(ANSA) - ROME, MAY 26 - The closing of the transaction between Lufthansa and the Treasury for the sale of a minority stake in Ita Airways to the German group "is expected by the end of this year". This was stated by the CEO of Lufthansa, Carsten Spohr, in a conference call with analysts, explaining that "Ita Airways has been completely restructured and configured to be a competitive airline from a cost point of view and has no relationship and problems related to the old Alitalia". He added: "We are confident that we can turn Ita into a profitable company by 2025."
The number one of the German group has also specified to analysts that the 325 million euros that Lufthansa will pay to take over 41% of Ita Airways "will not go" to the Ministry of Economy and Finance but will go to the company to relaunch it. As for the plan, part of Lufthansa's strategy is "to develop Rome Fiumicino, make it a profitable hub and then consolidate Linate thanks to Ita's strong position" at this airport. Spohr, stressed the importance of Linate as a premium airport and for business travel. So"there will be a focus on the long haul: North and South America, Africa and some Asian markets," explained the number one ofLufthansa. (ANSA).
Eng: Spohr, closing of the transaction expected by the end of the year
2023-05-26T08:49:54.758Z
Highlights: The closing of the transaction between Lufthansa and the Treasury for the sale of a minority stake in Ita Airways to the German group "is expected by the end of this year" "We are confident that we can turn Ita into a profitable company by 2025," said CEO Carsten Spohr. The 325 million euros will not go" to the Ministry of Economy and Finance but will go to the company to relaunch it, he added. As for the plan, part of Lufhansa's strategy is "to develop Rome Fiumicino, make it a profitable hub and then consolidate Linate"
The closing of the transaction between Lufthansa and the Treasury for the sale of a minority stake in Ita Airways to the German group "is expected by the end of this year". (ANSA)
