Ita Airways, two million euros in losses a day. A president and a bonus of 400 thousand euros if they sell the company – Il Fatto Quotidiano

The short 2021 of Ita Airways (the company has been operational since last October 15) ended with one loss of over 1.9 million euros per day. Difficult months for all the companies, due to a resurgence of the pandemic, that the carrier born from the ashes of Alitalia has filed with a red of 148 million euros. The figure is slightly better than anticipated at the beginning of January and was made official yesterday, on the occasion of theapproval of the financial statements by the shareholders’ meeting. The same assembly also gave the go-ahead to the salaries of the executive president Alfredo Altavilla and the CEO Fabio Lazzerini. For both there is a fixed amount of 400 thousand euros gross the year with the possibility of adding another 400 thousand euros each in case of achievement of some objectives, essentially if they manage to sell the company.

In fact, from today the data room. It means that those interested in the company will be able to examine Ita’s accounting situation in more depth. There are a couple of suitors in contention. The most concrete interest seems to be that of the MSC naval group interested in acquiring a majority stake. At his side there would be the German Lufthansa which, however, at least initially, would not enter the capital directly. The other hypotheses are those of the Certares fund with Air France and Delta and of the Indigo fund. Interested parties now have until the end of May to formalize an offer.

Today the president of Lufthansa Carsten Spohr he said: “We are closely monitoring the renewed consolidation taking place in the airline industry. With the resumption of European air transport, the pressure to consolidate is increasing significantly. As Europe’s largest airline, we naturally continue to play an active role in this process. For us, however, an iron and at the same time simple rule applies: oevery transaction must create value “. The value that Lufthansa seeks could perhaps arrive with the other 400 million euros that the Italian government is preparing to pay into the capital of Ita. The check, which follows an initial payment from was expected by the end of March but the Treasury has decided to postpone it. The hope is that the buyer will be responsible for the capital needs of the company.

let’s carry on together
the battles we believe in!

Supporting means allowing us to continue publishing an online newspaper full of news and insights, accessible to all.
But also being an active part of a community and doing your part with ideas, testimonials and participation.

Peter Gomez

Support us now

Payments available

Previous article

Cingolani: “With immediate stop to Russian gas next winter at risk”. EU Commissioner Simson: “Sanction Gazprom”


Next article

Modern, triple earnings thanks to Covid vaccines. In 2022 new contracts for 21 billion dollars


We would like to thank the author of this short article for this remarkable material

Ita Airways, two million euros in losses a day. A president and a bonus of 400 thousand euros if they sell the company – Il Fatto Quotidiano

Visit our social media accounts along with other related pages