Unions voted down recapitalisation plan [Merged future of Alitalia thread]
Apr 25, 2017, 9:11 am
#16
Join Date: Oct 2009
Location: SJJ/AMS
Posts: 4,647
Been following this very closely, as my husband and I are flying from BOS-FCO and back May 5th and May 14th. Really coming down to the wire for a decision.I know that our CC company will reimburse for the flight, but am also curious about rebooking on a partner airline (such as AirFrance or Delta).
G
Last edited by AlicorporateUK; Apr 25, 2017 at 9:21 am
Apr 25, 2017, 9:18 am
#17
Join Date: Dec 2004
Location: LHR / BHX / MAN / ATL
Programs: DL DM 2MM - IHG Diamond
Posts: 4,053
Unless some miracle occurs, it looks like AZ will be another airline of the past in the near future - I don't believe that a miracle will occur this time, as all stake holders who could provide one made it very clear that this will not happen. What a mis-judgment from the employees.
Apr 25, 2017, 9:26 am
#18
Join Date: Jan 2017
Location: NYC
Posts: 427
As far as I can gauge from what I've been reading but also from past experiences (incidentally, AZ back in 2008), the special commissioner will be working on various fronts but, most of all: lessors (to make sure that planes don't get grounded basically, even though I strongly doubt they will be willing to negotiate any favourable terms), tickets and day-to-day operations such as maximising aircraft rotations and reassessing shifts (crew but also ground personnel). Needless to say, while hiccups (exempli gratia: last minute cancellations, significant delays, crews not turning up and suddenly calling off sick, re-shuffling in terms of merging services i.e. 3 flights to CDG instead of 5 on a given day, 3 weekly services to WAW instead of a daily service - I've seen it all back in 2008...) will occur, if the controlled administration is to be instigated, I don't think we will see a swift grounding. In the meantime, though, we have received an e-mail from our head of department saying that we should be liaising with our corporate agent's assistant for any AZ booking we intend to make, essentially preventing us to book through portal directly, as per internal SOP - this is applicable (as far as I understood after speaking to one of the lasses at the agency in Birmingham) also to DL/AF/KL tickets containing AZ flights.
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Apr 25, 2017, 9:32 am
#19
Join Date: Mar 2017
Posts: 157
As far as I can gauge from what I've been reading but also from past experiences (incidentally, AZ back in 2008), the special commissioner will be working on various fronts but, most of all: lessors (to make sure that planes don't get grounded basically, even though I strongly doubt they will be willing to negotiate any favourable terms), tickets and day-to-day operations such as maximising aircraft rotations and reassessing shifts (crew but also ground personnel). Needless to say, while hiccups (exempli gratia: last minute cancellations, significant delays, crews not turning up and suddenly calling off sick, re-shuffling in terms of merging services i.e. 3 flights to CDG instead of 5 on a given day, 3 weekly services to WAW instead of a daily service - I've seen it all back in 2008...) will occur, if the controlled administration is to be instigated, I don't think we will see a swift grounding. In the meantime, though, we have received an e-mail from our head of department saying that we should be liaising with our corporate agent's assistant for any AZ booking we intend to make, essentially preventing us to book through portal directly, as per internal SOP - this is applicable (as far as I understood after speaking to one of the lasses at the agency in Birmingham) also to DL/AF/KL tickets containing AZ flights.
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Apr 25, 2017, 9:33 am
#20
Join Date: Oct 2009
Location: SJJ/AMS
Posts: 4,647
G
Apr 25, 2017, 9:45 am
#22
Moderator: Aegean Miles+Bonus
Join Date: Oct 2009
Location: AMS / ATH
Programs: AFKL Plat, A3 Gold
Posts: 7,339
Apparently the government is allowed to invest - at least the EU will not block it: http://www.tgcom24.mediaset.it/econo...-201702a.shtml
Additionally the flight schedules should remain normal until at least the 27th.
Additionally the flight schedules should remain normal until at least the 27th.
Apr 25, 2017, 9:57 am
#23
Join Date: Oct 2009
Location: SJJ/AMS
Posts: 4,647
Apparently the government is allowed to invest - at least the EU will not block it: http://www.tgcom24.mediaset.it/econo...-201702a.shtml
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Apr 25, 2017, 10:03 am
#25
Join Date: Oct 2009
Location: SJJ/AMS
Posts: 4,647
Apr 25, 2017, 10:47 am
#26
Join Date: Sep 2015
Programs: LH SEN; BA Gold
Posts: 8,405
Depends on how badly this ends. Liquidation consist of selling of everything you have and paying debtors. If nothing is left, I doubt that you'll see the money again. I don't know how the Italian law works, but that's the essential mechanism.
Apr 25, 2017, 10:51 am
#27
Join Date: Sep 2013
Posts: 27
Sorry, it's not a lot of miles but I just want to be sure I won't just lose them.
Apr 25, 2017, 11:10 am
#28
Join Date: Jul 2011
Posts: 1,663
The big problems will start if fuel companies refuse to extend credit to Alitalia. It can very quickly lead to grounded aircraft all over the globe...
"The airline has sufficient funds to keep flying for a matter of weeks, two to three weeks"
"The airline has sufficient funds to keep flying for a matter of weeks, two to three weeks"
Last edited by BApilotinsider; Apr 25, 2017 at 11:33 am
Apr 25, 2017, 12:39 pm
#29
Join Date: Dec 2011
Location: Rome
Programs: Alitalia MilleMiglia
Posts: 118
Apr 25, 2017, 12:44 pm
#30
Join Date: Sep 2015
Programs: LH SEN; BA Gold
Posts: 8,405
No surprise.
It's a question of "can Alitalia get their flight crew enough cash to pay for fuel on the spot.
It's a question of "can Alitalia get their flight crew enough cash to pay for fuel on the spot.