Alitalia News
24-Feb-2010
ITALY :
Alitalia continues Commitment to Improving the Overall Customer Experience with ITA Technology
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06-Oct-2009
ITALY :
Further five expected by the end of the year.
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07-Sep-2009
ITALY :
IBA starts the sale process for the remaining Alitalia Assets in its role of exclusive global sales agent and advisor to the Extraordinary Administrator of Alitalia.
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23-Jul-2009
ITALY :
Rome, 22 July 2009 Alitalia widens its international and intercontinental network with 13 new destinations operated in codeshare with Air France/KLM
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22-Jan-2009
ITALY :
An extraordinary and ordinary General meeting was held by shareholders of Alitalia - Compagnia Aerea Italiana S.p.A., with the following deliberations: (i) to modify the company statute and (ii) to increase the company capital to the nominative amount of Euro 167,088,836.00, by issuing a special category of shares, with a surcharge of Euro 0.93 per share, therefore for a total amount of about EUR322 million, to be offered in subscription to the industrial partner, Air France-KLM, in accordance with the agreements stipulated.
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13-Jan-2009
ITALY :
Alitalia and Air France-KLM have reached (12-Jan-09) an agreement to launch a new strategic partnership, cemented by Air France-KLM taking a minority stake in Alitalia.
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13-Nov-2008
ITALY :
The European Commission concluded (12-Nov-08) that the sale of Alitalia’s assets does not constitute State aid provided that the Italian authorities fully comply with the undertakings they have given. The sale is planned in the context of the special administration procedure which will lead to the winding-up of the Italian airline.
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13-Nov-2008
ITALY :
The Extraordinary Administrator for Alitalia, Mr Augusto Fantozzi, announced (12-Nov-08) that the problems at Rome Fiumicino and Milane Linate airports have disturbed ordinary flight activities and caused damage to the Company and users.
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07-Nov-2008
ITALY :
With reference to the offer put forward by CAI-Compagnia Aerea Italia S.p.A. on 31-Oct, the Administrator communicates that CAI has proposed an overall amount of EUR1 billion for the purchase of all the assets and contracts referred to in the offer.
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29-Oct-2008
ITALY :
The Extraordinary Administrator announces that, on the basis of instructions agreed with the Rome Court, bankruptcy section, the two websites are now active:
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02-Oct-2008
ITALY :
The Extraordinary Administrator, Mr Augusto Fantozzi, announces that he received several expressions of interest within the terms of the deadline on 30-Sep-08 at 12.00 hrs, as set out in the Invitation for Offers published in several newspapers, for acquiring the assets and activities of Alitalia.
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01-Oct-2008
ITALY :
The Extraordinary Administrator for Alitalia, Prof. Augusto Fantozzi, states that he received a communication from the Italian Civil Aviation Authority (ENAC).
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24-Sep-2008
ITALY :
The Extraordinary Administrator for Alitalia, Mr Augusto Fantozzi, announces that:
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15-Sep-2008
ITALY :
The Extraordinary Administrator for Alitalia Linee Aeree Italiane S.p.A., Mr Augusto Fantozzi, announced that the “CAI - Compagnia Area Italiana Srl” interrupted activities of “due diligence” on 12-Sept-08.
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11-Sep-2008
ITALY :
The Extraordinary Administrator for Alitalia-Linee aeree italiane S.p.A., Prof. Augusto Fantozzi, held a meeting with representatives from the trade unions and the professional associations who are signatories to the collective contracts for each category.
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22-Aug-2008
ITALY :
Alitalia's minority shareholders have reportedly threatened legal action unless the rescue package proposed by adviser, Intesa Sanpaolo, offers them compensation.
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08-Aug-2008
ITALY :
(XFN-ASIA) Alitalia SpA will be restructured in the last week of Aug-08, leading to the creation of a new airline in which a group of businessmen is expected to invest EUR1 billion, the daily MF said without giving a source.
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04-Aug-2008
ITALY :
(XFN-ASIA) The names of the investors interested in taking over the state-controlled airline Alitalia SpA will be unveiled in September, Paolo Bonaiuti, undersecretary at the prime minister's office, said in a RAI television interview.
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04-Aug-2008
ITALY :
(XFN-ASIA) Alitalia SpA said its net debt fell to EUR1.115 billion at the end of June, from EUR1.121 billion end-May.
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31-Jul-2008
ITALY :
(XFN-ASIA) Intesa Sanpaolo SpA will present its relaunch plan to Alitalia SpA's board, the daily Il Messaggero said in an unsourced report.
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28-Jul-2008
ITALY :
(XFN-ASIA) Italy's Prime Minister Silvio Berlusconi said there is sufficient capital available from investors to fund the relaunch plan for Alitalia SpA, which is reportedly close to being finalised.
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23-Jul-2008
ITALY :
(XFN-ASIA) - The European Commission that an Italian state loan to airline Alitalia failed to meet EU bailout rules, according to information so far available in its state-aid probe.
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22-Jul-2008
ITALY :
ITA Software, Inc., announced that Alitalia successfully launched the multi-destination search capability within ITA Software’s QPX, the industry’s premier management system for airfare pricing and shopping.
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18-Jul-2008
ITALY :
(XFN-ASIA) - Italian prime minister Silvio Berlusconi said that many Italian investors have expressed an interest in buying stakes in Alitalia SpA.
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15-Jul-2008
ITALY :
(XFN-ASIA) - Italy's minister for economic development Claudio Scajola said that the government could place the troubled airline Alitalia SpA into administration, after the existing legislation, known as the Marzano law, is modified.
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14-Jul-2008
ITALY :
(XFN-ASIA) - Intesa Sanpaolo SpAs plan for ailing airline Alitalia SpA envisages placing the group into administration and creating a new Alitalia with a greater role for the banks, Saturdays Milano Finanza said, citing the report drawn up by Intesa Sanpaolo.
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10-Jul-2008
ITALY :
In a court document, it annulled Alitalia's challenge to the decision, saying it failed to demonstrate the existence of either procedural defects or substantive errors in the criteria and conditions for granting the aid.
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09-Jul-2008
ITALY :
MILAN (XFN-ASIA) - Italy's economic development minister Claudio Scajola said he is convinced that Intesa Sanpaolo SpA will complete its operation to relaunch and privatise 49.9% state-owned Alitalia SpA.
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07-Jul-2008
ITALY :
MILAN (XFN-ASIA) - The plan to relaunch Alitalia SpA being prepared by Intesa Sanpaolo SpA includes 5,000 to 6,000 job cuts and new capital of 700 million to EUR800 million euros, Corriere della Sera newspaper reported.
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02-Jul-2008
ITALY :
(XFN-ASIA) - The restructuring plan for the troubled airline Alitalia SpA could include 7,000 job losses, the daily La Stampa said without giving a source.
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01-Jul-2008
ITALY :
(XFN-ASIA) - Union representatives have criticised reported plans to cut at least 4,000 people at the troubled airline Alitalia SpA, Italian newspapers reported.
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27-Jun-2008
ITALY :
MILAN (XFN-ASIA) The re-launch of ailing airline Alitalia SpA could include the injection of EUR1.5 billion of fresh capital by a new company formed by businessman and Piaggio SpA chairman and main shareholder Roberto Colaninno, banks and other businessmen, according to an un-sourced report in daily Il Messaggero.
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26-Jun-2008
ITALY :
MILAN (XFN-ASIA) - Alitalia SpA chairman Aristide Police said the company's adviser Intesa Sanpaolo SpA is planning an injection of fresh capital into the loss-making airline as well as international alliances.
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23-Jun-2008
ITALY :
(XFN Asia) Alitalia SpA's advisor, Intesa Sanpaolo SpA, is working on a business plan that could involve separating the airline's operating units from its liabilities.
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19-Jun-2008
ITALY :
(XFN Asia) Alitalia SpA's advisor, Intesa Sanpaolo SpA, is reportedly studying putting the company into administration to solve the crisis of the ailing airline, which the government wants to privatise.
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16-Jun-2008
ITALY :
(XFN Asia) A group of businessmen from central and southern Italy are reportedly interested in buying Alitalia SpA's cargo operations.
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11-Jun-2008
ITALY :
(XFN Asia) Alitalia SpA stated it sees a pick-up in the next months in ticket reservations after cutting many flights from Milan's Malpensa Airport, rejecting recent reports on weak sales at the airline. In a statement after a board meeting, Alitalia said its adviser, Intesa Sanpaolo SpA has started its examination of the airline's main business areas and various options for their future.
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06-Jun-2008
ITALY :
(XFN Asia) Undersecretary at the Economy Ministry, Luigi Casero, the European Union commission has a positive inclination towards a decree presented by the Italian Government that outlines the privatisation procedure for Alitalia SpA and transformed a EUR300 million loan into capital.
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05-Jun-2008
ITALY :
(XFN Asia) The Milan bourse said that Alitalia SpA shares, convertible bonds and the relative derivatives instruments are suspended from trading until further notice. Since the beginning of April, when talks for Air France-KLM to take over the Italian carrier failed, Alitalia shares have been trading in a single auction. The market regulator, Consob, previously said it would examine, along with the bourse, the possibility of suspending trading in Alitalia because of government plans to limit information disclosure. In a decree outlining the privatisation process for Alitalia, the government said it has identified a potential buyer for Alitalia, and that there will be no obligation to release information regarding the elaboration of the takeover offer.
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04-Jun-2008
ITALY :
(XFN Asia) Italy's Prime Minister, Silvio Berlusconi, stated that Alitalia SpA needs an international partner and Air France-KLM could be an option for an international tie-up with the Italian airline.
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02-Jun-2008
ITALY :
(XFN Asia) Alitalia's Board reportedly plans to appoint Intesa Sanpaolo SpA as its adviser for its relaunch. The Italian Government, which has a 49.9% stake in Alitalia, has already hired the bank as its adviser for the privatisation of Alitalia.
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28-May-2008
ITALY :
Italian Government reportedly plans to establish guidelines for the sale of Alitalia this week, permitting Bruno Ermolli, the Italian businessman selected by Prime Minister, Silvio Berlusconi, to establish a consortium to rescue the carrier, to perform due diligence and prepare an offer (Reuters, 27-May-08). A new CEO may also be announced for the carrier this week.
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27-May-2008
ITALY :
Alitalia postponed the release of its annual accounts until further notice (bbc.co.uk, 26-May-08).
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22-May-2008
ITALY :
Alitalia’s EUR300 million government loan will reportedly be temporarily counted as the airline’s own capital (AFP, 21-May-08).
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21-May-2008
ITALY :
Alitalia’s latest rescue plan reportedly involves an investment of EUR1.4 billion (Thomson Financial, 20-May-08).
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15-May-2008
ITALY :
Alitalia reports (15-May-08) the following financial highlights for the three months ended 31-Mar-08:
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15-May-2008
ITALY :
Following the request to return to service, presented to the National Commission for Companies and the Stock Exchange, Mr Giovanni Sabatini has resigned from his post on the Board of Directors of Alitalia - Linee Aeree Italiane SpA with immediate effect.
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01-May-2008
ITALY :
(XFN Asia) Alitalia SpA stated its net debt at the end of March 2008 fell by EUR15 million to 1.353 billion euros, from the end of February, after it sold Air France-KLM shares for EUR79 million, and despite paying EUR56 million in annual bond interest.
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23-Apr-2008
ITALY :
The chances of Alitalia surviving much beyond next month must be slimming. Air France-KLM has categorically walked away, leaving the Italian caretaker government with no other option than to provide the airline with emergency funding to keep it alive long enough for the incoming government to attempt to find some solution.
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14-Apr-2008
ITALY :
(XFN Asia) The president of Italy’s aviation regulator, ENAC, Vito Riggio stated that Alitalia SpA is in risk of having its operating licence suspended in two or three weeks if its deal with Air France-KLM is not agreed quickly.
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03-Apr-2008
ITALY :
(XFN Asia) Alitalia Chairman, Maurizio Prato, has resigned and the carrier has ended takeover talks with Air France-KLM.
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27-Mar-2008
ITALY :
The ongoing saga of the sale of 49.9% of Alitalia continues, with no end in sight. With Air France-KLM having apparently concluded its negotiations successfully on 16-Mar-08, and the outgoing Italian government having approved it a day later, a number of factors have since arisen to stall the transaction. These include continuing objections by the trade unions, the re-emergence of Air One as a potential bidder, and the declaration by Italy’s opposition leader, Silvio Berlusconi, that he would block the deal in favour of a bid by an Italian consortium backed by, Intesa Sanpaulo SpA, bank if he were to be elected Prime Minister in the upcoming election.
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