Skift Take
What are the chances that Lufthansa ends up owning at least parts of Alitalia and Condor? It doesn't seem enthusiastic about either, but it might be better than letting a competitor get hold of them — as long as regulators agree.
Consolidation might be the big buzzword in European aviation at the moment, but Lufthansa Group has distanced itself from two potential deals. But, of course, being aloof is sometimes part of a strategy.
A Reuters story at the end of last month suggested the German airline group was willing to invest $223 million (€200 million) in struggling Alitalia as part of a rescue deal.
However, speaking on an earnings call with analysts after the release of Lufthansa’s third-quarter results, CEO Carsten Spohr implied that a deal was still in the balance.
“On Alitalia, our position has not changed. We have said numerous times, we're not interested to invest into the current Alitalia. We are interested to look at a restructu
