Republic - June 23, 2001
LONDON - Air France and 'American Delta will be the allies of' Alitalia, which will enter into the global network Sky Team. Negotiations are still ongoing and the matter must be examined by the new government. However, the 'agreement will be signed before the summer'. This was said yesterday to members of the board of 'directors of the company Francesco Mengozzi, who also illustrated the guidelines of the new Business Plan 20022006. A plan, stated 's CEO, which aims to support its alliances on the competitive ability of' Alitalia, particularly in the international and intercontinental network and on the redesign of the system and the airport of Linate and Milan Malpensa. 'The examination of the situation of the company - to explain' Alitalia - shows that the network launched in 1998, with the 'introduction of the' hub of Malpensa, is still not competitive, since the share of the company in some markets is key weakened, particularly in the north. In addition, the fleet is inadequate in part. " Strategic interventions will be based on eight new business plan, which will be completed after the 'summer and will have to overcome those critical issues that have hampered the pursuit of the goals stated in the previous business plan for the last financial year and for 2001. According to Mengozzi said the members of the Board 's administration will meet again in mid-July to get back on top the' Alitalia should focus on a new route network, focusing on strengthening the company in its home market of choice, namely Italian, a significant increase of 'the productivity of' company through an incisive intervention on cost, thinking of the contracts to be renewed and strikes in recent weeks and announced on the revitalization of initiatives to enhance the human resources. In particular, the new plan will use the leverage of alliances to support the competitiveness of the company on international and intercontinental product and will provide a final and permanent solution of the 'set-Milan airport, a policy of adjusting the fleet to the network, as well as a strengthening of marketing and trade policies. "Without the involvement of employees Mengozzi can not go too far," warned yesterday Anpac pilots Scarl shareholders of the mouth of Michael Cicia, who accused the 'CEO to exclude workers from the company's choices. A meeting with the Ministers of Transport and the Treasury has already been requested by the pilots. Meanwhile European Commissioner Loyola de Palacio announced that Sabena will not rely on state aid for its recovery. The Belgian company closed the year 2000 with a loss of EUR 325 million, about 630 billion lire, and would require a recapitalization plan for a total of 500 million euro, approximately 1,000 billion lire, which should cope with the two controlling shareholders, namely the Belgian state (50.5 percent) and SAirGroup which owns Swissair (49.5 percent). SAirGroup has already indicated that it intends to invest further sums in Belgian airline. But yesterday the Belgian prime minister has threatened to ask the Swissair damage to hundreds of billions if it does not intervene in the recapitalization della Sabena. - EDOARDO BORRIELLO
LONDON - Air France and 'American Delta will be the allies of' Alitalia, which will enter into the global network Sky Team. Negotiations are still ongoing and the matter must be examined by the new government. However, the 'agreement will be signed before the summer'. This was said yesterday to members of the board of 'directors of the company Francesco Mengozzi, who also illustrated the guidelines of the new Business Plan 20022006. A plan, stated 's CEO, which aims to support its alliances on the competitive ability of' Alitalia, particularly in the international and intercontinental network and on the redesign of the system and the airport of Linate and Milan Malpensa. 'The examination of the situation of the company - to explain' Alitalia - shows that the network launched in 1998, with the 'introduction of the' hub of Malpensa, is still not competitive, since the share of the company in some markets is key weakened, particularly in the north. In addition, the fleet is inadequate in part. " Strategic interventions will be based on eight new business plan, which will be completed after the 'summer and will have to overcome those critical issues that have hampered the pursuit of the goals stated in the previous business plan for the last financial year and for 2001. According to Mengozzi said the members of the Board 's administration will meet again in mid-July to get back on top the' Alitalia should focus on a new route network, focusing on strengthening the company in its home market of choice, namely Italian, a significant increase of 'the productivity of' company through an incisive intervention on cost, thinking of the contracts to be renewed and strikes in recent weeks and announced on the revitalization of initiatives to enhance the human resources. In particular, the new plan will use the leverage of alliances to support the competitiveness of the company on international and intercontinental product and will provide a final and permanent solution of the 'set-Milan airport, a policy of adjusting the fleet to the network, as well as a strengthening of marketing and trade policies. "Without the involvement of employees Mengozzi can not go too far," warned yesterday Anpac pilots Scarl shareholders of the mouth of Michael Cicia, who accused the 'CEO to exclude workers from the company's choices. A meeting with the Ministers of Transport and the Treasury has already been requested by the pilots. Meanwhile European Commissioner Loyola de Palacio announced that Sabena will not rely on state aid for its recovery. The Belgian company closed the year 2000 with a loss of EUR 325 million, about 630 billion lire, and would require a recapitalization plan for a total of 500 million euro, approximately 1,000 billion lire, which should cope with the two controlling shareholders, namely the Belgian state (50.5 percent) and SAirGroup which owns Swissair (49.5 percent). SAirGroup has already indicated that it intends to invest further sums in Belgian airline. But yesterday the Belgian prime minister has threatened to ask the Swissair damage to hundreds of billions if it does not intervene in the recapitalization della Sabena. - EDOARDO BORRIELLO
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