March 17, 2008 at 3:40 pm
179 aircraft and 20000 staff sold to Air France for just 138 mn Euros.
http://news.bbc.co.uk/1/hi/business/7299203.stm
More consolidation. Another flag-carrier down the tubes. What next?
By: swerve - 22nd March 2008 at 23:38
Which would serve the ultimate goal of 100% spare time for their members.
Exactly! Why would they object to a deal which formalises what half the staff already do? Or is it a question of those who would keep their jobs being unhappy about having to work for their pay, for a change? :diablo:
By: Schorsch - 22nd March 2008 at 15:05
This thread might be a bit premature……
I saw an article in a UK newspaper saying that, surprise, surprise, Italian trade unions might block this deal if they don’t like the business plan – incl. e.g. mass redundancies
Which would serve the ultimate goal of 100% spare time for their members.
By: Schorsch - 22nd March 2008 at 14:15
179 aircraft and 20000 staff sold to Air France for just 138 mn Euros.
I guess the aircraft without the staff would have scored a better price. :diablo:
50 A320 Family aircraft, 13 B767-300ER (currently highly valued, worth a bucket of Liras in a few years) and 10 B777-200ER.
I guess the 75 MD-82 sell for the single symbolic Euro.
Wikipedia says the average fleet age is 14 years.
Lufthansa: 8.4 years.
Air France: 8.8 years.
British Airways: ~10 years (but major orders in the pipeline)
More consolidation. Another flag-carrier down the tubes. What next?
How about Austrian?
I guess AF-KLM will use the Alitalia to feed its hubs in Paris (A380 needs more people) and Amsterdam for transcontinental flights. Maybe some AF-KLM passengers are feeded to Italy for east-bound flights. Alitalia will become a rather local carrier.
By: LERX - 22nd March 2008 at 12:15
This thread might be a bit premature……
I saw an article in a UK newspaper saying that, surprise, surprise, Italian trade unions might block this deal if they don’t like the business plan – incl. e.g. mass redundancies
By: Ren Frew - 17th March 2008 at 22:42
The Air France Klm Alitalia Group (TAFKAG)
By: LERX - 17th March 2008 at 20:44
Does this mean we will now have the “Air France-KLM-Alitalia” group
a.k.a. AKA? :confused:
Blimey.
By: Dantheman77 - 17th March 2008 at 18:27
From the link:
Does this mean we will now have the “Air France-KLM-Alitalia” group :dev2:
Its not certain yet…as far as im aware, the Italian government has to vote and agree on selling their remaining shares + it needs union approval.
Then there is the small matter of the European Union Monopolies commission to get past?
Although 138million Euro’s does sound cheap, but as of 29 February Alitalia had debts of $1.95billion (1.28billion Euro’s) which was an increase of 6.9% on the previous month!
By: symon - 17th March 2008 at 18:09
Euhh, I thought the point was precisely that Alitalia would retain its name and part of its independance, as KLM did or as Swiss does under Lufthansa !!
From the link:
And it said Alitalia will maintain its national identity within the Air France-KLM group after the takeover, which could be completed by mid-2008.
Does this mean we will now have the “Air France-KLM-Alitalia” group :dev2:
By: sekant - 17th March 2008 at 16:12
179 aircraft and 20000 staff sold to Air France for just 138 mn Euros.
http://news.bbc.co.uk/1/hi/business/7299203.stm
More consolidation. Another flag-carrier down the tubes. What next?
Euhh, I thought the point was precisely that Alitalia would retain its name and part of its independance, as KLM did or as Swiss does under Lufthansa !!