{"id":86032,"date":"2022-05-24T22:52:57","date_gmt":"2022-05-24T22:52:57","guid":{"rendered":"https:\/\/mytravelleader.com\/?p=86032"},"modified":"2022-05-24T22:52:57","modified_gmt":"2022-05-24T22:52:57","slug":"msc-group-and-lufthansa-submit-joint-bid-for-ita-airways-travel-weekly","status":"publish","type":"post","link":"https:\/\/mytravelleader.com\/transport\/msc-group-and-lufthansa-submit-joint-bid-for-ita-airways-travel-weekly\/","title":{"rendered":"MSC Group and Lufthansa submit joint bid for ITA Airways: Travel Weekly"},"content":{"rendered":"
Shipping company MSC Group, the parent of MSC Cruises, has placed a formal bid for a majority stake in Italy\u2019s ITA Airways. <\/p>\n
The bid was made in conjunction with Germany\u2019s Lufthansa Group, an MSC spokesman confirmed in a Tuesday email.\u00a0<\/p>\n
MSC didn\u2019t provide details of the bid, though Reuters has reported that MSC would control 60% of ITA while Lufthansa would control 20%. The Italian government, which currently owns ITA, would keep 20% of the carrier, Reuters said, citing an anonymous source familiar with the matter.\u00a0<\/p>\n
Lufthansa did not respond to a request for comment on Tuesday.\u00a0<\/p>\n
In January, when MSC first confirmed its interest in ITA, the company said that buying the airline could bring synergies for its passenger cruise and commercial shipping businesses.\u00a0<\/p>\n
Italian billionaire Gianluigi Aponte founded and owns MSC.<\/p>\n
ITA replaced Alitalia as Italy’s flag carrier last October.<\/p>\n