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Alitalia to Airfrance or the Treasury

According to an investigation published today by "La Repubblica", the accounts of the national airline still do not add up and there are only two possibilities in sight: the transfer to the French or the return to the hands of the State - The newspaper also refers to shareholders "divided between them and short of money”, who are preparing to play the joker of creative finance.

Alitalia to Airfrance or the Treasury

Alitalia at the crossroads: either it passes into the hands of Air France, or it returns under the protective wing of the Treasury. According to what we read today in "La Repubblica", the accounts of the national airline, despite the work of the Cai consortium, still don't add up. The company loses 630 thousand euros a day, the 735 million red accumulated in the four years of private management have burned almost all the capital and the cash on hand has dwindled to 300 million.

The newspaper also refers to shareholders "divided among themselves and short of money", who are preparing to play the joker of creative finance (the spin-off with the maxi revaluation of the Mille Miglia) to avoid having to dig into their wallets and recapitalize the company .

On January 12, the lock-up will expire and shareholders will be able to sell their holdings. In the space of a few months, therefore, the future of the national airline will be decided again, suspended between the temptation of a creeping renationalization and a sale at preferential prices to Air France. 

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