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ITA Airways: Turicchi admits, financial report in the red

The president talks about "getting the company back to producing profits soon"

The flag carrier ITA Airways has added the first owned aircraft to its fleet: an A-330/900. The purchase was financed through a bond issue worth 80 million euros, brokered by the investment company Castlelake, specialized in the management of assets in the aviation sector. It is certainly a recognition of trust from the financial world, but the state company has a red balance sheet.And the management...

Gic - 1257027
Rome, Italy, 03/01/2024 11:18
AVIONEWS - World Aeronautical Press Agency

AirlinesITA-Lufthansa: clouds on the horizon

Brussels ensures constructive dialogue; Urso: "We expect a decision in a reasonable time"

Brussels' attempt at reassurance on the ITA-Lufthansa marriage fails. The European Commissioner for Competition, Margrethe Vestager, tried yesterday. But saying that the "dialogue is proceeding" is not... more

AirlinesITA-Lufthansa: Air France is against merger

Possible appeal by French airline weighs on the EU Competition Commission decision

The Italian Ministry of Economy and Finance (MEF), led by Giancarlo Giorgetti, and the German aviation group Lufthansa are concerned about the rigidity with which the European Competition Commission, led... more

AirlinesITA Airways: two managers reinstated

Head of Legal Affairs and External Relations suspended in October 2022

Two top managers of the national carrier ITA Airways have been reinstated. They were fired in 2022 when the management was in the hands of the executive president Alfredo Altavilla and the CEO Fabio Lazzerini.... more

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