Croatia Airlines resumes domestic flights

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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.

Croatia Airlines resumes domestic flights

NEWS FLASH

Croatia Airlines resumed part of its domestic network yesterday, with the carrier operating two daily services from Zagreb to both Dubrovnik and Split. The first rotation to each coastal city saw some sixty passengers on board the Q400 turboprop aircraft. All passengers and crew wore face masks, which are now compulsory on Croatia Airlines flights. “In the coming days, we will follow the advice of health authorities and will adjust our operations accordingly. We are preparing several scenarios for the wider resumption of air traffic, and I’m hopeful that we will be able to announce some new destinations very soon”, the carrier’s CEO, Jasmin Bajić, said.

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Anonymous13:17
very nice :)
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Anonymous18:36
Very good news!
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Croatia Airlines resumes domestic flights

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