Alitalia takes off today towards the commissariat. Six months to decide whether to decree the definitive bankruptcy and liquidation of the company or to sell it en bloc or, more likely, piecemeal. This is the scenario towards which Alitalia is starting to move towards today.
During the day, the shareholders' meeting and the Board of Directors meet and must ask the Government to open receivership. And this is the first step.
Subsequently, the Government has two ready moves. In the first place, he will decree the commissioning of the company by appointing the commissioners, among whom Gubitosi, the former Director General of Rai, is in pole position, while the hypothesis of appointing Mauro Moretti, the former CEO of Leonardo-Finmeccanica who immediately called off.
Secondly, the Government will grant Alitalia a 500 million bridging loan which will be used to fly the planes and carry on ordinary business until the end of the receivership, scheduled for the end of the year, when it will be clear whether there are buyers behind the corner or if the company is doomed to inexorably take the books to court and disappear.
On the other hand, the nationalization of Alitalia at the expense of taxpayers, which the European Union would never approve, is completely impossible. The intervention of Cassa Depositi e Prestiti, which the unions would like to remedy the clamorous rejection of the Government.Alitalia-unions pre-agreement by the workers, is also very unlikely. It is the very statute of Cdp that prevents the Cassa from entering the capital with the money from postal savings to save once again a decayed company like Alitalia, reduced to poverty by the interference of political politics, by the incapacity of the managers of the last ten years and by the short-sightedness of the trade unions which, at the time of the second Prodi government, rejected the merger with Air France, opening the doors wide to Silvio Berlusconi's demagogic electoral campaign in defense of the Italian spirit and calling the famous "brave captains" with the disastrous results that have been seen and with costs borne by the State that have already risen to over 7 billion euros.
