Photo: shutterstock.com

Reading Time: < 1 minute

According to the Italian paper Il Messaggero, Lufthansa Group remains in settlements with ITA Airways to take a stake of 15% to 40% of the capital of the brand-new Italian airline company.

ITA Airways started its operations on October 15 th, changing the loss-making Alitalia. Ever since, it has actually revealed possible to develop itself as the flagship business of Italy. It purchased 28 brand-new Airbus airplane, signed up with the Skyteam alliance and signed codeshare contracts with numerous providers.

By getting ITA Airways, Lufthansa would avoid its primary rival, the Air France-KLM group and its partner Delta Air Lines, from controling the Italian market through an alliance with ITA Airways in the exact same method they had with Alitalia within the SkyTeam alliance.