{"id":138704,"date":"2023-04-19T09:00:00","date_gmt":"2023-04-19T09:00:00","guid":{"rendered":"https:\/?p=138704"},"modified":"2023-04-19T22:06:32","modified_gmt":"2023-04-19T22:06:32","slug":"ita-airways-chairman-says-deal-with-lufthansa-is-almost-closed","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/04\/ita-airways-chairman-says-deal-with-lufthansa-is-almost-closed.html","title":{"rendered":"ITA Airways chairman says deal with Lufthansa is almost closed"},"content":{"rendered":"\n

ITA Airways<\/strong> has worked out the main elements of a partial acquisition agreement with Lufthansa<\/strong> and expects to announce it soon, the Italian airline’s president, Antonino Turicchi, said Wednesday during the unveiling of a new aircraft at Rome’s Fiumicino airport.<\/p>\n\n\n\n

Sources have previously said the German carrier is negotiating with Rome over the purchase of a 40% stake in ITA, valued at around 200 million euros ($219 million), with the idea of buying the rest at a later stage.<\/p>\n\n\n\n

\u2192 ITA Airways reports net loss of 486 million euros in 2022<\/a><\/em><\/strong><\/p>\n\n\n\n

The exclusivity period for talks between ITA, the successor to bankrupt Alitalia, and Lufthansa ends on April 24, although the deadline is not binding.<\/p>\n\n\n\n

Lufthansa CEO Carsten Spohr said last month that final negotiations were focusing on price, given the ongoing losses at the Italian carrier.<\/p>\n\n\n\n

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