Ita Airways sale: government calls for improved offers

Airbus A320 (Photo: ITA Airways)
Airbus A320 (Photo: ITA Airways)

Ita Airways sale: government calls for improved offers

Airbus A320 (Photo: ITA Airways)
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The acting Italian government wants to complete the sale of Ita Airways before the new elections. The previous bidders were now asked to improve their offers, since the previous bids had been classified as insufficient.

So far, the MSC/Lufthansa consortium has been traded as the one with the best chances. However, Certares/Air France-KLM/Delta do not want to let the Italian carrier be snatched away. Only recently is one approached the responsible ministry with an improved offer. This apparently caused the government to prompt all bidders to quickly submit improved offers. The winner will be announced within ten days of the deadline, Finance Minister Daniele Franco said at a press conference.

“Neither of the two proposals received for the ITA fully meets the requirements of the Prime Minister's office. For this reason, in the shortest possible time, within a few days, they will be asked to formulate further proposals and to reply in the shortest possible time," said the member of the government. “The objectives of the operation are to maximize the value that will be owned by the state, but also a range of other objectives, from governance to industrial structure to the use and size of the hubs. It's about making an overall assessment."

Acting Prime Minister Mario Draghi has repeatedly made it clear that he wants to sell Ita Airways and not leave it to the successor government. Therefore, the topic has now gained momentum again. Shortly before, Lufthansa boss Carsten Spohr said that the patience of the group he manages should “not be infinite”.

Should the MSC/Lufthansa consortium not be awarded the contract, he can imagine expanding under his own steam with the help of the existing Italian subsidiary Air Dolomiti. This could mean that you want to compete with Ita Airways. This is not the first attempt by the Kranich Group, because a few years ago Lufthansa Italia wanted to declare war on the then Alitalia. The project was not crowned with success and was then quietly and secretly discontinued. At that time, the operational execution of the flights was the responsibility of the subsidiary Germanwings.

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Editor of this article:

Amely Mizzi is Executive Assistant at Aviation Direct Malta in San Pawl il-Baħar. She previously worked in the Aircraft and Vessel Financing division at a banking group. She is considered a linguistic talent and speaks seven languages ​​fluently. She prefers to spend her free time in Austria on the ski slopes and in summer on Mediterranean beaches, practically on her doorstep in Gozo.
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Amely Mizzi is Executive Assistant at Aviation Direct Malta in San Pawl il-Baħar. She previously worked in the Aircraft and Vessel Financing division at a banking group. She is considered a linguistic talent and speaks seven languages ​​fluently. She prefers to spend her free time in Austria on the ski slopes and in summer on Mediterranean beaches, practically on her doorstep in Gozo.
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