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ITA Airways: Lufthansa towards the offer

Probable in the week the proposal to start exclusive negotiation

The privatization of the air carrier ITA Airways is at a turning point. Within this week,  the offer for the acquisition of a stake in the capital by the German group Lufthansa could be formalised. The move comes a few days after the publication in the Official Gazette of the Decree of the Presidency of the Council of Ministers (Dpcm), which set the rules for the sale.

Once the offer has been presented, it will initiate direct negotiations between the Italian Executive and the German airline. A negotiation that will be carried out in several stages and which provides, at least initially, for the maintenance of a majority stake in the hands of the Ministry of Economy and Finance (MEF). According to the provisions of the Dpcm, Lufthansa will have to: develop an international network; guarantee the centrality of the Italian airport hubs (Rome-Fiumicino and the Milanese Malpensa and Linate); protect employment levels.

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AVIONEWS - World Aeronautical Press Agency