Aviation
Commercial /
Europe
Dispute in Europe
Ryanair appeals against state support of 3 billion euros in favor of ITA (Italia Transporto Aereo), Alitalia's replacement
Boeing 737-800 da Ryanair
Bene Riobó, CC BY-SA 4.0, via Wikimedia Commons
Rafael Ramos
6/16/2021
Italy intends to make a billion-dollar investment to launch a new airline, ITA (Italia Transporto Aereo), a replacement for Alitália.
A deal that injects 3 billion euros into the company is close to being closed by the Italian government, contrary to European regulations on the matter.
Airbus A320-200 da Alitalia
Ken Fielding, CC BY-SA 3.0, via Wikimedia Commons
The Dutch company Ryanair considers the maneuver unfair and will appeal to the European Commission.
"We're waiting to see it, but it's clear it's illegal aid and we're going to defend our interests by appealing this umpteenth loan," said Eddie Wilson, an executive at Ryanair.
“I have the impression that there is nothing new, the ITA will be just the extension of Alitalia, with the same problems that have been seen for decades. The same waste of public resources in an airline that today, as yesterday, will lose money”, added Wilson.
Alitalia has been liquidated and recreated a few times in recent years. Due to financial crises, investments were not enough to reverse the situation and the inefficient business model.
Ryanair is asking the European Union to bid for slots at airports operated by Alitalia. The Dutch was interested in acquiring the slots.
Hyperlinks:
...
...
...
Rafael Ramos
Aviation enthusiast from an early age, he had his first contacts with the area developing that good old habit of spending dozens of hours in front of the screens of Micrsoft Flight Simulator and other simulators. With a solid background in various technological areas, including engineering and chemistry, Rafael has rejoined aviation as editor and author of articles and materials on our portal, providing invaluable help to the dynamics and expansion of the website and the aeronautical community, bringing us the news and updates so indispensable for us to remain current in our area of operation.
   
|