Germany’s Lufthansa and Swiss-Italian shipping conglomerate MSC have expressed an interest in acquiring a majority stake in ITA Airways, the successor to bankrupt Alitalia, in a sign of how the pandemic could reshape parts of the European aviation industry.
Geneva-based MSC on Monday said it aimed to create a partnership with the Italian government, which fully owns ITA Airways, alongside Lufthansa, setting off a period of 90 days for exclusive negotiations.
MSC, the world’s largest container shipping group, added that the deal would help it expand into air cargo, a sector that has thrived during the pandemic, while strengthening the Frankfurt-based airline’s network in Europe.
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