Alitalia, Leonardo and the smoky floors of Paltrinieri
What does Paltrinieri of the American fund Amonra capital really have in mind on Alitalia? The facts, words and doubts of the Sole 24 Ore
The Alitalia game gets complicated.
The company, now in receivership, led by Commissioner Giuseppe Leogrande, should close its long history with the sale of its activities, as per the call for tenders launched in March 2020 (now suspended). From its ashes it is already born Ita, Italy Air Transport, which would like to take advantage of the suspension of that announcement for the drafting of a new announcement that would make it buy the "aviation" branch.
But from the ashes of Alitalia, according to Robert Flavio Paltrinieri, founder of the Amonra capital group, a new Alitalia could also be born, in which Leonardo, the Italian aerospace giant, would have a leading role. All the details.
THE PLANS OF PALTRINIERI
Let's start with the revolutionary plans. The American fund AmonRa capital, founded by Flavio Robert Paltrinieri and active in the acquisition of European companies and not only in bankruptcy, in real estate, energy, logistics, airports, also wants to save Alitalia.
The fund set up a recovery plan for the Italian airline called “Make Italia Safe”.
BET ON AFRICA
The plan, writes Affaritaliani.it who heard Paltrinieri , provides that the new hypothetical Alitalia can aim at long-range flights and Point to Point (short and short-haul routes), "which enhances the only continent left free and profitable , Africa and involving two external technical partners, guaranteeing the maintenance of employment and providing for the recruitment of a further 5,000 units ”.
LEONARDO'S ROLE IN THE NEW ALITALIA
And not only. According to the American fund, Alitalia should also become the protagonist of the new mobility of aero-taxi drones, with the entry into play of Leonardo, a company active in the aerospace sector, led by Alessandro Profumo and controlled by the Treasury.
For this purpose, Alitalia should only exploit the infrastructure already present in the country, namely the 120 airports.
A MEETING WITH THE TRADE UNIONS
Flavio Robert Paltrinieri will also present the ambitious project to the trade unions, which, writes Il Sole 24 Ore , have already received the invitation "to the meeting concerning the Alitalia reorganization project", scheduled for 19 February in Piazza Barberini in Rome, "headquarters Italian representative of the Amonra Capital Group ".
THE COMMENT OF THE SUN 24 HOURS ON THE US BOTTOM
"A mysterious American fund", commented today in Sole 24 Ore Gianni Dragoni: on the website, the fund "defines itself as dedicated above all to the acquisition of companies in bankruptcy, in real estate (also in Italy), energy, logistics, airports, also operating in Albania, Cameroon, Chad, Senegal, Romania, Spain, United States. Amonra is Amon, an ancient Egyptian deity. There is no financial data. The unions have received with skepticism the invitation of the mysterious suitor in a match in which Alitalia risks being left with the planes on the ground ”.
THE NOTICE OF MARCH 2020
What is certain is that Alitalia's future seemed already drawn. With a call in March 2020, Alitalia was ready to celebrate its funeral and to sell all its assets. At that call, now suspended but technically valid, the consortium led by Almaviva, Synergy Group of German Efromovich, USAerospace, writes The Economy of Corriere della Sera , had expressed interest in buying all of Alitalia. Other subjects had shown interest in handling and maintenance.
THE INTENTIONS OF ITA
Ita, Italia Transport Aereo would like to take advantage of the suspended tender, which proposed to the Alitalia commissioner, Giuseppe Leogrande, that he wanted to buy the aviation branch.
This could happen either by exploiting the call for tenders suspended last spring and never canceled (no one had made a proposal for the aviation branch only) or by drafting a new call for tenders.
THE STATEMENTS OF USAEROSPACE
Ita's intentions, however, find a stumbling block in Usaerospace, which participated in the old March announcement. With the birth of the Draghi government "after months of total absence of the topic from the media, Usaerospace has had the opportunity to note in authoritative national newspapers the reiteration of a position that declares as the only way that can be pursued for the 'rescue of the Compagnia di Bandiera' is to sell all, or at least for the aviation part, the assets of the same, now under extraordinary administration, to the new Ita body, created ad hoc with a financial endowment of 3 billion of Italian taxpayers ", writes the company on a note , adding that "always from journalistic sources we learn that Ita would have put pressure on Commissioner Leogrande for the issuance of a new tender aimed, it would seem, exclusively to allow it to participate and, we do not understand how the media can be sure, win ".
Pressures, underlines the American company, which if carried out, "are certainly illegal" precisely because of the tender announced in March 2020. Usaerospace, he adds, "will protect in every form and way its interest in the purchase of the assets included in the tender , still in place ". The company, Ansa reports, says it is "astonished" to see that "in the midst of a government crisis" a general manager of the Mise forwarded a "peremptory invitation" to Commissioner Leogrande "to start a new sales procedure with all permitted urgency" . Usaerospace underlines that this position "intolerably damages not only the rights and interests of those who participated in the tender, but also the most fundamental rules of legal certainty and institutional correctness and considers it necessary to emphasize how the tender launched in March 2020 carries out in the context of a judicial proceeding that does not allow suspensions for political or administrative reasons ".
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/alitalia-leonardo-e-i-piani-fumosi-di-paltrinieri/ on Wed, 17 Feb 2021 15:40:37 +0000.