Lufthansa has no plans for majority stake in Italy’s ITA
Lufthansa has no plans to take a majority stake in Alitalia’s successor ITA Airways, the German airline’s CEO said on Thursday, telling investors not to worry about his pursuit of a business that racked up years of losses before its relaunch.
→ Lufthansa offers more than 50 additional flights from Frankfurt and Munich at Easter.
Lufthansa has teamed up with shipping group MSC to express an interest in ITA and could soon be given access to its books after the Italian government detailed ways to sell the slimmed down airline.
MSC has said it would take a majority stake in ITA, with Lufthansa as a junior partner.
Asked whether Lufthansa wanted a majority stake in ITA, CEO Carsten Spohr said that was “far away” from its intentions.
→ Ryanair recommended Lufthansa to reduce “ghost flights”.
He said the German airline would look carefully at ITA’s finances, referring to Alitalia’s years of losses and failed attempts to clinch an alliance.
“We know what we are doing in Italy, no worry,” said Spohr.
“I hear my shareholders – don’t worry we know there is a legacy.”
The chief executive met MSC’s Italian owners – the Aponte family – in person as he regarded this as crucial for a common project of this size, he said.
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