On Monday, Reuters reported that Italy’s Treasury and Lufthansa (LHAG.DE) had extended exclusive discussions regarding the sale of ITA Airways until May 12.
State-controlled ITA succeeded Alitalia in 2021.
The anonymous source claimed Treasury approved Lufthansa’s request for more time for discussions. No details were given.
The insider said talks are “constructive.”
Lufthansa did not immediately react.
Last week, ITA’s chairman stated the deal’s key features were determined, and the parties anticipated announcing it shortly.
Reuters claimed that the German airline was talking with Rome to buy a 40% interest in ITA for 200 million euros ($220.88 million) to buy the balance later.
Due to the coronavirus epidemic and rising fuel prices, ITA, which is still in startup mode, lost 486 million euros last year.
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