it will remain an Italian company, central hub at

it will remain an Italian company, central hub at

The Ministry of Economy and Lufthansa confirm that they have reached an agreement on Ita Airways, the company that took over from Alitalia in October 2021. A note from the Mef explains that the minister Giancarlo Giorgetti and the CEO of the Lufthansa group Carsten Spohr met today to confirm the conclusion of Lufthansa's investment agreement in Ita Airways to acquire a minority stake after having already shared an industrial plan of the company which foresees a growth in revenues of 2.5 billion euros expected for this year and 4.1 billion euros expected in 2027. Also at the table was the president of Ita, Antonino Turicchi.

Fleet will grow to 64 aircraft, 4,300 employees

After signing - explains the dicastery which is currently the sole shareholder of Ita - the agreement will be submitted to the scrutiny of the Court of Auditors and notified to the Directorate-General for Competition of the European Commission. The Lufthansa-powered Ita fleet at the end of 2027 will count on 94 aircraft compared to the current 71. The workforce - which is expected to grow to 4,300 employees this year as a result of the 1,200 hires being finalized - will rise to over 5,500 at the end of the plan. The note speaks of strategic repositioning which will also make it possible to better feed the traffic of the Rome Fiumicino hub, which will thus play a central role in the multi-hub model of the Lufthansa Group.

Good news for Italian consumers and for Europe

Today's agreement will lead to a win-win situation for Italy, Ita and Lufthansa. This is good news for Italian consumers and for Europe, because a stronger ITA will strengthen competition in the Italian market, comments Lufthansa CEO Spohr. As part of the group family, ITA can transform itself into a sustainable and profitable airline, connecting Italy with Europe and the world. At the same time, this investment will allow us to continue our growth in one of our most important markets.
Today closes a path that has marked the history of the national flag carrier with the prospect of integration with an important European carrier, added Minister Giancarlo Giorgetti. With this government, a knot that has been conditioning the air transport market in Italy for thirty years is now untied. We are convinced that this decision will allow the air market to develop in Italy's interest.

Source link