Lufthansa says it is still interested in Alitalia, but only after the company's restructuring
Lufthansa said it is still interested in acquiring a stake in beleaguered Alitalia, but only after Alitalia finishes its ambitious restructuring process. Tuesday, the airline's leadership met with Italian minister of Economic Development Stefano Patuanelli and trade union leaders to discuss the new development, according to the ministry. A deal that would have seen Delta take over Alitalia in conjunction with Italian state rail operator Ferrovie dello Stato and highway and road operator Atlantia fell through after both Delta and Atlantia had second thoughts. And a similar potential deal with Lufthansa also failed to gain traction. Tuesday, officials from Lufthansa said they remain interested in the Italian company once it cuts its losses, reduce its workforce, and increase efficiencies. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-12-18/star/lufthansa-says-it-is-still-interested-in-alitalia-but-only-after-the-companys-restructuring
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Lufthansa says it is still interested in Alitalia, but only after the company's restructuring
Lufthansa said it is still interested in acquiring a stake in beleaguered Alitalia, but only after Alitalia finishes its ambitious restructuring process. Tuesday, the airline's leadership met with Italian minister of Economic Development Stefano Patuanelli and trade union leaders to discuss the new development, according to the ministry. A deal that would have seen Delta take over Alitalia in conjunction with Italian state rail operator Ferrovie dello Stato and highway and road operator Atlantia fell through after both Delta and Atlantia had second thoughts. And a similar potential deal with Lufthansa also failed to gain traction. Tuesday, officials from Lufthansa said they remain interested in the Italian company once it cuts its losses, reduce its workforce, and increase efficiencies. <br/>