On Thursday, Italian Economy Minister Giancarlo Giorgetti told Ansa news agency that Lufthansa (LHAG.DE) CEO Carsten Spohr will visit Rome to explore investing in ITA-Airways.
Lufthansa declined to comment. The German carrier is negotiating with Rome to buy a 40% stake in the airline for 200 million euros ($220 million), to buy the whole later.
ITA, the successor to Alitalia, launched in 2021 and lost 486 million euros last year due to the pandemic and rising fuel prices.
Lufthansa began exclusive talks to buy a large interest in the company in January. These were extended past April 24.
The Treasury struggles with privatization. Rome poured 1.1 billion euros into the airline, and the EU enabled it to spend 250 million euros more.
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