Memmingen expansion to shift Wizz flights

GLOBAL AVIATION NEWS

Italy to sell ITA in June

Italy's government aims to sell state-owned ITA Airways, the successor to Alitalia, by the end of June after setting a deadline for binding offers of May 23, Economy Minister Daniele Franco said. Three prospective bidders for ITA Airways have had access to its finance data room, Franco said addressing parliament over the issue. They are shipping group MSC alongside Germany's Lufthansa, the U.S. Certares fund in cooperation with Delta and Air France, and investor Indigo Partners, Franco added. Under a government decree, Rome plans to privatise ITA through a direct sale while retaining a minority, non-controlling stake in a first stage. MSC in January requested an exclusivity period of 90 days to iron out details of an acquisition, but Rome opted for a market-based procedure aimed at keeping the door open to other potential suitors. "The outcome of the negotiations is not a foregone conclusion. We will examine the three offers in a transparent way, there is no decision on our part at present", Franco said adding a key factor is that the buyer is at least 51% owned by a European player. Lufthansa is interested in taking a minority stake in ITA, leaving the majority to MSC, the airline said in remarks during its shareholders meeting. It added, however, that the review of ITA's financial data would be important to confirm this preliminary intention. If the deal does go through, Lufthansa aims to build a close commercial cooperation with ITA and expects synergies to make the investment profitable in the long term, the carrier said. Under an agreement with the European Union, Rome can inject up to 1.35 billion euros into the ITA by 2023. A privatisation deal would potentially reduce the financial support granted by the state, limiting the costs for Italian taxpayers.

Memmingen expansion to shift Wizz flights

NEWS FLASH

Wizz Air will temporarily move its operations from Memmingen to Friedrichshafen between September 17 and 30. This will affect flights from Belgrade, Niš, Ohrid, Podgorica, Pristina, Skopje and Tuzla. It comes on the back of the planned expansion of Memmigen Airport's runway, which will result in its closure. "Requirements imposed by the authorities, requiring extensive work during the daytime, led to this decision. Talks have already been held with the airlines concerned", Memmingen Airport said in a statement. Passengers booked on flights to and from Memmingen during this period will be arriving and departing at Friedrichshafen Airport instead.

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Anonymous15:09
Crazy.
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kraspeed17:51
How come the expansion is taking place in September, which is still high season, and not in the slower winter months?
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Memmingen expansion to shift Wizz flights

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