{"id":21777,"date":"2023-04-25T00:03:24","date_gmt":"2023-04-25T00:03:24","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/italy-lufthansa-extend-exclusive\/"},"modified":"2023-04-25T00:08:29","modified_gmt":"2023-04-25T00:08:29","slug":"italy-lufthansa-extend-exclusive","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/italy-lufthansa-extend-exclusive\/","title":{"rendered":"Italy, Lufthansa extend exclusive talks on ITA Airways sale"},"content":{"rendered":"

ROME (Reuters) – Italy’s Treasury and Germany’s Lufthansa have agreed to extend exclusive talks over the sale of ITA Airways until May 12 from the previous deadline of April 24, a source close to the matter told Reuters on Monday.<\/p>\n

State-controlled ITA officially replaced the money-losing Alitalia airline in 2021.<\/p>\n

The source, speaking on condition of anonymity, said Treasury granted Lufthansa’s request for extra time for the talks. The source did not provide further details.<\/p>\n

Talks proceed in a “constructive manner”, the source added.<\/p>\n

Lufthansa did not immediately respond to a request for comment.<\/p>\n

ITA’s chairman said last week the main elements of a deal were defined and the parties hoped to announce it soon.<\/p>\n

Reuters previously reported that the German carrier was negotiating with Rome over the purchase of a 40% stake in ITA, valued at around 200 million euros ($220.88 million), with the idea of buying the rest at a later stage.<\/p>\n

ITA, which says it is still in a start-up phase, posted a loss of around 486 million euros last year due to the lingering effects of the coronavirus pandemic and rising fuel costs.<\/p>\n

($1 = 0.9055 euros)<\/p>\n

\n

(Reporting by Giuseppe Fonte; Editing by Paul Simao)<\/p>\n

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ROME (Reuters) – Italy’s Treasury and Germany’s Lufthansa have agreed to extend exclusive talks over the sale of ITA Airways until May 12 from the previous deadline of April 24, a source close to the matter told Reuters on Monday. State-controlled ITA officially replaced the money-losing Alitalia airline in 2021. The source, speaking on condition […]<\/p>\n","protected":false},"author":8,"featured_media":21778,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-21777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3N0N0-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/21777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=21777"}],"version-history":[{"count":3,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/21777\/revisions"}],"predecessor-version":[{"id":22080,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/21777\/revisions\/22080"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/21778"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=21777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=21777"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=21777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}