Author Topic: Alitalia Bankruptcy  (Read 9558 times)

Offline MoMo22

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Alitalia Bankruptcy
« on: May 02, 2017, 08:47:31 AM »
Does anyone know if the Alitalia Bankruptcy is truee and if yes what is the trip protection policy from American Express

Online TimT

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Re: Alitalia Bankruptcy
« Reply #1 on: May 02, 2017, 08:53:50 AM »
Does anyone know if the Alitalia Bankruptcy is true
It's currently heading down that path.

Offline shmoe joe

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Re: Alitalia Bankruptcy
« Reply #2 on: May 02, 2017, 09:26:36 AM »
Does anyone know if the Alitalia Bankruptcy is truee and if yes what is the trip protection policy from American Express
http://corporate.alitalia.it/en/media/press-releases-sai/2017-05-02.html
But why a new thread?!?!
give some love (likes) to a brother!

Offline MoMo22

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Re: Alitalia Bankruptcy
« Reply #3 on: May 02, 2017, 09:38:05 AM »

Offline mmgfarb

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Offline Ez

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Re: Alitalia Bankruptcy
« Reply #5 on: May 02, 2017, 10:33:27 AM »
Isn't this a cycle that happens with Alitalia every few years?

Offline Moshe26

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Re: Alitalia Bankruptcy
« Reply #6 on: May 02, 2017, 11:42:23 AM »
so is it wise to book flights for beg of Aug from TLV to NYC with them? currently they are the cheapest with a very short stop.

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Re: Alitalia Bankruptcy
« Reply #7 on: May 02, 2017, 11:43:48 AM »
so is it wise to book flights for beg of Aug from TLV to NYC with them? currently they are the cheapest with a very short stop.
I wouldn't see a problem. If you're concerned just make sure to get travel insurance that protects you from financial default (though for all we know, insurance carriers might be excluding Alitalia now - you would need to verify).
I've been waiting over 5 years with bated breath for someone to say that!
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Offline shaulyaakov

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Re: Alitalia Bankruptcy
« Reply #8 on: May 02, 2017, 11:52:21 AM »
Bankruptcy =/= default or impact on operations.

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Re: Alitalia Bankruptcy
« Reply #9 on: May 02, 2017, 12:20:52 PM »
Bankruptcy =/= default or impact on operations.
In many cases, but in some, it might (Transaero anyone?) so caveat emptor!
I've been waiting over 5 years with bated breath for someone to say that!
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Offline MoMo22

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Re: Alitalia Bankruptcy
« Reply #10 on: May 02, 2017, 01:18:24 PM »
I contact American Express about this concern and they said that if they do bankrupt I can dispute this charge

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Re: Alitalia Bankruptcy
« Reply #11 on: May 02, 2017, 01:53:59 PM »
I contact American Express about this concern and they said that if they do bankrupt I can dispute this charge
That sounds a little questionable to me.

I am not an attorney, but based on my understanding, at least in the US, if you paid a company for something, and before they provided it to you they filed for bankruptcy, their obligation to you becomes part of the bankruptcy filing. I am not so sure it can be refunded without court approval (at least of the general terms of the bankruptcy, providing guidelines for things like this).
I've been waiting over 5 years with bated breath for someone to say that!
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Offline yochai

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Re: Alitalia Bankruptcy
« Reply #12 on: May 02, 2017, 02:23:56 PM »
I have a ticket for the end of june on alitalia with the return operated by air france at the end of august. will AF honour the tickets if AZ go bankrupt?

Offline yuds70

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Re: Alitalia Bankruptcy
« Reply #13 on: May 02, 2017, 02:47:56 PM »
Seems as they got a short term lifeline for the next six months. It says the schedule will not change. So, It seems that If your flight is within 6 months your fine.

Taken from the article:
"Rome also threw the airline a short-term lifeline by guaranteeing a bridge loan of 600 million euros ($655 million) for six months to see it through the bankruptcy process.

"We wanted to protect ticketed passengers and Alitalia's workers until a suitable buyer is found to preserve the value of a company that has such a legacy brand and is so important for domestic connections,".

http://www.reuters.com/article/us-alitalia-restructuring-idUSKBN17Y115
Make stuff happen.

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Re: Alitalia Bankruptcy
« Reply #14 on: May 02, 2017, 03:00:26 PM »
Seems as they got a short term lifeline for the next six months. It says the schedule will not change. So, It seems that If your flight is within 6 months your fine.

Taken from the article:
"Rome also threw the airline a short-term lifeline by guaranteeing a bridge loan of 600 million euros ($655 million) for six months to see it through the bankruptcy process.

"We wanted to protect ticketed passengers and Alitalia's workers until a suitable buyer is found to preserve the value of a company that has such a legacy brand and is so important for domestic connections,".

http://www.reuters.com/article/us-alitalia-restructuring-idUSKBN17Y115

Never underestimate the ability of Europeans to kick the can down the road!
I've been waiting over 5 years with bated breath for someone to say that!
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Offline Moshe123

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Re: Alitalia Bankruptcy
« Reply #15 on: May 02, 2017, 03:09:39 PM »
Never underestimate the ability of Europeans to kick the can down the road!

This times 50 billion.

Offline brooklyndan

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Re: Alitalia Bankruptcy
« Reply #16 on: May 24, 2017, 04:16:08 AM »
No wonder I found such cheap flights on Alitalia - $550 r/t TLV to JFK

Offline MeirS

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Re: Alitalia Bankruptcy
« Reply #17 on: May 25, 2017, 05:03:14 PM »
Hey, if you give me 600 I'll get you to Israel for just $500!

Offline B.D.Da'ehu

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Re: Alitalia Bankruptcy
« Reply #18 on: June 28, 2017, 06:14:39 PM »
Saw this on FT:


"According to this article in Italian http://www.giannidragoni.it/economia/696/ Delta is preparing a joint offer with AF/KL, where the former gets ~49% and AF/KL the remaining 51%, as required by European regulations. Apparently, there will be a joint meeting in Paris to sort out the details of the offer."

Offline PlatinumGuy

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Re: Alitalia Bankruptcy
« Reply #19 on: June 28, 2017, 06:24:03 PM »
Saw this on FT:


"According to this article in Italian http://www.giannidragoni.it/economia/696/ Delta is preparing a joint offer with AF/KL, where the former gets ~49% and AF/KL the remaining 51%, as required by European regulations. Apparently, there will be a joint meeting in Paris to sort out the details of the offer."


Delta execs don't want to summer in Atlanta...
״וזה כלל גדול: שישנא אדם כל דבר שקר. וכל מה שיוסיף שנאה לדרכי השקר יוסיף אהבה לתורה.״ - אורחות צדיקים