Monday, May 23, 2022

Italy looking for two bids for airline ITA as deadline looms -sources

Italy looking for two bids for airline ITA as deadline looms -sources

Italy expects to attract at least two rival bids for ITA Airways, the successor to Alitalia, before the deadline for its part privatisation expires at midnight on Monday, two sources close to the matter said.

Shipping group MSC, which is working with Germany's Lufthansa, is seen as the leading candidate, but a consortium comprising U.S. private equity fund Certares, Air France-KLM and Delta Air Lines Inc is also expected to make a competitive offer, the sources said. (Additional reporting by Ilona Wissenbach, Tim Hepher, Abhijith Ganapavaram; Writing by Keith Weir; Editing by Bill Berkrot)



Italy looking for two bids for airline ITA as deadline looms -sources
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