MSC Group on Monday made its interest known to the Italian government, which owns ITA Airways, requesting a 90-day period of exclusive negotiations. According to ITA Airways, both MSC Group and Lufthansa want Italy to maintain a majority stake.
Cargo and cruise synergies
MSC cited potential synergies with its cargo and cruise businesses.
A deal is subject to regulatory approvals and due diligence.
ITA Airways commenced operations in October as the successor of bankrupt Alitalia.