Airbus A320 (Photo: ITA Airways)
editor
Last update
Give a coffee
Information should be free for everyone, but good journalism costs a lot of money.
If you enjoyed this article, you can check Aviation.Direct voluntary invite for a cup of coffee.
In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.
If you did not like the article, we look forward to your constructive criticism and/or your comments either directly to the editor or to the team at with this link or alternatively via the comments.
Your
Aviation.Direct team

Air France-KLM plans to buy majority stake in ITA Airways

Advertising

The Franco-Dutch airline group Air France-KLM and Delta Air Lines have expressed interest in acquiring a majority stake in the Italian company ITA Airways. This is backed up in a joint letter addressed to the Ministry of Finance.

It was only recently announced that Lufthansa and MSC interested in joining ITA Airways are. This obviously put the competitor under pressure, because there are fears that access to the Italian market could be lost. If the Kranich Group were awarded the contract, it would also be expected that ITA Airways could leave Skyteam and switch to Star Alliance.

The offer would be a counter-proposal to an expression of interest made by Lufthansa and shipping giant MSC at the end of January, which was later clarified to be a combination of a minority stake by Lufthansa and a majority stake by MSC.

And a third expression of interest came from another international fund, also not mentioned in La Repubblica's report, which, according to the source, had previously invested in "the world's main low-cost carriers".

Air France-KLM, Delta and Virgin Atlantic told Reuters in a statement that they want to work with the management of the new Alitalia "to deepen our cooperation, including possible associate membership in the airlines' expanded joint venture to be established in 2020," but declined further comment.

Advertising

Leave a Comment

Your e-mail address will not be published. Required fields are marked with * marked

This site uses Akismet to reduce spam. Learn how your comment data is processed..

Advertising