Here's the CDA of the new Alitalia, now the 3bn euros to attempt the venture
It has taken many months, perhaps too many, but finally the government has decided to appoint the team destined to [...]
Alitalia
It has taken many months, perhaps too many, but the government has finally made up its mind to appoint the team destined to accomplish the feat, to triumph where the brave captains and Etihad's petrodollars failed before, namely to relaunch and make profitable Alitalia.
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Two names were already known: that of Fabio Lazzerini, who will be the CEO, and the new chairman Francis Caius, who chairs Saipem's board of directors today.
Among the news, however, ASPI executive Simonetta Giordani e Silvio Martuccelli, professor of civil law at the Luiss by Rome.
There are two technicians: Frances Ouseley, formerly Italy director of Easy Jet and andLelio Fornabaio, accountant. Also part of the crew are former minister Angelo Piazza, the executive Cristina Girelli and the European Lawyer Alessandra Fratini.
Now that the board of directors has been appointed, a decree is awaited that will christen the newco and inject 3bn euros that will be used for the revitalization, yet another, of the company.
So, all that remains is to wait and find out whether the promises will become reality. The newly appointed CEO revealed that the new Alitalia will focus on a modern and green fleet and will take advantage of the covid-19 crisis to restart on par with other airlines.
According to early rumors, the long-haul fleet will be Boeing, while the short/medium-haul will be Airbus. The new planes will reportedly take off as early as early 2021.
"We will take advantage of the economic situation to extract bargain prices for the new fleet," explained Lazzerini, and he may not be wrong since many companies have gone out of business in recent months, others have cancelled orders or rescheduled deliveries, and this may benefit AZ even though Airbus 220/300s and Boeing 787s remain the most popular in the market for their fuel efficiency and operating costs.
The fact that the former CEO of EasyJet Italy will then be on the team gives hope that no unnecessary attempts will be made to fight the low-cost airlines, or at least we will know what mistakes should not be made.
