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Problems with Alitalia - going out of business?

Problems with Alitalia - going out of business?

Jan 30th, 2007, 04:04 AM
  #1  
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Problems with Alitalia - going out of business?

I have found the best price flying on Alitalia in early June. I am about ready to book but remember seeing something on the forum about them having problems. Any update or info? I have been searching for months for airfare and feel it is time to book and found good times for this flight. I appreciate any info. Thanks.
julieann is offline  
Jan 30th, 2007, 04:07 AM
  #2  
 
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With a queue of bidders a mile long (www.tiny.cc/fmiDD) you'd have thought they're unlikely to run out of cash soon. Let's hope the Italian government replies faster than Alitalia answer their phones.

BUT: who knows what'll come out of the woodwork after a bit of due dilligence? And unions aren't likely to take a long-overdue attack of discipline too kindly.

Personally, I'd now take the risk. But go through today's commentaries on google news, then wait till the financial heavies consider the implications tomorrow.
flanneruk is offline  
Jan 30th, 2007, 04:24 AM
  #3  
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Thanks for your reply. I will google and get more info. to make a decision.
julieann is offline  
Jan 30th, 2007, 04:28 AM
  #4  
hsv
 
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Alitalia announced yesterday that they had enough cash to keep up operation for 12 more months. By then there should have appeared one bidder.
Situation is quite unlikely to have changed since yesterday afternoon.
June should be fine.
hsv is offline  
Jan 30th, 2007, 04:29 AM
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It's more likely that one of the American airlines propped up by the US government will go bust - ie extremely unlikely
alanRow is offline  
Jan 30th, 2007, 04:30 AM
  #6  
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Thanks - I feel better now and getting excited - ready to book!
julieann is offline  
Jan 30th, 2007, 07:34 PM
  #7  
 
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I recently booked on Alitalia and have no worries about them going out of business. The government has a 49% stake in the business and they have a dozen or so prospective buyers.
jeremygil is offline  
Jan 30th, 2007, 09:37 PM
  #8  
 
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They receive 11 "bids". Well, I put that in quote because it requires no money and no nothing to "bid".

In fact, one "bid" is from a school teacher that has no backing and no money.

Also, AF/KLM doesn't seem interested in AZ anymore.

Having said that, I agree with others that they'll still be flying in June.
rkkwan is offline  
Jan 31st, 2007, 02:24 AM
  #9  
hsv
 
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rkkwan,

I agree, some very obscure bidders (i.e. the teacher and a few Italian businesses that do not have the necessary financial background either). In addition, AirOne's bid raises antitrust issues.
However, there are rumours that Air France/KLM and Lufthansa are eyeing each other closely. They might still join one of the bidders. And Unicredit's bid is rumoured to have some connection to Lufthansa.
hsv is offline  
Jan 31st, 2007, 05:30 PM
  #10  
 
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I was thinking about bidding. Anyone want to split it with me??
jeremygil is offline  
Jan 31st, 2007, 06:03 PM
  #11  
 
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jeremygil - Yes, if you'll deal with the unions and the Italian politicians. I'll run the airline.
rkkwan is offline  
Jan 31st, 2007, 06:22 PM
  #12  
 
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I believe the current management team at AZ were volunteers from an internet bulletin board.
Gardyloo is offline  
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