Alitalia seeking agreement with Etihad-Lufthansa

Flying higher by the end of the year?/Image: Alitalia

Preliminary negotiations between the management of the Italian company and the German carrier to involve it in a recapitalization of up to €400m. Alitalia’s new route to becoming a high flyer once again could be drawn by the end of the year by taking on board one of the world’s biggest carriers, Lufthansa, which has expressed interest several times in the past eight years.

An Alitalia CAI board meeting, chaired by Luca di Montezemolo, was scheduled at the NCTM law offices in Rome. CAI is the company that combines the 13 Italian partners plus Air France KLM (7.08%) that, through Midco, controls 51% of Alitalia Sai, with Etihad owning the other 49%.
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According to the reconstruction by Il Messaggero, the meeting should focus on the plans for the airline’s relaunch, on which work is ongoing as a result of the company’s precarious health. A way out might be identified in the dialogue Continue reading “Alitalia seeking agreement with Etihad-Lufthansa” »

Rescuing the arch-rival?

Image: Lufthansa

German national carrier Lufthansa is in talks to rescue its arch-rival Air Berlin, ,Handelsblatt´ has learned. Europe‘s biggest airline is negotiating with Gulf carrier Etihad, Air Berlin‘s biggest shareholder with a stake of just under 30 percent, to acquire parts of the struggling airline that has been making losses for the past 10 years.

Image: Air Berlin

According to Handelblatt Etihad has shored up Air Berlin with credit of several hundred million euros in the past. But Germany‘s second-largest airline has kept on hemorrhaging money because it overreached itself with its ambition to be a premium carrier, budget and charter airline all in one. Lufthansa appears to be interested in taking over all Air Berlin routes that don‘t go via the hubs in Düsseldorf or Berlin, as well as around 40 leased aircraft including their crews.

The planes could join the fleet of Lufthansa‘s budget subsidiary Eurowings. The talks are scheduled to be completed by October at the latest. Up to now the three companies declined to comment.

If the deal happens, Air Berlin chief executive Stefan Pichler could Continue reading “Rescuing the arch-rival?” »