MSC has filed an expression of interest to ITA’s Italian government owner detailing the plan and has roped in Lufthansa as an industrial partnerMediterranean Shipping Co. said it’s seeking a controlling stake in new Italian flag carrier ITA Airways through a deal that would also include Deutsche Lufthansa AG. Picture: BLOOMBERG
MSC filed an expression of interest to ITA’s Italian government owner detailing the plan, it said on Monday. Lufthansa would act as an industrial partner and will consider equity involvement, it said. The German firm is unlikely to make an immediate investment, said other informed sources. Lufthansa, linked frequently to ITA, would help develop a commercial strategy for the business, though this work is not yet advanced, according to people with knowledge of the situation.
“We will use the next 90 days to explore all possible options for collaboration, including a possible equity investment,” Lufthansa said in an e-mail. A bid for ITA could herald another chapter in the decades-long saga of Italy’s search for a viable national carrier. It comes as airlines seek to move beyond Covid-19, which has crushed demand for two years. The pandemic proved to be the final blow for Alitalia after it had already racked up debt.
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