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Lufthansa would like to acquire a 40 percent stake in Italy's ITA;  Possible deal in a few days

Lufthansa would like to acquire a 40 percent stake in Italy’s ITA; Possible deal in a few days

The plan may be released in a few days. This would require European Commission approval, the newspaper said. According to the newspaper, the two sides are on the verge of agreement on financial cooperation. They also want to use Rome’s Fiumicino Airport as a hub for flights to Africa and parts of the United States.

ITA chief Alfredo Altavilla had previously said he would like to become part of Lufthansa. ITA has been operating since October 15 as the successor to Alitalia, which fell after years of losses. The new airline took in about a quarter of Alitalia’s staff and some of its aircraft. The number of roads has also been cut off significantly. Despite this, a negative operating result of 170 million euros was achieved in the first 2.5 months and a turnover of 86 million euros.

Lufthansa said at the launch of the ITA that it was ready to discuss commercial cooperation with the Italians.

Return name Alitalia
Some flights may also operate under the Alitalia name again, it was announced earlier this week a favour. The ITA board will make a decision on this on January 31.


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