Alitalia: firmato memorandum d'intesa per il 49% di Air Malta

  • Autore Discussione Autore Discussione Dome
  • Data d'inizio Data d'inizio

Direttamente nulla. Ma non bisogna sottovalutare il forte legame di Malta con UK. Un'acquisizione di quote in un contesto europeo pre brexit è molto diverso da oggi. UK tenterà di ritagliarsi un maggiore ruolo nella politica mondiale ad ogni livello. E, per non rischiare di essere isolato, credo riunirà attorno a se tutti quei paesi sui quali ha un forte ascendente e tra questi Malta senza dubbio. In questa ottica, potrebbe condizionare il percorso iniziato da Az per l'acquisto delle quote KM.
E' una ipotesi, lo so, ma probabile.
Quello che non comprende tale ipotesi è perchè Malta dovrebbe correre dietro all'istinto suicida del Regno Unito?
A sto giro gli va grassa se Scozia e Nord Irlanda non fanno ciao ciao al Regno Unito, già ora hanno un saldo estremamente vantaggioso di finanziamenti con la UE, figuriamoci cosa potrebbero ottenere in caso di uscita dal Regno Unito e remain in UE. Il problema è che per l'UK è una scelta demenziale visto che far parte della UE con tutta una serie di distunguo portava i vantaggi eliminando molti degli svantaggi.
 
Direttamente nulla. Ma non bisogna sottovalutare il forte legame di Malta con UK. Un'acquisizione di quote in un contesto europeo pre brexit è molto diverso da oggi. UK tenterà di ritagliarsi un maggiore ruolo nella politica mondiale ad ogni livello. E, per non rischiare di essere isolato, credo riunirà attorno a se tutti quei paesi sui quali ha un forte ascendente e tra questi Malta senza dubbio. In questa ottica, potrebbe condizionare il percorso iniziato da Az per l'acquisto delle quote KM.
E' una ipotesi, lo so, ma probabile.

E' un'ipotesi e' vero. Sulla sua probabilita' ci sarebbe molto da discutere
 
Quello che non comprende tale ipotesi è perchè Malta dovrebbe correre dietro all'istinto suicida del Regno Unito?
A sto giro gli va grassa se Scozia e Nord Irlanda non fanno ciao ciao al Regno Unito, già ora hanno un saldo estremamente vantaggioso di finanziamenti con la UE, figuriamoci cosa potrebbero ottenere in caso di uscita dal Regno Unito e remain in UE. Il problema è che per l'UK è una scelta demenziale visto che far parte della UE con tutta una serie di distunguo portava i vantaggi eliminando molti degli svantaggi.


Non ho detto questo. Credo, come tutti noi, che i britannici abbiano fatto male ad esprimersi in tal modo perchè i vantaggi che avevano erano davvero notevoli, maggiori di qualsiasi altro stato membro dell' UE. Figuriamoci i maltesi. Ed è proprio per questo che il Regno Unito farà di tutto per aggregare attorno a se vecchi e nuovi amici. Questo non significa che riuscirà nel suo intento, ma ne sono sicuro ci tenterà.
 
E' un'ipotesi e' vero. Sulla sua probabilita' ci sarebbe molto da discutere

IMPACT ON MALTA
Malta had been backing calls for the UK to stay in the EU.
The sudden drop in the value of the Sterling is likely to hurt the Maltese tourism industry, as European holidays become more expensive for Brits. Britain is Malta's biggest tourist market. The Malta Hotels and Restaurants Association made mention of this threat, though it also said that the fallout would be "more complicated".
Conversely, UK holidays for the Maltese would be cheaper. Buying goods from the UK would also be cheaper, but that may not last long if the UK loses free trade arrangements within the EU and customs are reintroduced. Maltese exports would be more expensive.
The Brexit decision could also have a significant impact on the EU's agenda while Malta is EU president in the first half of next year, potentially sidelining issues Malta would like to give prominence to.
Britain's departure from the EU could also see Malta losing a valuable ally as it resists efforts for tax harmonisation in the bloc, something seen as important for the financial services industry.
On the other hand, Malta could benefit as an EU financial jurisdiction if financial companies decide to quit London.
The British Brexit decision also raises questions on a range of other issues. For example, will Air Malta continue to enjoy Open Skies arrangements in the UK, and how would that impact on the sale of equity in the airline?
Will Maltese living and working in the UK (and vice versa) face new hurdles? Will Maltese students continue to be able to study in UK university under the current terms?
The treatment of Maltese patients in UK hospitals is not likely to be affected since that is regulated by reciprocal arrangements.
Britain's departure from the EU could also cause a hole in the EU budget, with the UK currently contributing some £350 million a week. That might require Malta (and other countries) to raise its contribution, or scale back its receipts from the EU

dal TIMESOFMALTA.COM
 
Talks between government, Air Malta and Alitalia ‘ongoing’
Gabriel SchembriMonday, 4 July 2016, 09:04Last update: about 3 hours ago

Talks between the government and Alitalia are ongoing, a government spokesperson has confirmed.

When the talks between Air Malta and Alitalia were announced, Alitalia Chairman Luca Cordero di Montezemolo had said that “maybe, the two parties would be able to take a final decision by end of June”.

Once the deadline given by the Alitalia expired, The Malta Independent sent a number of questions to the Ministry for Tourism.

In a reply, the Ministry’s spokesperson said that talks between the two parties are still ongoing and that the “Government’s priority is to secure the best possible deal which assures a sustainable solution for Air Malta. A thorough analysis of the proposed business plan must be done and a decision will be taken and communicated once that process is complete.”

In May, Mr Montezemolo was quoted as saying "We spoke about it only yesterday during the board meeting. We are at present looking into Air Malta's state of affairs and in summer, maybe at the board meeting before the end of June and maybe we will be in a position to take a decision.”

He added: "If we go on, it is a zero risk operation, maybe even less than zero. It is an investment of not even one euro for Alitalia but which can provide interesting connections to Sicily.

"Let us work; we are doing not just a due diligence on the economic level and the (Air Malta) management will have nothing to do with that of Alitalia."

By the end of April this year, the Minister for Tourism Edward Zammit Lewis had announced that a memorandum of understanding had been signed with Air Malta which will open up the negotiations leading to the sale of 49% of the national carrier’s stake to Alitalia.

The government's intention is to keep the majority stake in the national airline, and great attention will be given to the future of the workers, the Minister had said.
 
http://www.timesofmalta.com/article...oceeding-at-strong-pace-prime-minister.619722
Air Malta/Alitalia talks proceeding 'at strong pace' - prime minister

Talks for Alitalia to become an Air Malta strategic partner and 49 per cent shareholder are proceeding at a strong pace, but the deal will not go ahead unless it is beneficial for the Maltese airline, the prime minister said.

"Every side in talks pulls towards its interests, we will not go bowl in hand to Alitalia, we will seek our interests, and if it suits us we will go forward. If not, we will look elsewhere," Dr Muscat said.

He said on Radio Malta’s Ghandi xi Nghid programme that the outcome of the talks is expected to become clear in a number of weeks once current studies are concluded.

He would not be hostage to the clock or to the EU, although EU rules would be respected, Dr Muscat said.

The prime minister denied that the airline had asked the courts to ban industrial action at Air Malta. What it had requested, he said, was a ban on actions which were out of proportion. "I cannot stop any trade union from exercising its constitutional rights," Dr Muscat said. But in pay talks in the current situation, a strike could be counter productive and put people's jobs at risk.


 
Air Malta*and*Alitalia*(Italy) to set up a new company in a bid to free the Maltese national carrier from all current debts, according to agreement in principle.
 


Talks between Air Malta and Alitalia have led to an agreement in principle to set up a new company in a bid to free the Maltese national carrier from all current debts, the*Times of Maltais informed.

During a hearing on its ongoing dispute with the pilots, Air Malta admitted in court last week that, despite the five-year restructuring programme, it still had about €66 million in outstanding debts.

Civil aviation industry sources said the Maltese government had already made it clear during the talks with the Italian airline, which is interested in buying a 49 per cent stake in Air Malta, it was willing to absorb all outstanding debts so the new partnership could start with a clean balance sheet.

“Alitalia and the Maltese government have already agreed that a new airline company will be created which will be freed of debt. The excess loans would be absorbed by the government,” the sources said.

Although such an arrangement was very much a done deal, the sources noted that, if the green light of the European Commission would be required before proceeding to formalise the agreement, problems might arise in view of strict EU State aid rules.

The two sides are studying various options on how to present such an arrangement to avoid having problems with Brussels

“At this stage, the two sides are studying various options on how to present such an arrangement to avoid having problems with Brussels,” the sources said.

These developments are in line with public comments made by the chairman of Alitalia a few weeks ago. Luca Cordero de Montezemolo said Alitalia would not be investing a single euro in Air Malta, adding that the Italian carrier’s risk in such merger would be “sotto zero” (less than zero).

The deal being negotiated with Alitalia contemplates that, while reducing significantly Air Malta’s current workforce to make it a leaner organisation, none of the employees on its books will be losing their job. Excess workers will be transferred to a government-owned company, as had happened to Enemalta employees.

Certain non-core operations of the airline, including the engineering and ground handling departments, will be hived off from the new company and will then be contracted according to its exigencies, which vary because of seasonality.

Both parties are also working on a new route network, which will include more frequent flights between Malta and Italian major airports from where passengers can then be transferred onto other flights in the Alitalia/Etihad global networks. However, the new Air Malta will still keep flying to key airports, although frequency might be reduced.

Since the start of the restructuring programme in 2011, the government has pumped about €200 million into the airline to put it back into the black. During the last year of the programme, Air Malta had to register a loss of below €4 million.

The airline’s latest financial results have not been published yet.
 
The first details of Air Malta's proposed business model under a tentative equity partnership with Alitalia (AZ, Rome Fiumicino) have been revealed.

The Times of Malta, quoting a copy of the plan, says that between 2017 and 2020, Air Malta (KM, Malta) will be repositioned as a regional Mediterranean carrier specializing in the Middle Eastern and North African (MENA) markets as opposed to an O&D operator catering specifically to the Maltese tourism market.

In line with this shift, several loss making European routes will be dropped while frequencies on those that are profitable, such as London Heathrow, Rome Fiumicino, and Brussels National, will be increased. In addition, new routes to Tunis, Tripoli, Casablanca Int'l, Larnaca, and even Jeddah will be developed. In the longterm, Air Malta's fleet will grow from from its current eight (two A319-100s and six A320-200s), to eleven to accommodate the network expansion.

As previously reported, the Maltese government will absorb the new carrier's estimated EUR66 million debt pile while employees deemed surplus to requirements will be transitioned to an as yet-unnamed government entity which would provide the same services albeit as a private sector-based consortium.

A decision on whether or not Alitalia will proceed with its plan to obtain a 49% stake in Air Malta will be made in September/October.

Ch-aviation
 
In line with this shift, several loss making European routes will be dropped while frequencies on those that are profitable, such as London Heathrow, Rome Fiumicino, and Brussels National, will be increased. In addition, new routes to Tunis, Tripoli, Casablanca Int'l, Larnaca, and even Jeddah will be developed. In the longterm, Air Malta's fleet will grow from from its current eight (two A319-100s and six A320-200s), to eleven to accommodate the network expansion.

Dove gli trovano gli slot per aumentare le frequenze su LHR? Inoltre nuove rotte verso Tunisi, Tripoli, Casablanca, ecc sono tutte destinazioni verso cui Alitalia già vola, e non credo che queste rotte abbiano chissà quale traffico p2p con Malta. Oppure Alitalia vorrebbe chiudere le rotte in sofferenza verso il nord africa e passarle ad Air Malta ma in questo caso i pax dovrebbero fare uno scalo se partono da FCO, o addirittura due se partono da altre destinazioni.
 
Dove gli trovano gli slot per aumentare le frequenze su LHR? Inoltre nuove rotte verso Tunisi, Tripoli, Casablanca, ecc sono tutte destinazioni verso cui Alitalia già vola, e non credo che queste rotte abbiano chissà quale traffico p2p con Malta. Oppure Alitalia vorrebbe chiudere le rotte in sofferenza verso il nord africa e passarle ad Air Malta ma in questo caso i pax dovrebbero fare uno scalo se partono da FCO, o addirittura due se partono da altre destinazioni.

Cesare, credi anche che gli asini volino, allo stesso modo con cui citi Tripoli tra le papabili destinazioni?
Ogni tanto facciamoci qualche domanda, nel momento in cui leggiamo certi articoli. Domande sensate, intendo.
 
http://www.maltatoday.com.mt/news/national/70643/alitalia_air_malta_deal_not_dead_#.WAS3VpgrKCQ
Alitalia, Air Malta deal ‘not dead’

While signs indicate that the Air Malta-Alitalia negotiations are not reaching Prime Minister Joseph Muscat's expectations, sources have said the 'discussions are ongoing'

Although Prime Minister Joseph Muscat has made it abundantly clear that he is close to pulling the plug on the deal to sell 49% of Air Malta to Alitalia, sources close to the Italian airline and Air Malta insist that “discussions are ongoing”.

In a clear sign that negotiations with Alitalia were not reaching his expectations, Muscat recently said the government would not sign a deal that is not beneficial to Air Malta.

However, sources close to the airlines are adamant that the deal is not dead and Alitalia sources told MaltaToday that “discussions are ongoing”.

Air Malta has been undergoing a restructuring process costing some €230 million after it was given the green light for state aid under strict European Commission rules and with the airline’s financial sustainability in serious doubt, the part-privatisation of Air Malta is a priority for Muscat’s government.

However, as reported in MaltaToday Midweek, Alitalia itself is in a spot of bother as Abu Dhabi-based airline Etihad, which owns 49% of Alitalia is threatening to withdraw its investment if the Italian government does not honour its promises.

Various reports in the Italian media say that Etihad is “threatening” to withdraw its investment after a mere 18 months, with Alitalia currently losing €500,000 a day.

In an interview with Italian daily newspaper Il Corriere Della Sera, Etihad’s chairman and CEO James Hogan said he was “disappointed” with the Italian government led by Matteo Renzi because “a number of the condition precedents haven’t been met.”

While insisting that the Abu Dhabi airline is committed to Alitalia he warned that the government should do its part. “We’re committed to the partnership, to tackle these issues, but frankly as an investor we need Italy to support us.”

Earlier this year, Alitalia signed a memorandum of understanding with the Maltese government over the possible acquisition of 49% of Air Malta by the Italian airline.

MaltaToday is informed that Alitalia are due to take a final decision on the acquisition this month following a rigorous due diligence exercise.

But if Etihad pull out of Alitalia, it would definitely spell the end of Alitalia’s interest in Air Malta because the Italian airline’s future will be on the line.
 
E' stato pubblicato il bilancio di KM chiuso al 31/03/16. Dati in M€. Tra parentesi i dati del FY14.

Risultati della compagnia.

Revenue: 218 (234)
Risultato operativo: -23.9 (-12.7)
Risultato netto: -30 (-20)

Risultati del gruppo.

Revenue: 218 (234)
Risultato operativo: -24 (-12)
Risultato netto: -39.4 (-20.6)

Da notare che sono stati venduti alcuni asset, tra i quali un albergo.
Infine ricordo che dalla S16 a oggi, FR ha aperto su MLA 12 nuove destinazioni (chiudendone una).

https://amiconmain.blob.core.windows.net/lib-271-public/file-172630