The unions rejected the proposals after a meeting with Rocco Sabelli, the designated managing director, and labour ministry officials. CAI improved their offer by decreasing the wage cut for the crew, and also the number of layoffs.
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Further he said: This hypothesis doesn't exist and never has. CAI stated that the offer, with its "ambitious but realistic" plan for turning Alitalia around, stands, assuming the European Commission doesn't lay down obstacles on antitrust grounds. Three of the nine unions accepted this offer, but six of them including the unions of the crew and the pilots did not.
The plan also envisaged a form of partnership with an unspecified foreign carrier.
incarnation of the airline, Alitalia - Compagnia Aerea Italiana S.p.A. . Alitalia's latest business plan is built on what it calls 'four pillars of. NokScoot (NokScoot Company) (Bangkok-Don Mueang) as previously reported, is the The joint venture describes its business plan: Lion Group (7); Livingston Compagnia Aerea (2nd) (3); Livingston Energy Flight (2).
An EU executive said, "As Alitalia has already benefited from rescue and restructuring aid, Italy cannot, in principle, grant it any more aid. Some of the unions reacted with a proposal to renegotiate.
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The chairman of Italy's civil aviation agency ENAC, Vito Riggio, said "they have to see that there's continuity, among other things, for safety," and "They have to guarantee they have financial coverage for at least a year.
The talks with the unions over the takeover by Air France-KLM collapsed when the French-Dutch carrier refused to accept union demands, hours before a deadline to win their support was to expire. Air One and Alitalia together employ CAI also said that it was searching for a partnership with a major airline group, possibly as a partner. The negotiations dragged on through Thursday the 18th.
Financial situation of Alitalia
However, the immediate union response was to call a strike after management presented the plan to employees. It also said it was reconsidering its alliance with Air France. Intesa Sanpaolo devised the plan in co-operation with the Italian cabinet.
The Italian flight authority Ente Nazionale per l'Aviazione Civile ENAC has withdrawn their threat to suspend the license of Alitalia since the risk of financial instability of Alitalia has now significantly decreased. If Alitalia cannot meet this obligation, including safety guarantees, Italian aviation authorities could revoke Alitalia's license.
The French as well as the Italian boards agreed to the sale.
On 22 September CAI withdrew their buyout offer. In Brussels Silvio Berlusconi said that union approval was a necessity but "no" was hardly an option. CAI set several conditions to be met before they would invest in Alitalia.
Two lots will each consist of four ATR 72 turboprops, one featuring s and one featuring s.
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The gist of this plan was that Alitalia would file for bankruptcy, and thus be protected from its creditors. Five of the lost will comprise aircraft from the main carrier. The government issued also a decree in May that would exempt Alitalia from disclosing information on this sale to the market.
Subscribe to read | Financial Times CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia. The new company would hold a share of about 60 percent of the Italian market.
On 24 Septemberthe company announced that it had reached an agreement with unions allowing access to a bridging loan from the Italian government. The fate of the rest of a total of about 7, of the employees of Alitalia's maintenance subsidiary, Alitalia Servizi, was uncertain.
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The outgoing administration of Romano Prodi agreed the lifeline with new Prime Minister Silvio Berlusconi, who was elected in office in April Berlusconi, said that Italy must "continue to have its own flag carrier," and that "there is no possibility of any foreign airline taking upon itself the burden and responsibility of all of Alitalia. CAI is liable for all Alitalia expenses per 1 December One part would contain the debts and less promising parts of the company.
The EU checked whether private investors would have loaned Alitalia this amount.
The unions rejected the proposals after a meeting with Rocco Sabelli, the designated managing director, and labour ministry officials. This plan was presented in August
CAI set a new deadline of It includes narrowbody fleet cuts, offset by seat densification, load factor gains and improved utilisation. It would restructure Alitalia's flight network, basing the bulk of its operations at Rome Leonardo da Vinci Fiumicino Airport and cutting international flights from Alitalia's second hub, Milan Malpensa Airport.
CAI set a deadline for these unions by October Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
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Its shares were suspended following the collapse of the Air France-KLM deal, and the board was to decide on 8 April whether the company should go into special administration. Therefore, as all other attempts to save the company had failed, the Italian government announced its willingness to lead Alitalia towards privatization by lowering its part of ownership in it.
As a consequence Alitalia's chairman, Maurizio Prato, resigned on April 2, He did not give a time frame for any decision. It is still unsure if Solar panel business plan pdf will remain in the SkyTeam alliance. The government asked Intesa Sanpaolo to come up with a plan to improve the airline's finances.
business plan which includes a range of radical and necessary . the operational activities of Alitalia - Compagnia Aerea Italiana, now named. Alitalia – Compagnia Aerea Italiana S.p.A. human capital required by the new Business Plan with Etihad, are able to ensure a structural.
The plan needed to be approved by the Italian unions. Learn how and when to remove this template message Alitalia has lost money for years owing to problems linked to government and political interference.
In September business plan for fruit juice manufacturing airline found itself in financial difficulties, with management saying it did not have enough cash to pay worker salaries past the end of that month.
Labour productivity improvement remains crucial to the plan's success. Based upon this statement about 3. In July the last of the bidders for Alitalia backed off, making the procedure fail. The Italian antitrust authority saw no objections to the take over but some minor ones.
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Minister Sacconi stated that the new company would employ The new company would hold a share of about 60 percent of the Italian market. According to Edoardo Staunovo Polacco, a bankruptcy law lecturer at Bocconi University, "Alitalia is no longer able to stand on its own two feet Another attempt was made to sell the There most recently have been plans to merge the profitable parts of Alitalia into Air One.
All the usual features of becoming more competitive versus LCCs are in the plan: The third will consist of 14 Embraer ERJs. The other part would contain the landing rights, pilots and some of the planes.
A public notification was given in Januaryseeking a buyer who would acquire at least