Lufthansa and the Italian government are still working on a deal for the privatization of ITA Airways as they work through potential Alitalia legacy legal risks
When Alitalia filed for bankruptcy in 2017 few would have predicted that five years later some of the biggest players in aviation would be battling it out to buy a stake in the Italian flag-carrier’s successor.
Alitalia made its last flight Oct. 14, bringing an end to more than 70 years of operations as successor Italia Trasporto Aereo (ITA) prepares its launch.
Alitalia’s operations have been heavily affected by Italy’s COVID-19 restrictions, which the European Commission said resulted in “significant operating losses” for the airline.
Alitalia unions called for pay guarantees after a March 10 meeting with new commissioners appointed by Italy’s government to help map out the airline’s next steps.
Italy’s plans to relaunch Alitalia have been pared back following a March 1 meeting headed by the country’s newly appointed Prime Minister Mario Draghi, Italian newspaper La Repubblica reported.
Italy reportedly may have to launch a tender at market prices for the sale of assets belonging to nationalized airline Alitalia, in order to get European approval for a relaunch plan for the carrier.
The European Commission (EC) has reportedly told the Italian government that it cannot simply transfer Alitalia’s assets into the country’s new national carrier Italia Trasporte Aereo (ITA).