Lufthansa’s boss ‘open to all options’ on ITA equity stake ITA's takeover Lufthansa is open to all options regarding an equity stake in Alitalia’s successor ITA Airways, the German carrier’s boss Carsten Spohr said this morning. Spohr told reporters Lufthansa, who had partnered with logistics giant MSC for the possible takeover, would be an ideal partner. The chief executive’s comments come less than a month after he [...]
Delta and Air France-KLM challenge MSC and Lufthansa for control of ITA ITA Airways takeover Aviation giants Delta Airlines and Air France-KLM are reportedly challenging the MSC and Lufthansa’s bid for Alitalia’s successor ITA Airways. Backed by an international fund, Delta and Air France-KLM have shown their interest in acquiring a majority stake in the newly born Italian carrier, Italian Government sources told newspaper La Repubblica. The joint partnership is [...]
Lufthansa’s shares go down as airline says it has no plans for majority stake in ITA Lufthansa Lufthansa’s shares have gone down 8.09 per cent today as the German carrier announced it has no plans to gain a majority stake in Alitalia’s successor ITA. Chief executive Carsten Spohr told investors today not to worry about the takeover, as owning a majority stake in ITA is “far away” from his intentions. “We know [...]
MSC goes in for majority stake in ITA, telling ‘the Germans’ to settle for minority share January 27, 2022 Shipping giant MSC has made clear it wants a majority stake in the takeover of Italian airline and Alitalia successor ITA Airways, leaving Lufthansa with a minority share of the company. “The most important thing for us is to have a majority share in ITA Airways. The Germans can come in as a commercial partner [...]
Lufthansa mulls over participation in MSC acquisition of Alitalia’s successor ITA January 25, 2022 German carrier Lufthansa is reportedly deciding whether to participate in the acquisition of Italian airline and Alitalia’s successor ITA with shipping giant MSC. Lufthansa confirmed to Reuters it was in talks with the Swiss shipping company to become a partner in the deal. “We will use the next 90 days to explore all possible options [...]
ITA Airways in search for partner ‘to put money on the table’ January 12, 2022 Italian carrier ITA Airways is searching for a partner to ‘put money on the table’ and invest in the newly born airline. Speaking at a parliamentary hearing, ITA Airways’ chairman Alfredo Altavilla said Alitalia’s successor is already in talks with European and overseas potential partners and it is expected to seal the deal by June, [...]
Goodbye Alitalia: Italy’s new carrier to join airline alliance October 16, 2021 Alitalia’s successor ITA Airways will join the Skyteam alliance from next year, reported Reuters. ITA Airways’ chairman said yesterday that the new-born company aims to renegotiate the place within the Skyteam alliance that once belonged to Alitalia, partnering up with other airlines such as Lufthansa. “ITA has been created to be a strategic element in [...]