Italian Teacher Makes Fake Bid for Alitalia

That this bid made it through the ‘screening process’ says as much about the problems at Alitalia (and the Italian government) as any lengthier analysis.

    An Italian high school aviation teacher earning 1,200 euros ($1,500) a month became a minor celebrity in Italy on Tuesday by slipping through a fake plan to buy ailing Alitalia as a protest against years of mismanagement.

    “This was a provocation. It was my way of making a citizen’s protest,” said Fabio Scaccia, who teaches aerodynamics and aircraft design at a trade high school in the city of Frosinone just south of Rome.

    When Italy’s Treasury Ministry announced the 11 expressions of interest to buy struggling Alitalia on Monday night, even the most well-connected business journalists were stymied by the number three entry: “Fabio Scaccia (individual)”.

    No one knew who he was, perhaps because, in their high-flying world, he is a nobody.

    “I read the papers. I saw the tender document on the internet. I saw the address (of the financial advisors) and sent in my expression of interest,” he told Reuters by telephone.

The Italian treasury required expressions of interest come from entities with 100 million euros or more. But nobody bothered to check.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

More articles by Gary Leff »

Leave a Reply

Your email address will not be published. Required fields are marked *