Alitalia has tentatively agreed to merge with Wind Jet and Blue Panorama Airlines. According to AGI reports, Alitalia has signed a MoU with both Italian carriers to this effect. Wind Jet is a LCC operating short haul European services and Blue Panorama operates charter and scheduled services from its Rome and Milan bases. According to Innovata data, Wind Jet and Blue Panorama hold 10.6% and 2.9% of Italy’s domestic capacity, respectively.
Alitalia to merge with Wind Jet and Blue Panorama Airlines
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Delta Airlines remains dismissive of Gulf carriers’ importance as its protectionist stance deepens
Delta Air Lines continues to beat the protectionist drum against the emerging Gulf carriers even as Etihad is reportedly examining a stake in Delta’s fellow SkyTeam member Alitalia.
Beleaguered Alitalia in some ways is at the centre of Delta’s latest in a series of strenuous efforts to stymie expansion by Gulf carriers as it challenges Emirates’ new Milan-New York service in the Italian courts. The stakes for Delta are much higher than a single flight. The carrier appears willing to use litigation to stop Emirates from further expanding on fifth freedom rights to serve points in North America from Western Europe as the region represents roughly one quarter of Delta’s international seat deployment.
Delta is reverting to tactics from a bygone era as the global aviation business continues to change rapidly. The Gulf carriers are a major component of the changes under way and as much as Delta aims to thwart their expansion, the reality is Delta will continue to face new competition from those carriers at every turn. Like some of its long established partners, such as Air France, which went from arch-enemy to ally with Etihad, Delta may just have to coordinate more closely with those airlines if Etihad succeeds in becoming a major stakeholder in Alitalia.
Record airline fleet order backlog has winners & losers - and questions about how it will be funded
The world’s aviation sector ended 2013 with another record backlog for aircraft orders, as the highest ever number of annual orders added to what was already a record backlog. The number of outstanding orders is equivalent to almost half of the fleet in service. In this report, we examine aggregate orders data from the CAPA Fleet Database to highlight trends regarding the winners and losers by region, business model and aircraft category.
For a low margin industry, the challenge of financing all these orders remains significant. For decades, annual capital expenditure has almost always exceeded operating cash flow generated by the world’s airlines. The industry has had to rely on ever more imaginative forms of external financing, demonstrating that, historically, this is a challenge to which they have risen.
These themes will feature in the CAPA Airline Fleet & Finance Summit, which will take place in Singapore from 25-Mar-2014 to 26-Mar-2014.