Deals
Italy Is Set to Approve Start of Process to Sell Airline ITA
- Draghi’s government to meet later this week on sale of carrier
- MSC has expressed interest in deal that may include Lufthansa
A passenger aircraft, operated by Alitalia-Societa Aerea Italiana SpA, takes off from Linate airport in Milan, Italy, on Wednesday, Feb. 26, 2020.
Photographer: Gianmarco Maraviglia/BloombergThis article is for subscribers only.
Italy’s government is set to approve the start of the process to sell ITA Airways -- the successor to Alitalia -- as soon as this week, people familiar with the matter said, following an approach by Mediterranean Shipping Co. with support from Deutsche Lufthansa AG.
The administration led by Mario Draghi will discuss the sale of the state-controlled company at a cabinet meeting scheduled for Friday and is taking a positive view on a deal with MSC, the people said, asking not to be named discussing confidential deliberations.