Lufthansa – interest in ITA – economy

According to insiders, Lufthansa wants to take a stake in the Italian state airline ITA. It is about buying a 40 percent stake in the successor to Alitalia, which went bankrupt in 2017, said two people familiar with the matter. The outcome of the negotiations is uncertain, said one of the insiders. The purchase price is still being negotiated. The second insider said the talks could go on for more than just a few more days. The Italian Newspaper Il Foglio had reported that a transaction could be announced as early as next week. The paper also reported that Rome Fiumicino Airport will serve as a hub for flights to Africa and some connections to America. Lufthansa, the Federal Ministry of Economics and the ITA declined to comment. However, Lufthansa reiterated its earlier statement that it was interested in a partnership with ITA.

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