Alitalia A320 Aircraft

Alitalia file for bankruptcy in the US

Alitalia has filed for bankruptcy in the US, faced with the imminent threat of losing access to New York’s John F. Kennedy International Airport over unpaid bills. The airline sought chapter 15 protection, the section of the bankruptcy code that deals with international insolvencies, at the US Bankruptcy Court in New York.

The airline is seeking Chapter 15 bankruptcy protection – which allows foreign companies access to US bankruptcy courts – for its leased gates at several US airports and its 36-employee operation in the USA.

Alitalia‘s attorneys argue that its US business is “critical to its overall global operations” and needs to be protected. The airline operates nine flights per day between the USA and Italy.

The operator of New York JFK airport’s Terminal 1 had notified Alitalia that its lease and contract would be ended on 13 June if it did not pay its bills, says the airline. Its US telecommunications provider meanwhile gave notice that its telephone and internet services would be terminated on 20 June.

US flights generate about 30% of Alitalia‘s overall revenues, the SkyTeam carrier states in its court-filed petition. At least 15% of the airline’s global revenues are contributed by flights to JFK.

We are still trying to find out the results of ongoing talks. We will post more as soon as we know.

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