Lufthansa seeks alliance with Alitalia, cuts capacity plans
Lufthansa is considering a commercial partnership with Alitalia, but has ruled out a financial investment. “Investing is out of the question for us alongside a state-owned entity,” Lufthansa Group CE Carsten Spohr said Tuesday. “A commercial partnership is on the agenda for the next few months; we know the management team at Alitalia very well.” Binding bids for a stake in Alitalia are due Oct. 31 and Lufthansa has in the past expressed an interest in investing. However, the German airline has made clear what measures would have to be taken in terms of restructuring the airline before it would commit to putting in its own money. Those proposals have been rejected by the Italian govt, which has kept the carrier flying through bridge loans since the airline went into the Italian equivalent of bankruptcy. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-10-31/star/lufthansa-seeks-alliance-with-alitalia-cuts-capacity-plans
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Lufthansa seeks alliance with Alitalia, cuts capacity plans
Lufthansa is considering a commercial partnership with Alitalia, but has ruled out a financial investment. “Investing is out of the question for us alongside a state-owned entity,” Lufthansa Group CE Carsten Spohr said Tuesday. “A commercial partnership is on the agenda for the next few months; we know the management team at Alitalia very well.” Binding bids for a stake in Alitalia are due Oct. 31 and Lufthansa has in the past expressed an interest in investing. However, the German airline has made clear what measures would have to be taken in terms of restructuring the airline before it would commit to putting in its own money. Those proposals have been rejected by the Italian govt, which has kept the carrier flying through bridge loans since the airline went into the Italian equivalent of bankruptcy. <br/>
