Lufthansa and Air France-KLM are circling collapsed UK regional airline Flybe to try to obtain its take-off and landing slots at London's Heathrow Airport, Britain's Telegraph newspaper reported on Saturday. Lufthansa and Air France-KLM declined to comment.
Europe was entering an "inevitable" post-pandemic period of airline consolidation as legacy flag-carriers struggle to navigate through a competitive landscape, the chief executive of low-cost carrier Ryanair said on Wednesday. "We are definitely, post-COVID, entering a four or five-year period of consolidation," Ryanair's Michael O'Leary told Reuters on the sidelines of a news briefing in Portugal's capital Lisbon. Many of Europe's legacy airlines are finding it tough to effectively compete with budget carriers, hampered by weak balance sheets that could be made more robust by merging with rivals, analysts have said.
ROME (Reuters) -Italy's Treasury on Friday said it had signed a letter of intent with Lufthansa over the sale of a minority stake in state-owned airline ITA Airways, paving the way for negotiations with German carrier. Last week, Lufthansa offered to buy a minority stake in the loss-making successor of Italy's Alitalia, saying Italy was a prominent market both for business travellers and tourists.