The short history of the new Italian airline ITA Airways is already full of drama. Since ITA began flying last year as the successor to the legendary loss-making Alitalia, there have been plane purchases worth billions, hundreds of millions in start-up losses and a spectacularly failed privatization. Everything is already heading towards the next crisis, because almost everyone agrees that ITA needs a financially strong partner.In the latest twist, it now looks like a potential sale of the company to...
The idea of acquiring the Italian state airline had been in the minds of Lufthansa managers for many years. In fact, former CEO Wolfgang Mayrhuber was only hours away from buying the airline when it was still called Alitalia and was the epitome of mismanagement. However, the supervisory board stopped the plan. For months now, Lufthansa has been trying to take over ITA Airways, which was newly founded on the ruins of Alitalia, in order to add another airline to...
Lufthansa has made three public appearances in recent weeks, once involuntarily. The announcement that it wanted to buy the new Italian airline ITA Airways together with the shipping company MSC caused a stir. Group CEO Carsten Spohr had previously criticized the softened rules for take-off and landing times at major airports, which are forcing airlines to carry out thousands of uneconomical flights. Despite the corona slumps, the European Commission wants to slowly return to the old system, in which airlines...
The shipping company MSC Mediterranean Shipping Company has confirmed its interest in a majority stake in the Italian airline ITA Airways and also wants to bring Lufthansa on board the consortium. The company announced on Monday evening that, together with Lufthansa, they had requested a period of three months for exclusive negotiations with ITA. According to reports, Lufthansa will initially not buy any shares in ITA itself, but will act as a commercial and strategic partner.ITA only started flight operations...
