ITA Airways seems to have taken an extra step in the direction of securing a cope with would-be investor Lufthansa after the Italian provider’s board permitted a marketing strategy “shared” with the German airline group.
Lufthansa started unique talks with Italy’s finance ministry in January over its bid to take a minority stake in ITA, with a view to doubtlessly buying the remaining shares at a later date.
The Italian provider, established to interchange Alitalia in October 2021, as we speak states that its board of administrators ”has permitted the marketing strategy already shared with Deutsche Lufthansa”.
ITA on 29 March disclosed that it had made a full-year internet lack of €486 million ($527 million) for 2022, citing excessive gasoline prices and the continued influence of the pandemic.
Talking on the sidelines of the A4E Aviation Summit in Brussels on the identical day, Lufthansa group chief government Carsten Spohr stated he’s assured a deal might be reached on taking an ITA Airways stake earlier than the exclusivity interval ends subsequent month, however says the valuation should mirror the full-year losses.
