{"id":121946,"date":"2022-02-11T20:30:00","date_gmt":"2022-02-11T20:30:00","guid":{"rendered":"https:\/?p=121946"},"modified":"2022-02-12T12:34:36","modified_gmt":"2022-02-12T12:34:36","slug":"italy-launches-sale-of-ita-airways","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2022\/02\/italy-launches-sale-of-ita-airways.html","title":{"rendered":"Italy launches sale of ITA Airways, to keep minority stake."},"content":{"rendered":"\n

The Italian government has launched the process to find a partner for ITA Airways<\/strong> and in a first stage will retain a minority stake in the successor company to Alitalia, Economy Minister Daniele Franco said on Friday.<\/p>\n\n\n\n

Rome has drafted a decree which lists ways it can offload its holding in the airline, including a direct sale or a public offer, without setting a deadline for a deal.<\/p>\n\n\n\n

\u201cThere are subjects interested in the operation but we do not have a plan under which we can predetermine the timing,\u201d Franco said during a news conference after a cabinet meeting.<\/p>\n\n\n\n

\u2192 Italy: Ryanair wants to occupy space left by Alitalia.<\/a><\/strong><\/em><\/p>\n\n\n\n

State-owned ITA started flying on Oct. 15 and has been looking for equity partners.<\/p>\n\n\n\n

Shipping company MSC and Germany\u2019s Lufthansa have expressed an interest in buying a majority stake in ITA, and asked for an exclusivity period of 90 days to iron out details.<\/p>\n\n\n\n

Other suitors may emerge in the coming weeks if ITA opens its books to prospective buyers.<\/p>\n\n\n\n

Delta Air Lines Inc said last month it had no plans to invest in ITA.<\/p>\n\n\n\n

In past decades, Alitalia tried and failed to clinch alliances with Air France and, more recently, Gulf airline Etihad.<\/p>\n\n\n\n

The Italian government has spent an estimated 10 billion euros of taxpayers\u2019 money on Alitalia over the years.<\/p>\n\n\n\n

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