Alitalia, Gentiloni: ‘We can not nationalize’. Calenda: ‘We’ll give a bridge loan waiting for a buyer’
Alitalia, Gentiloni: ‘We can not nationalize’. Calenda: ‘We’ll give a bridge loan waiting for a buyer’.
Two days after the No victory in the referendum among the workers, the premier, who had spent in favor of Yes, excludes a public money rescue. But even in case of liquidation, the state should spend 1 billion in social dampers. The Minister of Development: “We will ask the EU to be able to make a contribution for 6 months” only to allow for indispensable payments
“There are no conditions for nationalization.” After the ministers of Development, Labor and Transport, Prime Minister Paolo Gentiloni commented with “disappointment” the situation of Alitalia two days after the No victory in the referendum among workers on the agreement signed by the company and the unions. The President of the Council, who had spent in favor of Yes, warned that “without the agreement on the new industrial plan, Alitalia will not survive,” is “disappointed that the opportunity offered by the agreement between the company and trade unions does not Has been caught “. And it reiterates that the 2 billion-euro capital increase put on the plate by Etihad and the creditors of Unicredit and Intesa Sanpaolo has gone down, there are no “plans B”: the government does not want to and can not save it with public money. Money that will still be used in case of bankruptcy: the cost of dampers for all employees is estimated at 1 billion euros.
For now, however, as confirmed by the developer Carlo Calenda’s developer, the executive is ready to ask the European Union for a free bridge loan up to € 400 million to guarantee the company to fly until a buyer intervenes . Assuming that the commissioners (the assembly will meet on 2 May to grant the request for extraordinary administration) succeed in keeping it alive until that moment, and no liquidation is at risk, at this very concrete moment.
The company “must be in the position to stand on the market, to compete,” said Gentiloni speaking during a visit to some companies in the province of Benevento. “However, there is no doubt that the government feels committed not to dispose of the airline’s assets and resources, as the ministers have said in those hours.” Even Calenda, interviewed by Corriere della Sera, excludes that “the state can put the resources that were willing to put private shareholders”. “It has spread, even by the accountability of some unions that has moved so unclear, that the wrong idea is that Alitalia can be nationalized and that taxpayers have to settle accounts,” the minister says. “But it can not happen for two reasons: European rules do not allow it; The government and citizens do not want it. On this we have been clear from the beginning. “
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Once the request for extraordinary administration has arrived, Calenda explained, “the government will nominate one or more commissioners as provided for by law, which will have 6 months to carry on the process of disposing assets in an orderly manner without harming travelers and mobility. Because today, for us, these are the priorities: not to create disadvantages for travelers and to minimize the costs for taxpayers. ” As for bridge loan, the government will grant “the minimum necessary to complete the process”. Public aid, on a free EU basis, will be granted for 6 months “under very strict conditions we will negotiate in the form of a loan” to allow for indispensable payments, from salaries to fuel.
Meanwhile, however, the Pd rejuvenation pushes for the search for an “alternative” solution to protect workers and the company. Matteo Orfini, PD Chairman, wrote in an article on Left Wing that “today the risk of bankruptcy and liquidation is concrete. But it would be wrong to consider it an inevitable outcome and, before accepting it, we must carefully check every possible alternative. “