions damaged confidence in the airline, and pushed costs even higher. The airlines published figures for the period Jul-Sep 2006 demonstrate a rise in costs of 3.5 percent against a fall in revenues of 3.3 percent, although much of this drop is due to the airlines ground division now operating as a separate entity.
Continue Reading: More Strikes Push Alitalia Further Into The Red >>
Published: 16/11/06
Fresh Losses at Alitalia
Struggling Italian carrier Alitalia saw losses increase to more than GBP44 million in the 3rd quarter of 2006, as fears grow for the survival of one of Europes oldest airlines. A spokesman for the airline also warned that losses for the full year were likely to exceed the figures of 221 million Euros that it posted last year.
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Published: 14/11/06
Face of Jesus appears in Alitalia sandwich
Passengers were shocked on a routine flight from Rome to Geneva earlier this week, when one traveller opened his sandwich to see the unmistakeable face of Jesus clearly visible on the bread. The passenger, who declined to reveal his name, showed the slice of bread to other passengers on the flight, and has described the apparition as a miracle.
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Published: 05/11/06
Alitalia seeks partner to stave off losses
Struggling Italian national airline Alitalia has confirmed that it is looking into the possibility of a merger with another carrier in order to escape its current financial woes. The airline, which has recently undergone a massive restructuring plan – that completely failed to turn around its fortunes – is regarded as an important part of the Italian national psyche, and the locals are understandably keen to protect its futures.
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Published: 20/10/06
Alitalia has 3 months to avoid Bankruptcy
Struggling state carrier Alitalia is facing the worst crisis in its long history, and has been given just 3 months to restructure its operations to avoid bankruptcy. The carrier, which was partially floated recently in order to raise much needed capital is still struggling to compete with low cost rivals, and the government is finally losing patience.
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Published: 10/10/06
New plan to save Alitalia
Italian government minister Alessandro Bianchi has called for unions and Alitalia management to agree to a 3-month truce from striking in order to give the airline time to restructure and return to profitability after posting more disappointing figures for the past quarter. The airline, which has been struggling with industrial disputes and rising fuel prices had hoped to return to profit in 2006, but instead has seen losses rise by more than 100 million euros to a record figure of EUR221 million.
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Published: 02/10/06
Alitalia unions threaten October 9th Strike action
Trade unions acting on behalf of the employees of Alitalia have called for a 24-hour strike on 9th October as restructuring talks being held with the airline management have hit further problems. The latest strike, which is in addition to one that will be held on September 29th, comes as opposition for plans by the airline to divest itself of several areas of its business.
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Published: 26/09/06
Alitalia rename all classes
As part of their ongoing reinvention and re-branding programme, Italian flag carrier Alitalia has announced that they will be renaming the classes of travel on their flights to better differentiate the quality of service that are to be offered on board. The move comes at the end of a process to improve the services offered by the airline, and includes measures to increase passenger satisfaction on flights with better amenities on board.
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Published: 20/09/06
Alitalia Restructuring Latest
The restructuring of the struggling Italian National Airline, Alitalia continued with a number of meetings between the management and employees over the past few weeks, which are aimed at creating a reduction in costs as the carrier aims for a return to profitability over the next few years. Union leaders who are afraid that the airline will be threatening large numbers of job cuts have claimed that strikes are possible over the coming months.
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Published: 11/09/06
Alitalia win tender to transport Services personell
The Italian flag carrier has won a prestigious government tender to become the official troop transporter for the Italian Armed Services. The agreement, which comes into force immediately is intended to demonstate government support for the airline, and will see Alitalia begin troop services to any destination in the world where the Italian Army are required to serve.
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Published: 29/08/06
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