Pentagram
Santina Sammarco
The activities of the national airline, whose losses on specific problems and where rivers of ink have been spilled in recent years, beginning May 5, 1947, the day of the inaugural flight carried out with a Fiat G.12 Alcione, piloted by Virginio Reinero on the route Torino - Roma - Catania. If you're already asking when did the problems began for Alitalia must not go too much there. The trouble begins in 1947 when DC decided to enter the administrative and economic as satisfy the criterion for Italians to work through politics. Among recommendations from either side Alitalia still manages to impose itself on the national and international markets but obviously when you take more to the pleasures for the true needs first to suffer are the speakers. In the early 70 'the financial statements of Alitalia were strongly negative, however, began the worst crisis since 1988, from which year onwards Budgets were constantly red and the political culture began to dominate the market and the rules of' economy. Later, in 1996, the then managing director Domenico Cempella, pursuing an ambitious business plan that made pin alliance with the Dutch airline KLM and the opening of the new hub at Malpensa. The agreement with KLM had two joint ventures in the passenger area and cargo in the plans of the manager, had to be a prelude to an actual merger. In 2000 the Dutch company, however, unilaterally broke the alliance. The lawsuit brought by Cempella ending two years later, when the international arbitration to pay a criminal conviction KLM Alitalia net 250 million euro. In 2001 he attended the International Civil Aviation crisis for the political turmoil of those years and for the fierce competition of low cost airlines and Alitalia seems to pay more the other companies this fall in demand. All this brings us to today with the decision to privatize the company in 2006, selling 30.1% (later raised to 39.9%) of the capital stock, thereby triggering the mandatory tender offer for new buyer. On October 8, 2007, the Board of Directors of Alitalia meets and promotes a list of the six best candidates who give the airline. The short list includes: Air France-KLM, Lufthansa, Ap Holding (parent company of Air One), Aeroflot, Texas Pacific Group (private equity fund) and NewCo. On December 27, 2007, the Council of Ministers gives the green light to exclusive negotiations Air France-KLM for the sale of majority stake of 49.9% of the airline and March 16, 2008, the Board accepted the binding offer for Alitalia by Air France-KLM, which provides for a 'public exchange offer on 100% of the shares of Alitalia with an exchange of 160 shares for each share of Alitalia Air France-KLM, and a 'takeover bid for 100% of Alitalia convertible bonds. 'S offer, however, depends on reaching an agreement with trade unions and a solution for Alitalia for the elimination of risk in relation to litigation with the SEA, which asked 1.250000000000 euro in compensation for cutting flights at Malpensa. Alitalia will maintain an independent role, however, Italian identity and brand, logo and livery. Expected between the 'other redundancies for 1600 units. If the Ministry of Economy will join the offer, the Italian state has a share of 1, 4% stake in the Franco-Dutch group and the Italian Council for six years on the Board of Alitalia. Alitalia's fleet will shrink to 149 aircraft. The new group will be based on three hub, Amsterdam, Paris and Rome. Then March 31 came a "no" almost unanimous proposals of Air France by CGIL, CISL, UIL, UGL and SDL, but also by the pilots dell'Anpac. The government, meanwhile, urged the Sea (which manages the airport of Malpensa) to withdraw the appeal because if it did "not take risks that may result." In these events we have witnessed three stages in which they appeared ever more concrete risk of having to carry books to court and finally closed with a bankruptcy court. From a time, the three phases are crossed, and draft business plans have followed one after the other, the conflicts have increased, strikes and inefficiencies (real or imagined) have eroded the trust of the public. Still are entering a new phase in comparison. It will be the right one? With the summer begins and the CAI consortium of entrepreneurs with them a new business plan to relaunch of the company. These entrepreneurs are driven by Roberto Colaninno who already was involved in some business affaires, as the purchase of Telecom and the acquisition of Piaggio in Pontedera .. The new business plan to separate, with a special decree of March, the old society with the aim to create two. A healthy activities will be built with the old, the other debt, will be brought to the police station and failure, in short, a reinterpretation of history Cirio, Parmalat, Argentine bonds. In this new company off into banks and industrial finance, with around one million euro, the new company. The new Alitalia will acquire part of Air One, its principal competitor in the domestic market, with the aim to recapture and reposition itself on the domestic market. The redundancy of work units will be deployed early retirement with an appropriate plan and / or program. Enter-in the new company with a minority stake in a foreign partner, yet to be decided based on who offers more.
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