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'Lufthansa will buy 40% of Ita for 250-300 million'


The negotiations between the Treasury and Lufthansa for the sale of a minority stake in Ita "are proceeding well". The operational entry of the Germans into the newco is expected for the summer (ANSA)

In the memorandum signed between the Treasury and Lufthansa, the share of Ita Airways for sale "is between 20 and 40%".

It is learned from sources close to the dossier

, according to which in the end the German group "will buy 40% for an outlay of between 250 and 300 million euros".

The negotiation between the Treasury and Lufthansa for the sale of a minority stake in Ita "is proceeding well"

and the aim is to "sign the preliminary sale as soon as possible" and then "quickly get the go-ahead from the EU Commission".

"The government wants Lufthansa to take operational control as soon as possible so that ITA can benefit from the group's synergies as soon as possible", underline the same sources, explaining that Lufthansa's operational entry is expected for "the summer". in ITA.

According to sources close to the dossier, "The European Commission is not in an easy position. They asked the Italian government to sell Ita, the Italian government is doing exactly what they said and now they won't be able to say: 'you can't sell it anymore '".

The operation "will have the green light from the Commission".


"Ita will not feed the Frankfurt and Munich hubs in favor of Lufthansa on the routes to North America", which have always been considered the most profitable.

"Ita won't do loyalty for Lufthansa".

"Frankfurt no longer has capacity" to handle other passengers.

Therefore "

Italian passengers will be able to continue to fly with Ita to the United States directly from Italy

", as is the case with the other hubs of the group: Frankfurt, Munich, Vienna, Zurich and Brussels, "from which they fly to the United States" .

"Fiumicino will be the hub for Latin America and Africa because it will be the southernmost hub in Lufthansa's network."

"It's an advantage to be an hour and a half closer to the southern hemisphere than other network hubs."

"It was a wise decision to buy the Alitalia brand" by Ita.

"Perhaps in the long term in 5-10 years, someone seeing that Ita has become profitable and is growing, could think about dusting off the old Alitalia brand"



Regarding Ita's future hiring "there is a possibility" that the old Alitalia employees could "be taken back" but at the moment there is no certain information". As regards the causes that are now open, "no type of possibility because" ITA and Alitalia "are two different companies and therefore there can be no recourse to the new ITA".

Furthermore, the unions' request for an increase in the salaries of Ita workers "is not an obstacle" to the negotiations between the Treasury and Lufthansa for the purchase of a minority stake in the newco, according to sources close to the dossier.

Source: ansa

All life articles on 2023-02-02

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