Skyteam partner Alitalia files for bankrupcy
Sep 23, 2008, 7:25 am
#16
Join Date: May 2005
Location: FLL
Programs: DL ♦M MM|HH♦|Marr Slvr|CO UA AA US|Pri Cub Plat|SPG|Avis 1st|Htz 5*
Posts: 5,044
Alitalia death watch...
http://www.usatoday.com/travel/fligh...lia-woes_N.htm
"....Alitalia has hung out a 'For Sale' sign — again. The bankrupt airline published a notice in four newspapers on (today) soliciting offers to buy any or all the company's assets. The move comes after a group of Italian investors made official on Monday its decision to withdraw an offer to take over the profitable assets of Alitalia. It was the third failed attempt to sell off the long-troubled airline in less than two years as two successive governments have moved to keep a four-year-old pledge to the EU to privatize the flagship carrier."
Barring a surprise bid or unexpected bailout, Alitalia's days may be numbered. "I would say that we have until the end of the week," Augusto Fantozzi, the airline’s bankruptcy administrator, is quoted as saying Monday. "Probably we will have time until next Tuesday, which means in effect that, as of today, Sept. 30th is the last day possible" of operation. Fantozzi added that "there are no prospects for a rescue in a reasonable time....."
I can't help but wonder if holders of MilleMiglia miles are burning them on SkyTeam partners... or at least trying. Wouldn't it serve zero benefit to Delta to honor Alitalia's miles knowing they won't be around to reciprocate?
Barring a surprise bid or unexpected bailout, Alitalia's days may be numbered. "I would say that we have until the end of the week," Augusto Fantozzi, the airline’s bankruptcy administrator, is quoted as saying Monday. "Probably we will have time until next Tuesday, which means in effect that, as of today, Sept. 30th is the last day possible" of operation. Fantozzi added that "there are no prospects for a rescue in a reasonable time....."
Sep 23, 2008, 11:01 am
#17
Join Date: Dec 2004
Programs: DL - Plat, Marriott - Plat, Hilton - Diamond, SPG- Plat, National- ES
Posts: 1,857
Am I the only person who thinks that putting a for sale ad in the paper for an AIRLINE is probably not really an effective technique?
Just seems bizarre and ALL of the "potential" buyers are pretty much aware of the mess. I mean it's not like Luftansa woke up this morning and suddenly discovered Alitilia was in trouble and on the market?
Just seems bizarre and ALL of the "potential" buyers are pretty much aware of the mess. I mean it's not like Luftansa woke up this morning and suddenly discovered Alitilia was in trouble and on the market?
Sep 23, 2008, 11:37 am
#18
Join Date: Jul 2006
Location: ATL
Programs: DL - PM (Sky Priority);HH - Gold; Marriott - Silver; National - Executive; DL Reserve AMEX
Posts: 5,234
I would just love some resolution here either with the airline going under or being saved, so I can move on.
I have 2 tickets (my wife and I) for June 2009 on AZ on the non-stop, Biz class ticket (using DL Miles) LAX-FCO. I want to know if this flight will even exist then... All this drawn out political crap is so annoying.
I have 2 tickets (my wife and I) for June 2009 on AZ on the non-stop, Biz class ticket (using DL Miles) LAX-FCO. I want to know if this flight will even exist then... All this drawn out political crap is so annoying.
Sep 23, 2008, 11:42 am
#19
Join Date: May 2005
Location: FLL
Programs: DL ♦M MM|HH♦|Marr Slvr|CO UA AA US|Pri Cub Plat|SPG|Avis 1st|Htz 5*
Posts: 5,044
Am I the only person who thinks that putting a for sale ad in the paper for an AIRLINE is probably not really an effective technique?
Just seems bizarre and ALL of the "potential" buyers are pretty much aware of the mess. I mean it's not like Luftansa woke up this morning and suddenly discovered Alitilia was in trouble and on the market?
Just seems bizarre and ALL of the "potential" buyers are pretty much aware of the mess. I mean it's not like Luftansa woke up this morning and suddenly discovered Alitilia was in trouble and on the market?
Sep 23, 2008, 1:12 pm
#20
FlyerTalk Evangelist
Join Date: Jun 2008
Location: Rural TN (but WAS native)
Programs: National Executive Elite, none of the others matter
Posts: 23,823
Sep 23, 2008, 7:49 pm
#21
Join Date: Jun 2005
Location: SLC
Programs: DL PM,1MM
Posts: 690
I would just love some resolution here either with the airline going under or being saved, so I can move on.
I have 2 tickets (my wife and I) for June 2009 on AZ on the non-stop, Biz class ticket (using DL Miles) LAX-FCO. I want to know if this flight will even exist then... All this drawn out political crap is so annoying.
I have 2 tickets (my wife and I) for June 2009 on AZ on the non-stop, Biz class ticket (using DL Miles) LAX-FCO. I want to know if this flight will even exist then... All this drawn out political crap is so annoying.
Sep 24, 2008, 3:51 am
#22
Join Date: Feb 2006
Location: up front or in a suite!!!!
Programs: all the big ones.. no LCCs for me
Posts: 1,064
I would just love some resolution here either with the airline going under or being saved, so I can move on.
I have 2 tickets (my wife and I) for June 2009 on AZ on the non-stop, Biz class ticket (using DL Miles) LAX-FCO. I want to know if this flight will even exist then... All this drawn out political crap is so annoying.
I have 2 tickets (my wife and I) for June 2009 on AZ on the non-stop, Biz class ticket (using DL Miles) LAX-FCO. I want to know if this flight will even exist then... All this drawn out political crap is so annoying.
if so its not worth the chance or aggravation IMHO
Sep 24, 2008, 8:34 am
#25
Join Date: May 2005
Location: FLL
Programs: DL ♦M MM|HH♦|Marr Slvr|CO UA AA US|Pri Cub Plat|SPG|Avis 1st|Htz 5*
Posts: 5,044
Lifeline?????
From here: http://www.usatoday.com/travel/fligh...ednesday_N.htm
excerpt:
excerpt:
Representatives of Italian investors who withdrew an offer for Alitalia met Wednesday with Premier Silvio Berlusconi's closest aide, an indication they might still be interested in the bankrupt airline...
Sep 24, 2008, 10:20 am
#26
Join Date: May 2005
Location: FLL
Programs: DL ♦M MM|HH♦|Marr Slvr|CO UA AA US|Pri Cub Plat|SPG|Avis 1st|Htz 5*
Posts: 5,044
Repreive....
http://www.agi.it/business/news/2008...n0085-art.html
I knew they would push the date back. Now its Sept 30. I still think this is a ploy to get the unions to soften on signing a deal like the one they rejected last week.
I knew they would push the date back. Now its Sept 30. I still think this is a ploy to get the unions to soften on signing a deal like the one they rejected last week.
Sep 24, 2008, 10:23 am
#27
Join Date: Apr 2006
Location: Ohio and Colorado
Programs: AA Gold MM, DL Gold, US MM, HH Gold, Starwood
Posts: 953
Sep 24, 2008, 10:25 am
#28
Join Date: Jul 2006
Location: ATL
Programs: DL - PM (Sky Priority);HH - Gold; Marriott - Silver; National - Executive; DL Reserve AMEX
Posts: 5,234
Nov 20, 2008, 3:51 pm
#29
Join Date: Oct 2007
Location: ATL
Programs: DL GM
Posts: 998
Private investors to the rescue
Alitalia saved by private investors....Now, how will this affect DL peeps and it's ST relationship????
Nov 20, 2008, 4:23 pm
#30
Join Date: Oct 2002
Location: Here there everywhere
Programs: Bonvoy Lifetime Titanium, Hilton Diamond, IHG Plat, BA Silver, Aegean Gold, Aeroplan 25k, AA EXP
Posts: 2,829
Alitalia saved by private investors....Now, how will this affect DL peeps and it's ST relationship????