Although I find it hard to imagine perennial loss leader Alitalia will ever go out of business, the carrier is in serious trouble.
After workers rejected a plan to save the beleaguered Italian flag carrier, the government warned this time there would be no bailouts. Italy’s Transport Minister, Graziano Delrio, told reporters–
“Somebody believed that there would have been yet another public rescue. I will say it clearly: there will not be one,” he told the La Stampa newspaper.
Or maybe just a little one:
In another interview, industry minister Carlo Calenda – who brokered negotiations on the rejected rescue plan – said the government would only be prepared to offer Alitalia a six-month bridging loan worth between 300 and 400 million euros. The funding was intended to keep Alitalia’s flight operations going until a new owner had been found, he told the Radio 24 broadcaster.
In either case, Alitalia is in serious trouble, which leads me to this post.
During the last AMEX transfer promotion, I sent over a big chunk of miles to Alitalia. Award availability in business class was better back then and I figured I could take the family to Israel in business class (Alitalia counts Israel as part of Europe).
But with a bridge loan only bailing out Alitalia through the summer months, I’m eying a last minute redemption on whatever route is available. I do wish to try Alitalia before it becomes merely a reference in a history book.
How about you? Do you have expiring Alitalia miles that may need to be used? If Alitalia goes under, the one valuable redemption in MilleMiglia will be gone. Even so, in the back of my mind I cannot help but to think the company will be bailed out in some form, as it always is.