ITA Airways, the agreement with Lufthansa is very close

ITA Airways the agreement with Lufthansa is very close

(Tiper Stock Exchange) – The pre-agreement between Lufthansa and the MEF is very close – Ministry of Economy and Finance, for entry into the capital of ITA Airways, the airline operating for about a year, born from the ashes of the old Alitalia. There deadline for signing is set for April 24thbut the negotiations are now being finalized.

We talk about one enhancement of the share between 250 and 300 million euroswhich will also serve to implement the company’s industrial plan, which covers a five-year period (2023-2027) and envisages the increase of the fleet from 67 to 98 aircraft ed nu new generation aircraft target of 80% by 2025.

“The first quarter of this year is paying off the efforts made last year. We are still in the preliminary balance, but we will close with the 18% more cash compared to our budget“, underlined the CEO Fabio Lazzerini.

Speaking of resources on hand for over 400 million euros, the manager assured that “a new tranche is not required (from 250 million, Ed.) by the MEF” and that “relations with Lufthansa are good and daily”, then he added “there is a focus on the price, but the MEF takes care of this”.

Lazzerini spoke on the sidelines of theinauguration of the new Pier B of boarding area A at Terminal 1 of the Leonardo da Vinci airport in Fiumicino, an infrastructure of 25 thousand square meters with 22 gates to serve 6 million passengers, in which ADR and Mundys have invested 500 million euros. The event was attended by many personalities from politics and the business world, starting with the top management of AdR and the parent company Mundys.

“We share AdR’s great satisfaction for this further, beautiful achievement”, said the CEO of ITA, adding that he considers the Leonardo da Vinci like one “home” and explaining that “a airport it’s a airline company which based its hub there they live in symbiosis” and with AdR there is a “win-win relationship” and therefore “our growth as a vector directly follows their development as a home base. Just as their ability to offer increasingly innovative services and increasingly efficient infrastructures, both of which they do very well, corresponds to the company’s ability to make itself more attractive”.

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