{"id":26741,"date":"2023-04-28T04:59:54","date_gmt":"2023-04-28T04:59:54","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/lufthansa-says-hopeful-of\/"},"modified":"2023-04-28T05:03:53","modified_gmt":"2023-04-28T05:03:53","slug":"lufthansa-says-hopeful-of","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/lufthansa-says-hopeful-of\/","title":{"rendered":"Lufthansa says hopeful of finalising ITA deal in days"},"content":{"rendered":"<p>By Aditi Shah<\/p>\n<p>NEW DELHI (Reuters) -Lufthansa is hopeful of finalising the partial takeover of Italy&#8217;s state-owned ITA Airways within days, an executive at the German carrier said on Thursday, describing talks with the Italian government as &#8220;very good.&#8221;<\/p>\n<p>The two airlines agree on how to work together to win market share, Harry Hohmeister, head of global markets and network, Lufthansa Group Airlines, said at a New Delhi press conference to announce new flights to India.<\/p>\n<p>&#8220;We will start with most probably some minority share and all the rest is still under negotiation,&#8221; he said, declining to give details but adding there was hope of a decision over the next few days.<\/p>\n<p>ITA has worked out the main elements of the deal and hopes to announce it soon, the Italian airline&#8217;s chairman said last week.<\/p>\n<p>Sources have previously said the German carrier is negotiating with Rome over buying a 40% stake in ITA, worth around 200 million euros ($218.82 million), with the idea of buying the rest later.<\/p>\n<p>&#8220;A successful partnership with an airline always comes from good cooperation on sales, capacity management, designing the right network, having the right prices in the market,&#8221; Hohmeister said. &#8220;I think ultimately we will win market share.&#8221;<\/p>\n<p>The deal with ITA is expected to help Lufthansa win more fliers from India, the world&#8217;s fastest-growing aviation market where the German carrier is expanding as air travel rebounds strongly. Italy is a popular destination for Indian tourists and ITA already operates some nonstop Italy-India flights.<\/p>\n<p>Lufthansa said earlier on Thursday it would soon launch flights between Germany and the southern Indian cities of Bengaluru and Hyderabad.<\/p>\n<p>Lufthansa is adding service to India as Tata Group-owned Air India plans aggressive growth with non-stop flights to Europe and the U.S., and budget carrier IndiGo widens its global network through codeshare partner Turkish Airlines.<\/p>\n<p>&#8220;We are taking it very seriously that India is on the move,&#8221; Hohmeister said, but he noted that competition from Middle Eastern carriers is a bigger concern.<\/p>\n<p> (Reporting by Aditi Shah; Editing by Richard Chang)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/lufthansa-says-hopeful-of\/file-photo-strike-called-by-the-german-trade-union-verdi\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3Q0X6-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3Q0X6-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Aditi Shah NEW DELHI (Reuters) -Lufthansa is hopeful of finalising the partial takeover of Italy&#8217;s state-owned ITA Airways within days, an executive at the German carrier said on Thursday, describing talks with the Italian government as &#8220;very good.&#8221; The two airlines agree on how to work together to win market share, Harry Hohmeister, head [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":26742,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-26741","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_LYNXMPEJ3Q0X6-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26741","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=26741"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26741\/revisions"}],"predecessor-version":[{"id":27260,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26741\/revisions\/27260"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/26742"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=26741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=26741"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=26741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}