B&H Airlines to sell assets

GLOBAL AVIATION NEWS

EU okays Alitalia successor

EU competition regulators have given the green light to a slimmed down successor to Alitalia and said the new state-owned airline was not liable for repaying 900 million euros in illegal state aid received by its predecessor. The approval of Italia Trasporto Aereo (ITA) will be greeted with relief in Rome, which has been negotiating for months to prevent the decision on the 900 million euros of loans from hindering the launch of the new airline. Alitalia is unlikely to repay that aid, plus interest, as the carrier's coffers are empty and money it may collect from the sale of assets is not expected to be enough. ITA will operate with less than half of Alitalia's fleet of aircraft and will only be allowed to take over limited parts of its predecessor's handling and maintenance businesses. Alitalia's brand and its loyalty programme will be sold in an open tender, said the European Commission, which oversees the EU's competition policy. The new carrier is due to start flying in place of Alitalia on October 15 and plans to employ only a small part of its predecessor's 11.000 total workforce under a new, less generous labour contract. The uncertainty over the future of thousands of workers has sparked protests. The Italian government has set aside a total of 3 billion euros for ITA, but the Commission only gave a green light to an initial 1.35 billion euros capital injection by Rome into the carrier over the next three years.
Reuters

B&H Airlines to sell assets

NEWS FLASH

The bankruptcy administrator of Bosnia and Herzegovina's former flag carrier B&H Airlines has launched tender procedures for the sale of the company’s remaining assets. They include a piper aircraft, airport trolleys, aircraft steps, computers, television sets and furniture. Those interested have until November 12 to place their bids. B&H Airlines operated its last flight in 2015 after its Air Operator’s Certificate (AOC) was revoked by authorities due to amassed debts.

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Anonymous13:49
All in good time.
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Anonymous14:14
no Uniforms? (as with JP)
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Anonymous15:23
I will take their dzezva ...
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Anonymous11:15
Where can I find the tender details?
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Anonymous11:50
Computers and TVs? For a museum???
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B&H Airlines to sell assets

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