By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: ITA Airways: an expanding, a soon-to-be privatised carrier
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Have an existing account? Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2024 | All Rights Reserved
Travel Radar - Aviation News > News > ITA Airways: an expanding, a soon-to-be privatised carrier

ITA Airways: an expanding, a soon-to-be privatised carrier

Giacomo Amati
Last updated: 14 May 2022 17:41
By Giacomo Amati 3 Min Read
Share
ITA Airways A320 taxiing. @ Styyx
ITA Airways A320 taxiing. @ Styyx
SHARE

The Italian government is preparing to sell the newly born Italian national carrier, ITA Airways. In the meantime, the airline has just received its flagship Airbus A350.

Summary
The data room has been openedThe plan for the sale of ITAThe ongoing financial support from the state…… and the fleet expansion

The data room has been opened

According to the Italian Minister of Economy, Daniele Franco, the government is aiming at selling the newly established Italian national carrier by the end of the next month.

Indeed, the Ministry of Economy and Finance (MEF) has set the deadline for binding offers on May 23rd. So far, three interested parties have had access to ITA Airways finance data room: the shipping group MSC, along with the future possible commercial partner Lufthansa, the U.S.-based Certares fund, in cooperation with Delta Air Lines and Air France, and the investor Indigo Partners.

The plan for the sale of ITA

Following an ad-hoc decree, the plan of the Italian government is that of privatising the Italian carrier through a direct sale, although a minority, non-controlling stake will be held by the MEF.

Although any decision has yet been made, the Ownership and Control rule for Europe requires that at least 51% of the shares have to be owned by a European party.

The ongoing financial support from the state…

Until a decision is made, the Italian government has been authorised by the European Commission to inject €1.35bn into the NewCo by 2023. However, if one of the interested parties is going to sign a privatisation deal, the financial support granted by the state would be limited.

In 2021, the Italian Treasury paid €700m to the airline, and it is expected to inject an additional €400m in 2022, with a final €250m tranche in 2023.

… and the fleet expansion

On May 11th, the brand new ITA Airways flagship Airbus A350-900 (EI-IFA) landed in Rome Fiumicino, its new home. With the delivery, ITA Airways has become the first operator of the type in Italy.

According to Airbus, the aircraft will start operations at the beginning of June, and it will be deployed on the new international routes ITA will serve in the summer season from Rome Fiumicino: Los Angeles, Buenos Aires, and Sao Paulo.

ITA Airways brand new A350. @ ITA Airways
ITA Airways brand new A350. @ ITA Airways

The A350 features two classes. Given the long-haul routes the aircraft is set to serve, the Business class offers ITA customers 33 fully lie-flat seats in a four-abreast setup, making up 10% of the aircraft’s total capacity. Economy class features 301 economy seats in a nine-abreast setup, for a maximum capacity of 334 passengers.

What do you think of ITA’s future in the next couple of months? Let us know in the comment below!

You Might Also Like

Wheel on Landing Gear Fell Lose on Jeju Air Plane When Landing

IATA records 8% Global Passenger Growth from April 2024

RwandAir Plans to Boost Heathrow Route with Leased A330

Wizz Air Welcomes its First Airbus A321XLR

From Waste to Watts: Cathay Dining Launches Hong Kong’s First Inflight Food Waste Recycling System

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Giacomo Amati
By Giacomo Amati
Follow:
Aviation Reporter - Giacomo has been passionate about commercial aviation since his very childhood. Currently, he is pursuing a Master in Air Transport Management at the University of Surrey, UK. His expertise within the industry entails an internship with Emirates Airlines in Milan Malpensa airport and a bachelor's thesis on the financial status of the former Italian national carrier, Alitalia. Besides aviation, Giacomo loves foreign languages, German being his favourite one, and travelling.
Previous Article Changi East Project Poster The Changi East Project | The future of Singapore’s Aviation
Next Article Aeroflot Airbus A330 Aeroflot Buys 8 Stranded Airbus A330 Aircraft
Leave a comment
Subscribe
Login
Notify of
guest
guest
0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

EasyJet and EasyJet Holidays partners
EasyJet: Launch of new base in Newcastle, Creating 1,200 job opportunities in UK
Airline Economics
Air Niugini A220
Air Niugini Expands Airbus A220 Fleet to Boost Regional Connectivity
Aviation Did You Know Travel
Pegasus Airlines Airbus A320-251N © Kasongo Bulobo
Pegasus Airlines Expands Network with 6 New Routes Across Turkey and Europe
Airlines Aviation Route Development
Newly appointed IATA Regional Vice President, Sheldon Hee
IATA Appoints Sheldon Hee as Regional Vice President for Asia-Pacific
Airlines Aviation Did You Know
T'way Air Airbus A330-200 at Frankfurt Airport arriving from Seoul, Incheon Airport.
Korean Air, Jeju Air, and T’way Air Face Hefty Fine of US $2.6 Million
Airlines Aviation Incidents & Accidents
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • About Us
  • Contact Us
  • Careers
  • Press & PR
  • Privacy & Legal

Our Content

  • News
  • Data
  • Images
  • Jobs
  • Subscribe

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Click here to Signup!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?