Well, what’s happening, in my opinion, is that things are happening now that should happen later. But let's take it a step at a time. Right now Lufthansa has a minority stake in ITA, but it is leading the way, from the appointment of the managing director to the many other applications that expose ITA Airways' weakness. Like the move from the SkyTeam maxi alliance to the Star Alliance which belongs to Lufthansa.
Now, I wonder, does the Treasury, which still holds the majority share, not notice these anomalies. Sure, in a couple of years Lufthansa will be the majority shareholder, but in a couple of years. Or maybe next year. But not now.
A procedure that is rarely seen when two companies interact. The one who holds the majority wields the power, and the minority does not have a leading role. Here things have gone exactly the opposite way. Is it possible that no one has noticed?
Giuseppe Aloe
Editor in Chief
