Alitalia Press Release
Below is the text to be issued tomorrow, 23 September 2008, in the following newspapers: The
Financial Times, Corriere della Sera, Il Sole 24 Ore, la Repubblica.
The Extraordinary Administrator of Alitalia Linee Italiane S.p.A. in a.s., of Alitalia
Airport S.p.A. in a.s., of Alitalia Express S.p.A. in a.s., of Alitalia Servizi S.p.A. in a.s. and
of Volare S.p.A. in a.s., Prof. Avv. Augusto Fantozzi
Whereas
- Alitalia Linee Aeree Italiane S.p.A., Alitalia Airport S.p.A., Alitalia Express S.p.A.,
Alitalia Servizi S.p.A. and Volare S.p.A. are subject to the procedure of Exstraordinary
Admistration pursuant to Law Decree No. 134 August 28, 2008;
- such procedure contemplates the possibility to sell, in private transactions, of all or
part of the company's assets or productive activities, defining the contents of one or
more ongoing concerns, also currently not existing, with identification of the
employees to be transferred to the purchaser, and even with prior inclusion of such
employees in a special unemployment benefits fund (cassa integrazione guadagni
straordinaria) or with termination of the current employment relationship and hiring by
the purchaser;
- the foregoing sale may exclude, in whole or in part, the liability of the purchaser for
the debts relating to the activities of the transferred ongoing concerns existing before
the transfer date and in any event cannot set forth a price lower than the price
determined by an independent expert appointed by the Ministry of Economic
Development;
- the sole significant offer received and on the basis of which activities to engage in a
private transaction were commenced, has been revoked;
2
- therefore the Extraordinary Administrator intends to verify the existence of other
interested entities that may guarantee the continuity, in the medium term, of the
transportation service, the speed of the transaction, and the compliance with the
requirements set forth under Italian laws, including the treaties to which Italy is part.
Now Therefore
The Extraordinary Administrator Ð taking into account the needs and urgency
mentioned in the D.P.C.M. of August 29, 2008 - invites whoever might be able to
guarantee the continuity, in the medium term, of the transportation service, the speed
of the transaction and the compliance with the requirements set forth under Italian
laws, including the treaties to which Italy is part to submit its expression of interest for
the purchase of one or more ongoing concerns, also currently not existing, of Alitalia
Linee Aeree Italiane S.p.A. in a.s., of Alitalia Airport S.p.A. in a.s., of Alitalia Express
S.p.A. in a.s., of Alitalia Servizi S.p.A. in a.s. and of Volare S.p.A. in a.s..
Such expressions of interest shall have to be received at the offices of the
Extraordinary Administrator, at Via Marchetti 111, 00148, Roma, within 30 September
2008, 12.00 a.m., together with all the documents necessary to evaluate such
expressions of interest in view of starting potential negotiations.
Prof. Avv. Augusto Fantozzi
Extraordinary Administrator of Alitalia Linee Aeree Italiane S.p.A. in a.s., of Alitalia
Airport S.p.A. in a.s., of Alitalia Express S.p.A. in a.s., of Alitalia Servizi S.p.A. in a.s.
and of Volare S.p.A. in a.s.
Rome, 22 September 2008
