Europe’s airline industry is in for a huge shake-up and the long-awaited start of the next phase of consolidation, now that Lufthansa Group and shipping company MSC Group have expressed their interest to purchase a majority share in Italy’s ITA Airways. If approved and completed, this could lead to a snowball effect elsewhere. Lufthansa bid on ITA Airways could start more consolidation.
ITA Airways, which started as a successor of Alitalia on October 15, confirmed the interest of Lufthansa and MSC on January 24 in a brief media statement: “The Company announces that today it has received an Expression of Interest from the MSC Group and Lufthansa to acquire the majority of ITA Airways. MSC Group has agreed with Lufthansa its participation in the partnership on terms to be defined during the Due Diligence.”
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
We use cookies to optimize our website and our service.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
