Alitalia saved by the Government and reborn as ITA Airways

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Delta Air Lines will reportedly submit a new "Expression of Interest" for ITA Airways, despite the CEO Ed Bastian recently saying the carrier has no intention of investing. Two international funds have also signalled their interest in ITA.

Meanwhile, Italy’s government is set to approve the start of the process to sell ITA Airways as early as this week, following an approach by MSC with support from Lufthansa.

[ticketbuyer]

The future of Ita could again be, as in the past, a battle between Lufthansa and Air France-KLM, albeit alongside other entities such as the Swiss MSC and the American Delta.

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ITA Airways will connect Rome with Buenos Aires and Sao Paulo in June 2022.

In other news, Italy’s audit court approved a government decree detailing ways to sell stakes in ITA Airways, paving the way for the state-owned carrier to give potential suitors access to data on the company.

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ITA Airways has announced regular operations from Rome to Dubrovnik and Split for the summer 2022 season, with A320 family aircraft.

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Lufthansa is now eyeing only a minority stake in ITA Airways, or at minimum, they can become commercial partners.

Make up your minds, guys!

[Lux_avi]

Make up your minds, guys!

Just in case you didn't know; things can change quickly in aviation.
But I'm sure you know Lufthansa is not stupid at all.

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Delta Air Lines and Air France-KLM, with the backing of an international fund, have expressed interest in a majority stake in * ITA Airways*. A further expression of interest arrived from another international fund that is already invested in LCCs.

In other news, ITA Airways signs a codeshare agreement with Royal Air Maroc, connecting to Casablanca from Italy.

[ticketbuyer]

Leonard Berberi writes it on Corriere.it at the link:

https://www.corriere.it/ economy/aziende/22_marzo_11/ita-airways-arriva-proposta-indigo-partners-il-fondo-wizz-air-98a467ce-a0da-11ec-83b4-cf7e2400b5e9.shtml

Indigo Partners, the fund that has interests in many low cost airlines: Wizz, Frontier Airlines, Volaris and Jetsmart; has shown interest in ITA Airways.

The proposal has been called interesting. In addition to what Indigo Partners will want to do with ITA Airways, William Franke's proposal from the American fund was very detailed.

The scheme would be that ITA Airways would be the bridging carrier to connect the networks of Indigo Partners' other carriers. In fact, it would be interested in the Italian carrier's domestic, international and North African and Middle East network. With connections to Canada, USA, Central and South America, it would connect to the flights of Lynx air in Canada, Frontier Airlines in the USA, Volaris in Mexico and JetSmart in Brazil and Chile. In addition to a bridging effect in Europe and the Middle East with Wizz Air and its European and Abu Dhabi bases.
Although it is considered very difficult to integrate low cost carriers with a traditional one.

It is not excluded that Indigo Partners just wants to access the ITA Airways data room to understand the moves and benefit from them for Wizzair.

The most popular proposal remains that of MSC-Lufthansa, but that of air France - KLM and Delta, if it enters with private equity group Certares, could have something considerable.

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ITA Airways plans to operate on routes to and from Sardinia from 15 May 2022 until 14 May 2023 from Rome Fiumicino and Milan Linate to Alghero, Cagliari and Olbia.

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ITA Airways loses six board members, who resigned over disagreements with advisors amid potential privatisation.

About privatisation: Lufthansa is open to all options on a possible equity stake in ITA Airways if its potential bid led by shipping group MSC is successful.

And Italy’s government wants to clinch a deal on the sale of state-owned carrier ITA Airways by mid-June 2022. Rome to opt for a market-based procedure aimed at keeping the door open to other potential suitors.

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AerCap Holdings announced it has signed lease agreements for ten new A320neos and two new A330neos with ITA Airways. The aircraft are scheduled to deliver beginning in 2023 through 2024.

https://www.aviation24.be/aircraft-leas ... a-airways/

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Air Serbia and ITA Airways further expanded their codeshare cooperation, signed in November last year, only a month after the flights of the current Italian national airline were commenced.

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Italy’s Treasury has invited suitors interested in buying the majority of ITA Airways to express their formal interest in the carrier by 18 April 2022.

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Atitech will take over the maintenance arm of ITA Airways, the latest step in the restructuring of the now-defunct Alitalia. The deal price wasn’t disclosed.

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ITA Airways is going to offer the Air Corsica connection between Ajaccio and Rome on a codeshare basis, which will be operated in the summer of 2022.

[ticketbuyer]

The Italian government has decided to sell 100% of ITA.

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ITA Airways was granted permission from Brazil to operate passenger and cargo flights in the country.

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ITA Airways shareholders approve the 2021 financial statements and freeze the US$421 million capital increase until June 2022 in the hope of not having to pay it. In parallel, the entry into the data room of two of the three parties interested in buying the company was recorded: the consortium MSC-Lufthansa and the Certares fund.

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ITA Airways aims to be sold by the government by the end of June 2022 after a deadline for binding offers expires on 23 May 2022. The government will retain a minority, non-controlling stake.

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ITA Airways CEO Fabio Lazzerini says the first A321LRs will enter the fleet in 2023 with more delivering in 2024.