Tag: Alitalia

Lufthansa Submits €500m Bid for Ailing Alitalia

According to Italian newspaper Corriere della Sera, the German airline Lufthansa has offered €500 million (US$590) for the ailing Italian flag-carrying airline, Alitalia. It is understood that the offer is for the planes, airport runway slots, and air crew. However, it is believed that Lufthansa’s intention will be to reduce the 12,000-strong workforce by half, […]

Rome Extends €300mn in Added Funding to Alitalia

The Italian government has extended a further EUR300 million (USD354.64 million) in funding to bankrupt Alitalia and its Alitalia CityLiner unit. An official gazette issued on Friday, October 13, said the funding would add to a EUR600 million euro (USD655 million) bridging loan extended to the carrier in May this year. The due date on […]

Ryanair Pulls Out Of Alitalia Race

Ryanair has announced its immediate withdrawal from the race to secure Alitalia following recent serious disruptions to its operations. The Irish LCC said in a statement issued on Wednesday, September 27, that in order to fully rectify the chaos caused by the re-rostering of flight crews’ leave, it had decided to remove all distractions to […]

Air Berlin Set To Axe Alitalia Wet-Lease

As part of the ongoing rationalization of its operations, Air Berlin will shortly discontinue a wet-lease agreement with fellow Etihad Airways equity partner Alitalia. At present, the bankrupt Italian carrier operates two A320-200s – EI-DSX (msn 3643) and EI-DSZ (msn 3695) – for the bankrupt German carrier on flights from Berlin Tegel to each of […]

Ryanair Eyes Up 90 Alitalia Planes And Their Routes

Ryanair’s Chief Executive, Michael O’Leary, announced on Thursday, August 31, that the low-cost carrier intends to bid for 90 of Alitalia’s planes and associated routes. Although it has indicated that it intends to operate the planes with existing cabin crew and staff, some redundancies and aircraft lease restructuring will likely be required. Alitalia has been […]

Etihad’s CEO Hunt Nearly Over

Etihad Airways Group is getting to set to name its new CEO within the next few months, according to a statement by the company. “The successful candidate is expected to start no later than the beginning of 2018,” the statement read. Former Etihad CEO James Hogan departed from the company in May, with Ray Gammel […]

Etihad Airways Could Deepen Alitalia Stake

Italy’s Alitalia has received around 10 non-binding offers for total or partial take-over, including from UAE national carrier Etihad Airways and budget airline Ryanair. The deadline for the loss-making company to receive non-binding offers was 6:00 pm local time (1600 GMT). Alitalia, which has struggled to compete with low-cost rivals including Ryanair, went into administration […]

Etihad Backed Alitalia Might Have Found A Saviour

Europe’s largest airline by passengers has said it would invest in struggling carrier Alitalia if it would receive a majority stake in return. Etihad backed Alitalia entered administration in May after staff rejected a last minute restructuring deal that would have shed thousands of jobs but freed up enough cash for the airline to remain […]

Alitalia Prepares for ATC and Unions Strikes on Sunday

Alitalia said it has rebooked 80% of passengers that would be affected by industrial actions called for Sunday, May 28, by unions representing air traffic controllers (ATCs) and various trade unions representing Alitalia staff. The ATC strike is scheduled from 1-5 p.m. that day and the Alitalia unions (CUB Trasporti, USB, Confael and Assovolo) strike […]

Malaysian Airlines To Lease Eight Alitalia Jets

Malaysian Airlines CEO Peter Bellew has told Reuters he is willing to lease jets from Italy’s troubled Alitalia. Alitalia entered administration proceedings last month after a restructuring bid, involving job and compensation cuts, by shareholder Etihad failed. Meanwhile Bellew has said he wants to lease either the carrier’s A330s, B777s or a combination in a […]