WW "airlines to go bust"
Apr 30, 2017, 11:17 am
#110
Join Date: Jan 2016
Location: LHR/ATH
Programs: Amex Platinum, LH SEN (Gold), BA Bronze
Posts: 4,489
Of course they will. They will get a bridge loan to continue OPS for a few weeks/months, while they decide what to do with the airline.
Somewhat like Swissair without the grounding.
The stakes are too high, letting it go bust is an Italian politician's nightmare.
Somewhat like Swissair without the grounding.
The stakes are too high, letting it go bust is an Italian politician's nightmare.
Apr 30, 2017, 11:27 am
#111
Join Date: Jul 2002
Location: LCY
Posts: 1,222
According to a poll quoted here 77% of Italians think it should be left to fail.
Apr 30, 2017, 11:38 am
#112
Join Date: Jan 2016
Location: LHR/ATH
Programs: Amex Platinum, LH SEN (Gold), BA Bronze
Posts: 4,489
It seems public opinion has moved on and the politicians need not contemplate another bucket of money or ways to contravene EU state aid rules.
According to a poll quoted here 77% of Italians think it should be left to fail.
According to a poll quoted here 77% of Italians think it should be left to fail.
May 2, 2017, 7:47 am
#113
Original Poster
Join Date: Jul 2011
Posts: 1,663
Formal bankruptcy proceedings started for Alitalia..
http://uk.reuters.com/article/uk-ali...-idUKKBN17Y1AF
Can't see IAG or anyone else making an offer...
http://uk.reuters.com/article/uk-ali...-idUKKBN17Y1AF
Can't see IAG or anyone else making an offer...
May 2, 2017, 7:53 am
#114
Join Date: Sep 2014
Location: Brexile in ADB
Programs: BA, TK, HHonours, Le Club, Best Western Rewards
Posts: 7,067
Formal bankruptcy proceedings started for Alitalia..
http://uk.reuters.com/article/uk-ali...-idUKKBN17Y1AF
Can't see IAG or anyone else making an offer...
http://uk.reuters.com/article/uk-ali...-idUKKBN17Y1AF
Can't see IAG or anyone else making an offer...
They would be ill advised to, buy the company and you buy along with it all the staff contracts and liabilities etc. There have been multiple attempts to turn the company around, all have failed. Better to start from scratch.
I wonder if BA will be able to put on more flights to Italy and connect them to the US? Or IAG rolling out Level in Italy first?
May 2, 2017, 8:04 am
#116
Join Date: Jul 2014
Location: Wedged somewhere between BTS and VIE ✈
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Posts: 6,339
May 2, 2017, 8:54 am
#117
Join Date: Jun 2008
Programs: TK*G (E+), IHG Plat Ambassador
Posts: 7,884
Because LHI was operating out of a wrong airport (MXP). If AZ goes bankrupt (hopefully not) and LIN opens up (for now AZ is a dominant player there) all airlines will rush to grab the slots. I am quite sure many airlines already think how to obtain extra aircraft and crews in the case AZ goes bankrupt (and opportunities to step in and grab the LIN slots arise).
May 2, 2017, 8:57 am
#118
Join Date: Sep 2015
Programs: LH SEN; BA Gold
Posts: 8,407
I think that LH Italia failed because the Germans messed it up. Given that AZ has over 20 million passengers per year, there's definitely a market for an airline dedicated to the Italian market.
Setting up a new company with lower base costs and hiring personnel with new contracts could very well do the trick. Moreover, that airline would IMO require its own branding to be accepted among some Italians. You won't gain any favors by naming yourself Lufthansa Italia.
Setting up a new company with lower base costs and hiring personnel with new contracts could very well do the trick. Moreover, that airline would IMO require its own branding to be accepted among some Italians. You won't gain any favors by naming yourself Lufthansa Italia.
May 2, 2017, 9:06 am
#119
Join Date: Jun 2008
Programs: TK*G (E+), IHG Plat Ambassador
Posts: 7,884
In China now, so cannot Google. But I believe there was an article on http://ausbt.com.au/ that both QF and VA will make money this year (QF actually made money last year, after gigantic losses in 2015).
May 2, 2017, 10:23 am
#120
Join Date: Jul 2003
Location: Australia
Programs: QF LTS, Marriott LTP, ALL GOLD
Posts: 2,440
In China now, so cannot Google. But I believe there was an article on http://ausbt.com.au/ that both QF and VA will make money this year (QF actually made money last year, after gigantic losses in 2015).