Thursday, 19 April 2018

Lufthansa sees Italy coming under pressure over Alitalia

Lufthansa
The chief executive of Lufthansa said the German carrier is not interested in Alitalia in its present form and that it needs restructuring. (Reuters)

BRUSSELS: Lufthansa expects the European Commission will put pressure on Italy to find a solution for ailing flag carrier Alitalia, the German group’s chief executive said on Tuesday.

“I am certain Brussels will increase pressure and force a solution and then we will take a look to see if it offers any chances for us,” Carsten Spohr told journalists on the sidelines of an Airlines for Europe event in Brussels.

Spohr said he expected there would be more merger activity among airlines in Europe. “Europe needs more consolidation and will see more consolidation,” he said.

Europe’s airline industry was shaken last year by the insolvencies of Air Berlin and Monarch, as well as Alitalia entering an administration process.

Spohr, however, repeated that Lufthansa was not interested in Alitalia in its present form and that it needed restructuring.

British Airways parent IAG is also not interested in Alitalia, the group’s CEO Willie Walsh said at the event.

“I think our focus on Italy is organic growth principally through Vueling,” he said, referring to the group’s Spanish budget carrier.

Check Also

ZTE

UK Spy Agency Claims China’s ZTE “Poses Risk to UK Security”

LONDON: UK government agency The National Cyber Security Centre (NCSC) told the country’s telecommunications providers ...

Leave a Reply