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ITA Airways asks for loans from banks

Negotiations with five institutions to obtain financing and buy new planes

The national carrier ITA Airways has started negotiations with five large banks to obtain a 300 million euro loan needed to upgrade the company's aircraft fleet. It's a fundamental step, foreseen by the industrial plan, to grow the company. This, while waiting for the European Competition Commission to express an opinion on Lufthansa's offer which will privatize 41% of the airline. In detail, the...

Gic - 1254861
Rome, Italy, 11/13/2023 10:52
AVIONEWS - World Aeronautical Press Agency

AirlinesITA-Lufthansa: EU operation notification soon

Meloni: after "Problem that Brussels is asking to resolve, we hope for an immediate response"

The Italian Ministry of Economy and Finance (MEF) and the Lufthansa aviation Group are ready to send to Brussels the official notification of the privatization offer of the national carrier ITA Airways,... more

AirlinesITA-Lufthansa: notification to Brussels postponed

The dossier was supposed to be sent to the European antitrust authority by November

The sending of documents relating to the privatization procedure of the national carrier ITA Airways has been postponed to early December, with the offer to purchase 41% of the capital by the German aviation... more

AirlinesITA-Lufthansa (2): it's a France-Germany clash

Privatization blocked by political tussles in Europe

The privatization procedure of the national carrier ITA Airways risks being blocked by a political clash between France and Germany that is taking place behind the scenes in Europe. In fact, Paris does... more

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