Delta Airlines could get its hands on ITA, the public company that replaced the airline Alitalia. The American carrier Delta has told the Italian government that it will present an expression of interest in ITA Airways, as reported by Repubblica, while the Draghi government is ready to discuss the sale of the state-controlled airline today in CDM.
The structure of the possible privatization deal of the former Alitalia is still to be defined, also on the basis of any upcoming offers, but in any case provides for the sale of a majority stake and maintenance by the Treasury of a minority stake. Downstream of today’s CDM, the Ita / Alitalia Board of Directors will also have to officially approve the sales process and the opening of the data room to potential buyers in the context of a competitive divestment process.
Before Delta, even the Mcs Group is among the potential buyers together with Air-France / KLM (former commercial partners of Ita / Alitalia), as well as two international investment funds. It will not enter the data room, however, Lufthansto. At the moment, the German company has not formalized an expression of interest in Ita. Given the `strategic importance` of air transport, the data room will be open only to those who have a real interest with a credible development plan for Ita / Alitalia writes Equita. According to the analysts of the Milanese SIM, the interest shown in Ita / Alitalia by various international players signals the high potential and attractiveness of the Italian air transport sector. Furthermore, a strengthening of Ita / Alitalia, also in terms of commercial collaborations with any industrial players, would also lead to greater attractiveness for Fiumicino (= AdR), whose traffic currently depends 30% / 40% on Ita / Alitalia.