United adds new Zagreb codeshare

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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.

United adds new Zagreb codeshare

NEWS FLASH

United Airlines has added its designator code and flight numbers onto Air Canada Rouge's seasonal summer service between Toronto and Zagreb. The US carrier already codeshares on Croatia Airlines' flights from Amsterdam, Brussels, Dublin, Paris, Frankfurt, London, Munich and Zurich to the Croatian capital, as well as on Lufthansa's services from Frankfurt. Last month, the Croatian Minister for Tourism, Gari Cappelli, said that nonstop flights between the United States and Zagreb will likely commence during the 2020 summer season. "The service to Zagreb will most likely be seasonal from New York during its first year of operations, while year-round flights could commence as early as the second year", Mr Cappeli said..

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Anonymous10:37
Bravo Hrvatska!
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Anonymous23:34
Why old UA logo?
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United adds new Zagreb codeshare

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