Brač secures new 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.

Brač secures new flights

NEWS FLASH

German charter carrier Sundair will commence flights from Dusseldorf and Berlin to Brač next summer, operated on behalf of leisure airline Condor. Services will commence on May 21 and May 22 respectively and operate once per week until the start of October. Flights are now bookable via Condor’s website. Further details for the Dusseldorf - Brač service can be found here, while additional information for the Berlin flights can be viewed here.

Comments

Anonymous13:31
Finally BWK gets some nice news! The good thing is that the period will be quite large from May to October. Bravo Hrvatska!
ReplyDelete
Replies
XXXXX111120:34
Canadian Airline ,Air Transat announced they will be coming back to Zagreb for 2021 ,you haven't report that.
ReplyDelete
Replies
Anonymous07:25
Well. many new routes were announced but soon rescheduled or cancelled. So, better wait till summer :-)
ReplyDelete
Replies

Add comment

Search This Site

Brač secures new flights

Comments

Post a Comment