Lufthansa and ITA Airways have shared headlines for some time as the pair have worked towards investment plans.
According to reports, Lufthansa is now eyeing an eventual takeover of ITA Airways. However, this would not occur initially. The first plans highlight that the German flag carrier would look towards acquiring a 40% stake in the Italian carrier. This would then look to eventually grow to fully takeover ITA Airways by the midway point of the decade.
Lufthansa has always seen a lot of potential in ITA Airways. The Italian market has been one Lufthansa has been trying to crack for some time; however, these plans have been unsuccessful. Acquiring the services of ITA Airways could not just give the boost they need for the Italian market but also give ITA a lifeline for the future.
ITA Airways came in a day after the shutdown of Alitalia. They effectively began operating as Alitalia 2.0. While debts and more were cleared, the sustainability of the airline was always something that was questioned.
While ITA Airways reported considerable losses in its first operational year, the airline says this is what is to be expected of a startup. Lufthansa’s acquisition according to many offers a pathway out.