Lufthansa CEO Calls for Significant Alitalia Cuts
FRANKFURT (Reuters) - Lufthansa sees a need for significant restructuring at Italy’s Alitalia before the German group would be prepared to buy the airline, Lufthansa’s chief executive said in a letter seen by Reuters, tempering expectations for a quick deal.
“While recognizing the valuable measures that have been undertaken to date... we strongly believe that there remains a considerable amount of work to be achieved before Lufthansa would be in the position to enter comprehensively into the next phase of the process,” Carsten Spohr said in the letter to Italian Industry Minister Carlo Calenda on Thursday.
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