MILAN, Jan 22 (Reuters) – Germany’s Lufthansa is ready to purchase a 40% stake in Alitalia’s successor ITA Airways and a deal might be unveiled subsequent week, Italian day by day Il Foglio reported on Saturday.
ITA Airways began flying on Oct. 15 with practically 2,300 staff and a fleet lower than half the dimensions of that operated by Alitalia, the 75-year outdated one-time image of Italian type and glamour, which handed by way of a dizzying succession of restructurings and modifications of possession.
The newspaper didn’t give a value for any deal.
An ITA spokesperson stated that the airline’s prime administration would current a strategic plan to board on Jan. 31, and a knowledge room could be opened within the following days, as said in a parliamentary listening to on Thursday.
Sources advised Reuters on Jan. 12 that the Italian service was in touch with Lufthansa, British Airways and United States-based Delta Air Traces for an fairness partnership, including that formal talks might begin by the tip of March.
Lufthansa was not instantly accessible to touch upon Saturday however a spokesperson reiterated at the moment that the German service was open to the potential for a partnership with ITA.
Delta denied it plans to spend money on ITA.
In keeping with Il Foglio, Lufthansa and ITA are very near agreeing over some key phrases of the deal, such because the function of Fiumicino airport as a hub for direct flights to Africa and a few routes to the Americas.
The deal shall be topic to European Union approval, the paper added.
Reporting by Gianluca Semeraro; enhancing by Louise Heavens