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Alitalia’s board approves the new plan, Air France-KLM vote against it
Alitalia’s (2nd) (Rome) board of directors yesterday approved a revised business plan, promising “severe cost cuts” to make the Italian airline more profitable but did not include specifics according...
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Alitalia is likely to cut up to 2,600 jobs to reduce costs
Alitalia (2nd) (Rome) is likely to eliminate between 2,500 and 2,600 positions, including 1,300 are fixed-term contracts and possibly 220 pilots, 400 cabin staff and 600-700 ground workers according...
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Alitalia refuses to work with Ryanair
Alitalia (2nd) (Rome) has flatly turned away Ryanair’s (Dublin) (please see the previous post) offer to feed Alitalia’s long range flights at its Rome Fiumicino hub. Ryanair has announced it will move...
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Alitalia fails to raise enough “cash call” capital to keep it flying
Alitalia (2nd) (Rome) according to Reuters, has failed so far to raise the 300 million euros ($407 million) (only 173 million euros received) in its emergency cash call. The flag carrier is now facing...
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Alitalia reaches its $412 million cash call goal, will keep flying
Alitalia (2nd) (Rome) has reached its goal to obtain $412 million in a cash call from its close investors according to Reuters. This will allow the struggling carrier to keep flying during the...
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Is Avianca’s German Efromovich the savior of Alitalia or LOT Polish Airlines?
Avianca’s (Bogota) owner, German Efromovich, is considering making a deal to acquire a share of struggling Alitalia (2nd) (Rome) or state-owned LOT Polish Airlines (Warsaw). Any acquisition would be...
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Etihad Airways again to the rescue: seriously negotiating to purchase 49% of...
Alitalia (2nd) (Rome) is reportedly in advanced discussions with Etihad Airways (Abu Dhabi) about a possible sale of 49 percent of its shares to the fast-growing carrier. Etihad has been steadily...
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Alitalia is asking for more money
Alitalia (2nd) (Rome) is again apparently facing a capital crunch. The Italian carrier has asked Italian banks to extend an existing loan agreement by 50 million euros ($68 million), according to...
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Reuters: Alitalia could ask for more money
Alitalia (2nd) (Rome), according to this report by Reuters, will seek additional funding from the banks. The debt-filled airline could also be forced to seek another shareholder infusion if the...
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Alitalia to finalize loans of $270 million with the banks in order to keep...
Alitalia (2nd) (Rome) is about to finalize loans of around $270 million with banks that were pledged last year as part of a plan to keep the Italian flag carrier according to Reuters. However the...
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Lufthansa asks the European Commission to block any Alitalia-Etihad Airways...
Lufthansa (Frankfurt) has called on the European Commission to block any alliance and buy-in between Alitalia (2nd) (Rome) and Etihad Airways (Abu Dhabi). Etihad, which already has alliances with Aer...
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Alitalia CEO: Etihad Airways will decide in 3-4 weeks whether to invest
Alitalia’s (2nd) (Rome) CEO Gabriele Del Torchio stated Etihad Airways (Abu Dhabi) is doing its due diligence (reviewing all of the data) which will take between three and fours week according to this...
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Alitalia launches Venice-Tokyo service, cancels its order for 12 Airbus...
Alitalia (2nd) (Rome) on April 3 launched nonstop service between Venice and Tokyo (narita). The new route will operate two days a week: AZ 788 will depart on Thursdays and Saturdays at 1.30 PM and...
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Etihad Airways issues a statement concerning an equity investment in...
Etihad Airways (Abu Dhabi) yesterday (June 1) confirmed that it will forward a letter detailing the conditions precedent and the criteria for a proposed equity investment by Etihad Airways that have...
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Alitalia CEO: 2,200 jobs could be cut due to the Etihad Airways alliance
Alitalia’s (2nd) (Rome) CEO stated upwards of 2,200 jobs could be cut as a result of a planned alliance with Etihad Airways (Abu Dhabi) as reported today by the La Repubblica newspaper and this report...
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Etihad Airways agrees to take a 49% equity share in struggling Alitalia
Etihad Airways (Abu Dhabi) has agreed to take a 49 percent share of struggling Alitalia (2nd) (Rome). The two airlines issued this short statement: Alitalia and Etihad Airways today (June 25)...
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Jet Airways and Alitalia expand their code-sharing agreement
Jet Airways (Mumbai) and Alitalia (2nd) (Rome) have announced the expansion of their code share partnership offering guests enhanced network connectivity between India and Italy and beyond to several...
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Alitalia is resuming Rome-Marseille service on October 26
Alitalia (2nd) (Rome) starting on October 26 is resuming Rome-Marseille service, after 16 years with Airbus A319 aircraft. The route is being restored after a 16-year absence per Airline Route....
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Alitalia and Etihad Airways finalize their €1,758 million deal
Etihad Airways (Abu Dhabi) and Alitalia (2nd) (Rome) today announced that they have signed the transaction implementation agreement which will result in a €1,758 million ($2.36 billion) investment to...
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Airberlin returns to the black, posts a 2Q net profit of $11.4 million, will...
Airberlin (airberlin.com) (Berlin) reported a net profit of €8.6 million ($11.4 million) for the second quarter, reversing a net loss of €38 million ($50.4 million) for the same quarter a year ago....
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