{"id":124461,"date":"2022-04-08T18:30:00","date_gmt":"2022-04-08T18:30:00","guid":{"rendered":"https:\/?p=124461"},"modified":"2022-04-08T22:07:05","modified_gmt":"2022-04-08T22:07:05","slug":"italy-seeks-bids-for-ita-airways-by-april-18","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2022\/04\/italy-seeks-bids-for-ita-airways-by-april-18.html","title":{"rendered":"Italy Seeks Bids for ITA Airways by April 18"},"content":{"rendered":"\n

Italy’s Treasury has invited suitors interested in buying the majority of ITA Airways<\/strong> to express their formal interest in the carrier by April 18, three sources close to the matter said.<\/p>\n\n\n\n

ITA took over from Alitalia in October, permanently grounding the 75-year-old, one-time symbol of Italian style and glamour after years of financial losses and failed rescue attempts.<\/p>\n\n\n\n

\u2192 Condor Unveils New Brand Identity.<\/a><\/strong><\/em><\/p>\n\n\n\n

Shipping group MSC and Germany’s Lufthansa have expressed interest in buying a majority stake in ITA and requested an exclusivity period of 90 days to iron out details of an acquisition. But Rome opted for a market-based procedure aimed at keeping the door open to other potential suitors.<\/p>\n\n\n\n

Last month the Treasury picked Equita and Gianni & Origoni as financial and legal advisers for the privatisation of ITA Airways, which is fully owned by the government.<\/p>\n\n\n\n

“Advisers have invited several players in the airline sector to formalise their interest in ITA,” one of the sources said.<\/p>\n\n\n\n

\u2192 IAG says Air Europa Deal May Make at Least 18 Months.<\/a><\/strong><\/em><\/p>\n\n\n\n

The carrier has lined up JPMorgan and Mediobanca to help on the search for private investors, two different sources added.<\/p>\n\n\n\n

The government wants to clinch a deal on the sale by mid-June, two sources close to the matter told Reuters<\/a> last week.<\/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

Delta Air Lines last month said it wanted to deepen its commercial ties with ITA Airways but was not interested in taking an equity stake in the carrier.<\/p>\n\n\n\n

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