Lufthansa's risky Italy bet hinges on Rome airport expansion

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Lufthansa's risky Italy bet hinges on Rome airport expansion - Channel News Asia

Quick Summary:

ROME/LONDON/FRANKFURT : Lufthansa's long-promised turnaround of Italy's ITA Airways, crucial to help revive the German airline's fortunes, is interlinked with Rome airport Fiumicino's ability to implement an ambitious expansion plan.

Fiumicino is still waiting for clearance from Italian airport regulator ENAC to double its capacity to 100 million passengers annually by building a third terminal and more runway space.

Struggling with high costs and prolonged delays in Boeing plane deliveries, Lufthansa CEO Carsten Spohr said on Oct.1 that investing in further international growth - which includes the agreed purchase of a 41 per cent stake in Alitalia successor ITA - would help to revamp the hard-hit Cologne-based carrier.