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Alitalia Estate Sells Warehouse, Engines, and Spare Parts

Alitalia Estate Advances Asset Liquidation with Sale of Engines and Warehouse Inventory
The estate of Alitalia, currently under special administration, has initiated public tenders for the sale of critical assets, including aircraft engines and a fully stocked technical warehouse. This development represents a further phase in the protracted liquidation process of the former Italian flag carrier, which has been under court-supervised administration since 2017 following insolvency.
Details of the Asset Sales
Administrators have issued separate calls for binding offers on three General Electric engines: two CF34-8E5 engines (serial numbers 193164 and 902407) and one GE90-90B engine (serial number 900201). Interested parties must submit their bids by June 27, with offers remaining valid through December 31, 2025.
In addition to the engines, the estate is offering the entire inventory of a technical warehouse located at Rome Fiumicino Airport. This stock comprises a broad assortment of aircraft components, consumables, expendables, rotables, tools, and repairables. Notably, the warehouse contents will not be sold individually but only as a complete lot. Binding offers for the warehouse must be submitted by July 18 and will also remain valid until the end of 2025. Atitech S.p.A., which acquired Alitalia’s maintenance division in 2022, retains the right of first refusal at the final offered price.
These latest tenders follow earlier sales efforts in 2024, including the offering of a used Boeing 777-200ER (registration I-DISU) equipped with two GE90-94B engines.
Challenges and Market Implications
The sale of Alitalia’s remaining assets presents considerable logistical and operational challenges. Administrators must carefully manage the valuation and distribution of spare parts and warehouse inventory to ensure transparency and maximize returns for creditors. The complexity of inventory management in this context adds significant difficulty to the liquidation process.
Market observers are closely monitoring the impact of these sales. Competitors may perceive the liquidation as an opportunity to reassess their own inventories of engines and spare parts, potentially prompting shifts in maintenance and repair operations across the aviation sector. The redistribution of Alitalia’s technical resources could influence supply chain dynamics within the European aviation industry, affecting vendor networks and sourcing strategies among airlines and maintenance providers.
Background: Alitalia’s Administration and Transition
Alitalia and its regional subsidiary, Alitalia CityLiner, were placed under special administration in May 2017 after the Italian government appointed administrators to stabilize the airline and explore restructuring or sale options. Despite initial interest from carriers such as easyJet, Ryanair, and Delta Air Lines, no deal materialized. The COVID-19 pandemic further complicated recovery efforts, leading the government to assume full control in 2020.
In October 2020, the Italian government approved the establishment of ITA Airways, which acquired key Alitalia assets and commenced operations in October 2021. Most recently, in January 2025, the Lufthansa Group acquired a 41% stake in ITA Airways following European Commission approval, marking a significant development in the evolution of Italy’s national airline industry.

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