Well the purchase may float his boat for him but may well sink his ships !

Now back to square one and been given 10 days before they lose their operators license [but deadlines seem to come and go with Alitalia]. No chance of survival as who on earth is going to be brave enough to book a ticket now?

quote:

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Originally posted by PamM:
Was he not part of the consortium which pulled out yesterday?

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1. Roberto Colaninno tramite IMMSI
2. il gruppo Benetton tramite Atlantia
3. il gruppo Aponte
4. il gruppo Riva
5. il gruppo Fratini tramite Fingen
6. il gruppo Ligresti tramite Fondiaria SAI
7. il fondo Equinox di Salvatore Mancuso
8. il fondo Clessidra di Claudio Sposito
9. Carlo Toto (Toto Costruzioni Generali S.p.A.) tramite gruppo Toto
10. il gruppo Fossati tramite Findim
11. Il gruppo Marcegaglia
12. Bellavista Caltagirone tramite Acqua Marcia
13. il gruppo Gavio tramite Argo
14. Davide Maccagnani tramite Macca
15. Marco Tronchetti Provera
16. Intesa San Paolo

quote:

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Originally posted by PamM:
No chance of survival as who on earth is going to be brave enough to book a ticket now?

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Yesterday, AZ is reported to have cancelled 20-30 flights from Rome, apparently to Milan and similar destinations. AZ denied that it is short of fuel at the moment, but was coy about the reason for the cancellations. It seems very possible that they were because there were no virtually no bookings for the flights!

The train did a roaring business, though.

quote:

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Originally posted by jetwet1:
All the unions with the exception of the pilots and cabin crew have signed the agreement, this is reminding me to much of Eastern.

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There is a rumour this morning that the cabin crew union has now changed its mind and is conditionally accepting the buyers' plan. The condition: no pay cuts. They are still living in cloud cuckoo land.

[ 09-20-2008: Message edited by: Globaliser ]

quote:

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Originally posted by jetwet1:
All the unions with the exception of the pilots and cabin crew have signed the agreement, this is reminding me to much of Eastern.

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Are'nt those usually the highest paid employees other than management which is usually not part of the union.

quote:

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Originally posted by Globaliser:
This is not the case. Only three out of AZ's nine unions have signed the agreement.

There is a rumour this morning that the cabin crew union has now changed its mind and is conditionally accepting the buyers' plan. The condition: no pay cuts. They are still living in cloud cuckoo land.

[ 09-20-2008: Message edited by: Globaliser ]

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Thank you for correcting me, I was under the impression that it was just the pilots and cabin crew holding out. After doing a little digging I find that you are correct, thank you again.

But as you say, they are living in cuckoo land.

Can Air One step right in if AZ is grounded ?

Why would Mr Aponte wan't to get involved in this mess ?

[ 09-22-2008: Message edited by: jetwet1 ]

quote:

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Originally posted by jetwet1:

Thank you for correcting me, I was under the impression that it was just the pilots and cabin crew holding out. After doing a little digging I find that you are correct, thank you again.

But as you say, they are living in cuckoo land.

Can Air One step right in if AZ is grounded ?

Why would Mr Aponte wan't to get involved in this mess ?

[ 09-22-2008: Message edited by: jetwet1 ]

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I think Mr Aponte love some risk. When he bought Lauro years ago Lauro was nothing more then a mess of old ships not so trust worthy back ground. He turn it around and the line now MSC Cruise Line is the biggest independent cruise line in Europe.
Maybe he and the other investors cane do the same with Alitalia. Personally i think Alitalia is going the same way as Swissair and Sabena.

quote:

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Originally posted by Maasdam:

I think Mr Aponte love some risk. When he bought Lauro years ago Lauro was nothing more then a mess of old ships not so trust worthy back ground. He turn it around and the line now MSC Cruise Line is the biggest independent cruise line in Europe.
Maybe he and the other investors cane do the same with Alitalia. Personally i think Alitalia is going the same way as Swissair and Sabena.

Greetings Ben.

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True, let the "old" AZ die and have a new AZ rise in it's place.

quote:

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Originally posted by mike sa:
And who would have thought 10 years ago that MSC would be bigger than either Cunard or P&O ?

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quote:

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Originally posted by jetwet1:
Why would Mr Aponte wan't to get involved in this mess?

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The consortium is primarily composed of Berlusconi's "mates". While he is in power, he has the ability to swing a lot of things their way. Collectively, I suspect that Berlusconi could make sure that they make at least an extra €1bn during his term of office - if they will help him out by "investing" €1bn in AZ.

I think that the only exception to this may be the last member of the consortium, Intesa San Paolo. They are the bank that rescued Air One. Remember that part of the plan was that Air One and AZ would basically be merged, and they would no longer be competing with each other. That would protect Intesa San Paolo's investment.