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.
Does a bankruptcy in Italy void the leases, or are they guaranteed by other parties ?