Friday, August 29, 2008

Thank You Zoom. Good Luck Alitalia.

This article's supposed to be on Alitalia and the last masterpiece of the always surprising President Berlusconi. I know. That's what we'll talk about, but starting from the end of the story of the small British-Canadian Zoom air-lines.
I was thinking the way an article about Alitalia and Italia could begin when i found the answer in my mail box. In the same week i received two e-mails, one from Alitalia and one from Zoom. Zoom wrote me because i flew with them last march to Italy. Incredible experience: New York - Bermuda - London - 3 hrs bus transfer - Milan. 300 dollars. Round trip. They wrote me a very sad mail in which they were communicating their going out of business. Bankrupt. Due to the oil price. The company founded in 2001 honestly and clearly apologized with passengers and investors informing that they had based their business models on oil prices of about 70 to 80 dollars. Not 150. Everything collapsed. So quickly. So honestly. So clearly.
The mail was very regretful, they were trying to make me feel close to them. You can read the text i received linking on
As you know Alitalia have been under lights for years because of the ridiculous financial situation involving the "italian Compani". The first difference between Italy and Canada or England is that in my country air-lines companies never go bankrupt. Never. Nobody knows why. Even if the disaster of the debts condemned (Al)Italia and many others to bankrupt long time ago. They always survived. They're stronger. At the end all those debts are any thing but numbers on monitors and papers. Aren't they?
Also the mail i received looked different.

Dear costumer,
Alitalia informs you that your AZ flight has been cancelled. For further details and in order to change your reservation please get in contact with Alitalia call center.

That's it. Not bad ah? Any way, to be honest i called and a nice and polite operator quickly picked up the phone informing me that i obviously and unfortunately had to call another number.
The mail Alitalia wrote me was not about its going out of business. It was about a change of schedule due to the dark operations that Berlusconi is going to invent -or that already invented- to finally destroy the AirLine and Malpensa 2000 airport.
As any other Italian story looks very complicated but at the end is very simple. And what Berlusconi is trying to do in a view to solve the situation is dramatically ridiculous. The position he took, the operation he invented, is deeply in contrast with the institutional role he's covering. He his the chief of the Italian Government. He's supposed to work for all the people. In this case he's supposed to take priorly care at the interests of workers and small share holders. Or not!? Am i wrong? Ok, what's his proposition? In a few word is a very fucked up project to give all the debts of the company to the public side of it (citizens and taxes), creating a new shiny company, under the name of NewCo involving the big names of the Italian financial gotha. Mostly banks of course. Intesa-San Paolo bank already put on the plate 100 million Euros. In the mean time Berlusconi is trying to skip a very useful Italian anti-trust low in a view to join Alitalia with Air One (another miraculous). On this point the European Commission is gonna pronounce its opinion soon. But you know what i learned? I read that the European commissar that will take decision on the matter is Mr. Tajani the historically and pathetic Berlusconi's speaker. He'd been serving the boss for many years. Isn't it tragic? So the most important Italian air line will be cut in two different and opposite sides. One will get the paradise with the bank, and the other is gonna get the hell with us. There's gonna be workers, pilots, employees, investors in the both sides. In the bad one supposedly 7.000 people. 7000.
At the time Air-France was interested at the deal they supposed to put under public program more or less 2000 people. But Silvio iced the interest of Air France announcing -right before the elections- that Alitalia would rest for ever under the Italian flag. He told journalists that maybe his son was thinking about buying it...come on. By the way, someone think that this is the most classic, basic, case of insider trading.
Trade unions are preparing the big battle to avoid citizens and workers to pay for the incompetence and the corruption of the system that drove Alitalia to this point. People is going to pay to let banks make the perfect affair.
Thank you for your time and attention.

No comments: