• Alitalia: Fs has requested an extension of at least 8 weeks for the offer
  • Cda Atlantia and Fs: willingness to continue on Alitalia plan, but an industrial partner is needed
  • Alitalia: decisive hours, last comparisons awaiting Lufthansa, Fs and Atlantia
  • Alitalia, in September, continues to grow long-haul flights

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October 17, 2019A still oxygen in Alitalia's coffers waiting for the composition of the rescue consortium to be defined. The Government has included another 350 million in Alitalia's coffers to allow operations until the participants in the operation are certain. Meanwhile, the Lufthansa company also remains with one foot in the negotiations.

Bridge loan
In the fiscal decree, in order to deal with "undelayable managerial needs", the Government has provided for the allocation of a new 6-month bridging loan of 350 million euros which, added to the previously allocated 900 million euros, make 1.25 billion euros. "The loan - the text of the decree states - is granted with the application of interest at the six-month Euribor rate published on the business day prior to the disbursement date, increased by 1,000 basis points, and is returned, in prededuction, with priority with respect to any other debt of the procedure, within six months of the disbursement and, in any case, within 30 days of the effectiveness of the sale of the business complexes ".

Partner hunting
News on the front of the partners that should be part of the company re-launch consortium. If officially Lufthansa remains firm in its availability for a commercial partnership, something moves on the front of an entry into the capital. The German company, according to what has been learned, would be evaluating an equity participation, accepting - other news compared to the position expressed in the past - a public presence in the new company (be it Mef or even Fs).

Atlantia cheers Lufthansa
The largest sponsor of Lufthansa is Atlantia (which today closes on the Stock Exchange with a + 1.17%, driven by the hypothesis of an entry by Lufthansa into Alitalia) which would prefer it, in the future shareholding structure, to Delta with which it has so far failed to find an agreement on routes to North America and Alitalia's role in the Blue Sky joint venture. This intention was clearly manifested in recent days by the owner Luciano Benetton who used flattering words about Lufthansa. Fs, on the other hand, is less convinced than this hypothesis, more tied to Delta, with whom, in recent months, it began to write the business plan. The decision of the Minister of Economic Development, Stefano Patuanelli, is then awaited on the two-month extension requested by Atlantia and Fs, but in the light of the new bridging loan there should be no surprises.