Lufthansa Group has declined to comment on reports that CEO Carsten Spohr and Giancarlo Giorgetti, Italy’s minister of economy and finance, are to meet at the weekend to resolve an alleged last-minute impasse over the acquisition of state-owned ITA Airways (AZ, Rome Fiumicino).
A person familiar with the matter told Reuters on November 5 that the Italian ministry allegedly put the deal on hold because Lufthansa (LH, Frankfurt International) parent wanted to pay less than agreed. However, the same day, a…
Source: ch aviation
Read more: Lufthansa, Italy economy minister to meet over ITA – report