Announced
Financials
Sources
Tags
Domestic
Private
airlines
Friendly
Acquisition
Majority
Italy
Single Bidder
Pending
aviation
Airlines
Synopsis
Italia Trasporto Aereo, a state-owned flag carrier of Italy, agreed to acquire the flight operations of Alitalia, an Italian airline, for $101m. The Treasury of Italy has reached a deal with the European Commission for ITA to replace the current debt-ridden Alitalia. ITA will maintain 85% of the slots currently held by Alitalia at Milan Linate Airport and 43% of the slots at Rome Fiumicino International Airport.
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