Pity the traveler with a ticket on Alitalia. Pity, even more, the firm that is doing business with the airline. CNBC has a good summary of the airline’s financial woes.
What happens if the airline is shut down? At present 82% of the fleet is leased – so there’s risk on the table for some firms which might have to move assets and find new customers.
Who’s at risk and with which asset? It won’t be easy finding new homes for 14-year-old 777-200ERs, for example.
Co-Founder AirInsight. My previous life includes stints at Shell South Africa, CIC Research, and PA Consulting. Got bitten by the aviation bug and ended up an Avgeek. Then the data bug got me, making me a curious Avgeek seeking data-driven logic. Also, I appreciate conversations with smart people from whom I learn so much. Summary: I am very fortunate to work with and converse with great people.