Tag: Alitalia

Etihad Airways Could Deepen Alitalia Stake

Reading Time: 1 minute 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

Reading Time: 1 minute 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

Reading Time: 1 minute 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

Reading Time: 1 minute 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 […]

Lufthansa Could Buy Airberlin, If Abu Dhabi Bails It Out

Reading Time: 2 minutes Lufthansa has put the ball squarely in the Abu Dhabi governments court, saying its ties with Etihad could grow ever closer, if the government wants. Germany’s biggest and Europe’s third biggest airline CEO was in Abu Dhabi last week, the second time in four months. This time he was part of the delegation visiting with […]

Austrian Airlines Is The Most Punctual Airline Worldwide

Reading Time: 1 minute Austrian Airlines was the world’s most punctual airline in March 2017. This can be seen in the latest statistics from flightstats.com for global airlines. With an arrival on-time rate of 92.72%, Austrian Airlines was ahead of Spanish Iberia (90.74%) and Singapore Airlines (89.19%). Punctuality is measured in the airline industry with <15 minutes. This means […]

Etihad’s Troubles In Europe Are Getting Worse

Reading Time: 2 minutes Alitalia’s staff rejecting a last minute restructuring bid to keep the airline afloat, has not only pushed the European airline to begin bankruptcy proceedings for the second time in a decade, but has also put Abu Dhabi-based Etihad’s European future in question. Etihad paid €560 million for its 49 percent stake in Alitalia in 2014, […]

Etihad-Backed Alitalia Forced To Cancel 60% Of Flights

Reading Time: 1 minute Italy’s flagship airline Alitalia was forced to cancel 60 percent of its flights on Wednesday due to a strike over plans for the troubled airline to slash over 2,000 jobs, according to Arabian Business and AFP. The strike, called by several trade unions, had been expected and the company managed to offer alternative flights to […]

Alitalia CEO Confirms 2,000 Jobs to Go

Reading Time: 2 minutes Alitalia CEO Cramer Ball has confirmed that 2,000 jobs are to be cut, representing 51% of the airline’s office staff and 20% of nonflying operational roles, under a recently announced restructuring strategy. Ball said the cuts were “painful but necessary,” forming part of Alitalia’s plan to trim costs by €1 billion ($1.1 billion) by 2019. […]

Alitalia, Aiming to Buy Air Malta, Losing €500,000 a Day

Reading Time: 2 minutes Alitalia, the troubled Italian airline which is buying a 49% stake in Air Malta, is losing €500,000 a day, its president has said. Several sections of the Italian media quoted Luca Cordero di Montezemolo as saying that the ailing airline, in which Etihad Airways owns a 49% stake, is “seeing the light at the end […]