EGYPTAIR UPDATES

JULIAN BRAY ++44(0)1733 345581

http://www.freelancedirectory.org/?name=Julian.Bray.aviation.comment

(ISDN BROADCAST LINK ++44(0)1733 345 020) all codecs G.722 & ATX (ISDN2 BT BOX INSTALLED AT HOME: LIVE LINKS AVAILABLE AROUND THE CLOCK Book slot on landline 01733 345581

Mob: 07944 217476 http://www.aviationcomment.com/ E&OE

http://www.freelancedirectory.org/?name=Julian.Bray.aviation.comment

COVERING TRANSPORTATION & ASSOCIATED POLITICAL ISSUES IN ALL FORMS plus RELATED INDUSTRIES including AEROSPACE, RAIL, AVIATION, CRUISE, FERRIES, MERCHANT MARITIME, MILITARY, TRAVEL & HOLIDAY INDUSTRIES, CAA REPORTS, TRAVEL AGENTS, ATOL ISSUES, CIVIL & COMMERCIAL AVIATION. AIRSHOW ORGANISATION & LOGISTICS.

Contact numbers 01733 345581 OR Trusty Nokia Mobile: 07944 217 476

OFFICE: 01733 345581 and answerphone

email: julianbray@aol.com

BROADCAST ISDN2 LINE: 01733 345020 ISDN DIGITAL DIAL-UP only. [ BH VENDOR #10476453 add PE28xl ]

SKYPE: JULIANBRAYUK

http://www.freelancedirectory.org/?name=Julian.Bray.aviation.comment

Julian Bray provides: Opinion, comment, forward thinking speculation on Travel, Cruise & Aviation: conflict zones, terrorist impact, drone (UAV) issues, safety (black boxes, emergencies), airline operations, aviation finance, political implications, and all forms of incident risk. Worked at board level with several airline and aviation groups, including Alitalia, British Island Airways, British Airways, Galileo , British Aerospace, Skyways, former CEO City firm Leadenhall Assoc. Founder CNS City News Service. Director NTN Television News (joint co. with ITV Wales TWW) Debretts People 2017 and in launch edition of PRWeek Black Book.

Direct links to a selection of television and radio contributions can be found at foot of this page. Scroll down.

Join the conversation here or on Twitter at @aviationcomment

A retweet, comment or other publication by any means does not constitute an endorsement.

Quoted Content subject to creditline 'Julian Bray'

NUJ Life Member and Equity Full Member.

During career an active MCIPR, MMC & MBDS

Main UK telephone and prime contact number 01733 345581

Mob: 07944 217476

http://www.freelancedirectory.org/?name=Julian.Bray.aviation.comment

ISDN2 Loop Test (by arrangement) 01733 345020

Download the new CAA DRONECODE HERE :

http://dronesafe.uk/wp-content/uploads/2016/11/Dronecode.pdf


Tuesday, 2 May 2017

Alitalia files for its second bankruptcy in less than 9 years .....



On Tuesday Italy's national carrier Alitalia filed for its second bankruptcy in less than 9 years, after the Alitalia board voted to  ask the Italian ministry of economic development to put the loss-making flag carrier, partly owned by UAE's Etihad, into  special administration, after workers rejected its latest rescue plan designed  to unlock much-needed financing. That will now not happen.

Alitalia staff last week voted - by a clear majority - against a radical restructuring plan that would cut both jobs and salary packages, ironically many more workers will now not qualify for  compensation in addition to job cuts. 

Following administration, Alitalia will see the Rome government appoint commissioners, who will independently assess whether the airline can continue to trade  - either as a standalone company or through a partial or total sale - or the doomwatch scenario  that Alitalia should perish and be wound up. The Pope won't be at all
pleased as he routinely flied between his home location and


James Hogan, the CEO of Etihad Airways, speaking to the Reuters news agency  which acquired part of the share capital of Alitalia during the 2014 restructuring, Hogan said the Italian airline required "fundamental and far-reaching restructuring to survive and grow in future".

"Without the support of all stakeholders for that restructuring, we are not prepared to continue to invest," he said in a statement.

Meanwhile, the carrier is losing about €1 million ($1.1 million) a day and without government intervention should  run out of cash by the middle of May. The government has already guaranteed a short-term bridging loan of up to 400 million euros  as operating capital through the bankruptcy process. Rival airlines including Lufthansa and Norwegian Air have shown little interest in buying Alitalia and creditors have refused to offer finance, effectively putting greater  pressure on the Italian Government to find a way to save the flag carrier. 

The government has ruled out renationalising Alitalia, an airline that was once a symbol of Italy's post-war economic boom but is now struggling to compete at home against low-cost carriers Ryanair and EasyJet.

Outraged at repeated bailouts that have cost Italian taxpayers more than 7 billion euros during the last decade, many Italians are urging the government to resist the political temptation to rush to its rescue again.

With a general election due by May 2018, few Italians believe the ruling Democratic Party (PD) will stand by and watch Alitalia crash and its 12,500 workers lose their jobs.


A worst-case scenario was presented by Italy's Economic Development Minister, who on Sunday said that a sudden collapse of the loss-making national carrier "would be a great shock for Italy's economy."

Rome has given the crisis-hit airline a short-term lifeline, a bridge loan of up to €400 million to see it through a process whereby an administrator will decide if it can be sold as a going concern or should be liquidated.


Rival airlines have shown little interest in buying Alitalia and in any case creditors have refused to lend more money after workers last Monday rejected rescue plans that would have reduced pay and cut 1,700 jobs.

It is unclear how yet another "shock" to Italy's GDP would reverberate across Europe, although even without this adverse development, Italy's unemployment rose from 11.5% to 11.7% in March according to government data released earlier. It also flags up how European finances  are generally in the melting pot and likely to nosedive as the UK pulls out.....perhaps this brexit won't be so hard after all? 


JULIAN BRAY +44(0)1733 345581, Journalist & Broadcaster, Aviation Security & Airline Operations Analyst/expert, www.freelancedirectory.org?name=Julian.Bray.aviation.comment Travel / Maritime & Cruise Industry, NUJ, EQUITY, LIVE ISDN LINK, Broadcast ISDN COOBE ++44 (0)1733 345020 e&oe Old faithful NOKIA: 07944 217476 www.aviationcomment.com
Post a Comment
MEDIABLOGLINES: Key in your long URL to make tiny:

http://webguidePeople.com

JULIAN BRAY ++44(0)1733 345581 BROADCAST ISDN ++44(0)1733 345 020 all codecs

MOBILE: 07944 217476

AVIATION SECURITY EXPERT, AIRLINE OPERATIONS & NATIONAL SECURITY ISSUES.

BROADCASTER, COLUMNIST & JOURNALIST. NUJ & FULL EQUITY MEMBER.

IMMEDIATE LIVE BROADCASTING VIA OWN ISDN COOBE, STUDIO & HIGH SPEED BROADBAND SKYPE

ISDN +44 (0) 1733 345020.

OFFICE +44 (0) 1733 345581

http://www.journalistdirectory.com/journalist/XLgEm/Julian-Bray




AVIATION & CRUISE, MARTIME INCIDENTS, SAFETY ISSUES, TRAVEL THREATS & PERILS, TERRORISM ISSUES, WORLD TRAVEL & INSURANCE COVER ISSUES, CONFLICT ZONES, LONDON RUNWAY, FEATURES & CORRESPONDENT RESEARCH PACKAGES. NATIONAL & LOCAL POLITICS, LAW & ORDER, LITIGATION SUPPORT.

"Adept at holding national and international politicians and business people to account, has a 'Marmite' but considered approach to politics and always well prepared" Iain Wilson

Julian Bray broadcasts and comments via ISDN +44 (0)1733 345020 (GLENSOUND C5 Dual Codec), VoIP and SKYPE >>> JULIAN.BRAY.UK <<< mobile 07944 217 476

BBC Contributor 10476453

LANDLINE number in the UK is +44(0) 1733 345581 Use this number to pre-brief or to book link.

TELEVSION AND RADIO LIVE INTERVIEWS AND CONTRIBUTIONS

RECENT FEEDS:

RUSSIA METROJET, GERMANWINGS, MH17 INCIDENTS and other RECENT TV NEWS & RADIO AUDIO FEEDS

LASER PENS BBC NEWS

http://talkradio.co.uk/julian-bray

https://www.youtube.com/watch?v=weCHZDsnpEI

https://audioboom.com/boos/5133360-easyjet-results-with-aviation-expert-julian-bray

https://www.rt.com/op-edge/360687-military-intel-mh17-include/ September 2016

talkRADIO's avatar

#BorisJohnson 'right for all the wrong reasons' to dismiss Heathrow, says @JULIANBRAY - bit.ly/2cunT2Z pic.twitter.com/Jw3PwFOasm


http://www.abc.net.au/radionational/programs/breakfast/russian-airline-rules-out-mechanical-failure-or/6907142

https://soundcloud.com/rttv/bray-7k9268?utm_source=soundcloud&utm_campaign=wtshare&utm_medium=Facebook&utm_content=https%3A%2F%2Fsoundcloud.com%2Frttv%2Fbray-7k9268

http://www.pri.org/stories/2012-01-16/why-modern-navigational-technology-didnt-prevent-costa-concordia-accident

https://twitter.com/VictoriaLIVE/status/661125924432146432

http://rinf.com/alt-news/tag/julian-bray/

http://www.marketplace.org/2012/01/16/business/cruise-ship-industry-impacted-disaster

http://www.pri.org/stories/2012-01-16/why-modern-navigational-technology-didnt-prevent-costa-concordia-accident

https://www.youtube.com/watch?v=yiKsLJxc6WA

https://soundcloud.com/julian-charles-braybray

https://soundcloud.com/julian-charles-bray

https://youtu.be/yiKsLJxc6WA?t=1m12s

http://edition.cnn.com/videos/world/2015/03/24/idesk-bray-intv-germanwings-descent.cnn

https://soundcloud.com/rttv/airbus-co-pilot

http://www.itnsource.com/shotlist//ITN/2012/03/05/T05031202/http://www.itnsource.com/en/shotlist/ITN/2010/11/04/T04111005/#videoPopUpDiv

https://audioboom.com/boos/3579946-why-has-the-low-cost-airline-industry-been-thriving-morningmoney

http://talkradio.co.uk/news/airport-expansion-boris-johnson-right-all-wrong-reasons-dismiss-heathrow-1609164227

http://www.msn.com/en-us/news/royalbaby/russian-passenger-jet-crashes-in-central-sinai/vp-BBmEGu9

http://edition.cnn.com/videos/world/2015/10/31/russian-passenger-jet-plane-crashed.cnn

https://audioboom.com/boos/3289201-billybambrough-brings-us-the-latest-from-the-paris-air-show-morningmoney

http://edition.cnn.com/TRANSCRIPTS/1510/31/cnr.22.html

https://soundcloud.com/rttv/bray-7k9268?utm_source=soundcloud&utm_campaign=wtshare&utm_medium=Facebook&utm_content=https%3A%2F%2Fsoundcloud.com%2Frttv%2Fbray-7k9268

https://www.rt.com/op-edge/323287-su24-fighter-russia-turkey-syria/ Scroll down final VT

https://audioboom.com/boos/3918847-a-new-aviation-strategy-julianbray-oliver__clark-talk-on-the-europeancommission-s-airline-announcement

https://audioboom.com/boos/3933313-julianbray-talks-on-the-airport-expansion-delay-the-heathrow-bid-is-frankly-illegal

https://audioboom.com/boos/4241311-a-closer-look-at-the-deal-to-buy-london-cityairport-with-aerospace-specialist-julianbray


http://www.cbc.ca/i/caffeine/syndicate/?mediaId=2685621754 AIR DUBAI CRASH MARCH 2016 Television 2-way with CBC Canada via 'upmarket' SKYPE

https://ca.news.yahoo.com/video/plane-circled-airport-bad-weather-110053170.html AIR DUBAI CRASH 19/03/2016 Julian Bray first reaction

https://audioboom.com/boos/4368310-is-the-aerospace-sector-in-trouble-julian-bray-discusses-as-boeing-plans-to-cut-thousands-of-jobs