Airline

Lufthansa eyes stake in ITA Airways

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Lufthansa eyes stake in ITA Airways

Lufthansa and Swiss-Italian shipping conglomerate MSC are revealed to have expressed an interest in acquiring a majority stake in ITA Airways.

MSC has indicated that it would create a partnership with the Italian government, which fully owns ITA Airways, alongside Lufthansa. MSC hopes such a deal could expand the company from container shipping into air freight.

The offer has triggered a period of 90 days for exclusive negotiations.