Search Travel Market Report

mainlogo
www.travelmarketreport.com
  • News
  • Tours & Packages
  • Cruise
  • Hotels & Resorts
  • Destinations
  • Retail Strategies
  • Niche & Luxury
  • Well-Being Travel
  • Training & Events
  • Who We Are
    • Anne Marie Moebes
    • Brian Israel
    • Dan McCarthy
    • Denise Caiazzo
    • Dori Saltzman
    • Kelly Fontenelle
Sponsored By ALG
Sponsored By ALG

MSC Group and Lufthansa Offer to Buy ITA Airways

by Daniel McCarthy / January 25, 2022
MSC Group and Lufthansa Offer to Buy ITA Airways

Photo: Yaya Photos / Shutterstock.com


MSC Group, the largest container shipping line in the world and parent company of MSC Cruises, and Lufthansa are in the process of creating a partnership with the Italian Government to purchase ITA Airways, the carrier that was formerly Alitalia.

Reuters reported the news this week and MSC confirmed it on Monday, writing that it “has expressed to the Italian Government its interest in acquiring a majority stake in ITA Airways” and calling Lufthansa the deal’s “industrial partner.”

“MSC Group’s interest derives from the possibility of activating positive synergies for both companies in cargo and passenger sectors where the MSC Group is a global leader,” the statement said.

MSC and Lufthansa have now asked for a 90-day exclusivity period to finish the deal, which would write another chapter in the growing history of Alitalia airlines.

Alitalia, which has ceased to exist since October 2021, was once the flag carrier and largest airline of Italy. After years of financial trouble, the Italian government took full control of it in March 2020 and eventually reorganized it as ITA Airways, which picked up the tile of flag carrier in October 2021.

  26
  0
Related Articles
German Airport Strike Update: Over 2,300 Friday Flights Cancelled
Workers at Seven German Airports to Strike on Friday
Thousands of Lufthansa Passengers Stranded After IT System Failure
MSC Cruises Offers Advisors Chance to Win Big
MSC Cruises Unveils Brand Campaign Showcasing Sustainability
Lufthansa Submits Offer to Buy Italian Airline ITA Airways
Galveston to Be Fourth U.S. Homeport for MSC Cruises
Lufthansa Embarks on Ambitious Fleet Overhaul Post-COVID
MSC Cruises Reveals Dining Onboard MSC Seascape
U.S. State Department Adds Some European Travel Advisories

MOST VIEWED

  1. Why Travel Advisors Need to Learn to Say No to New Business
  2. U.S. Passport Renewal Processing Time Now 8 to 11 Weeks
  3. Government of Canada Updates Its Mexico Travel Advisory
  4. U.S. Passport Renewal Waiting Time Could Soon Get Even Worse
  5. European Union Delays Launch of ETIAS Until At Least 2024
  6. Here’s What the U.S. and Canada Are Saying About Travel and Crime in Mexico

MOST EMAILED

  1. U.S. Passport Renewal Processing Time Now 8 to 11 Weeks
  2. U.S. Passport Renewal Waiting Time Could Soon Get Even Worse
  3. Why Travel Advisors Need to Learn to Say No to New Business
  4. European Union Delays Launch of ETIAS Until At Least 2024
  5. What Travel Advisors Need to Know about the Florida Seller of Travel License
  6. 9 Travel-Advisor Friendly Paris Boutique Hotels to Know About
TMR THIS WEEK
Sponsored by Explora Journeys
//services.travelsavers.com/AMGService.svc/REST/GetImage?ImageID=78f79d51-15c7-ed11-b00b-005056a8720b&Width=350&Height&250

All About Culinary Immersion at Sea

Travel advisors can help their foodie clients enjoy true immersion experiences by booking them on culinary-focused cruises.

Read More...
TMR Subscription

Subscribe today to receive daily in-depth coverage, analysis of industry news, trends and issues that affect how you do business. Subscribe now for free.

Subscribe to TMR

Top Stories
A Massive Sargassum 'Blob' Could Heavily Impact Florida Beaches this Summer
A Massive Sargassum 'Blob' Could Heavily Impact Florida Beaches this Summer

This year’s summer travel season could look slightly different at some of the world’s best beaches.

Read...
Culinary Adventures: Villa Rentals Can Take Your Clients' Tastebuds on a Journey
Culinary Adventures: Villa Rentals Can Take Your Clients' Tastebuds on a Journey

There is no denying that food is one of the most essential elements of travel. 

Read...
Amtrak Introduces Off-Peak, Late-Night Discount Fares
Amtrak Introduces Off-Peak, Late-Night Discount Fares

Late-night travelers and night owls rejoice.

Read...
Air Canada Adds Summer Service to Amsterdam from Montreal
Air Canada Adds Summer Service to Amsterdam from Montreal

The new service will kick off on June 2.

Read...
Nepal Bans Solo Trekkers Throughout the Country
Nepal Bans Solo Trekkers Throughout the Country

The move comes five years after Nepal banned solo climbing on Mount Everest. 

Read...
China Reopens Borders to Travelers for First Time in Three Years
China Reopens Borders to Travelers for First Time in Three Years

China also announced that it would honor valid visas issued prior to the country’s shutdown in March 2020.

Read...
TMR OUTLOOKS & WHITE PAPERS
river cruise 2022
group outlook 2022
lux cruise outlook
CP White Paper
Multi-Gen Outlook
River Cruise Outlook 2019
View All
Advertiser's Voice
https://img.youtube.com/vi/BDz_-mzUmZA/0.jpg
Meet South Africa with Your Local Guides
About Travel Market Report Mission Staff Advisory Board Advertise
TMR Resources Webinars Calendar of Events Outlook/Whitepapers Previous Sponsored Articles Previous This Week Articles
Subscribe to TMR
Select Language
Do You Have an Idea Email
editor@travelmarketreport.com
Give Us a Call
1-(516) 730-3097
Drop Us a Note
Travel Market Report
71 Audrey Ave, Oyster Bay, NY 11771
News |Tours & Packages |Cruise |Hotels & Resorts |Destinations |Retail Strategies |Niche & Luxury |Well-Being Travel |Training & Events |Who We Are
© 2005 - 2023 Travel Market Report, an American Marketing Group Inc. Company All Rights Reserved | 243 South Street, Oyster Bay, NY, 11771 USA | Telephone (516) 730-3097| Terms and Conditions
Cookie Policy Privacy Policy