Lufthansa sees Italy coming under pressure over Alitalia

The chief executive of Lufthansa said the German carrier is not interested in Alitalia in its present form and that it needs restructuring. (Reuters)
Updated 06 March 2018

Lufthansa sees Italy coming under pressure over Alitalia

BRUSSELS: Lufthansa expects the European Commission will put pressure on Italy to find a solution for ailing flag carrier Alitalia, the German group’s chief executive said on Tuesday.
“I am certain Brussels will increase pressure and force a solution and then we will take a look to see if it offers any chances for us,” Carsten Spohr told journalists on the sidelines of an Airlines for Europe event in Brussels.
Spohr said he expected there would be more merger activity among airlines in Europe. “Europe needs more consolidation and will see more consolidation,” he said.
Europe’s airline industry was shaken last year by the insolvencies of Air Berlin and Monarch, as well as Alitalia entering an administration process.
Spohr, however, repeated that Lufthansa was not interested in Alitalia in its present form and that it needed restructuring.
British Airways parent IAG is also not interested in Alitalia, the group’s CEO Willie Walsh said at the event.
“I think our focus on Italy is organic growth principally through Vueling,” he said, referring to the group’s Spanish budget carrier.
Britain’s easyJet acquired some Air Berlin operations and CEO Johan Lundgren said it was busy working on integrating that at present.
“As with Air Berlin, we will take opportunities when they are right to take,” he added.


Getting more women into leadership positions top priority: CEO

This June 23, 2018 photo, shows a general view of Riyadh, Saudi Arabia. (AP)
Updated 18 January 2020

Getting more women into leadership positions top priority: CEO

  • Saudi Arabia is focusing on the Business 20 (B20), making this one of the key engagement groups. Women in Business will be Saudi Arabia’s signature topic

RIYADH: The boss of one of Saudi Arabia’s biggest banks says that getting more women into leadership positions is a top priority.
Samba CEO Rania Nashar chairs the action council for Women in Business created by the Business Twenty (B20), which is the official G20 dialogue with the business community. It represents the global business community across all G20 member states and all economic sectors.
She said the council was set up to boost women’s particpation not only in business but also in global leadership positions.
During the launch of the B20 in Saudi Arabia this week, Nashar highlighted the under-representation of women in the economy.
“There is a gap of 27 percent between male and female workers; 75 percent of males are part of the labor force while only 48 percent of females are working,” she said.
She said it was important not to just talk about women as workers but as business owners.

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Saudi Arabia will host the 15th G20 Summit in Riyadh on Nov. 21-22, 2020.

“That’s why entrepreneurship is very fundamental to our task force,” she said.  “The majority of the finance development programs have incentives for giving loans to females; however, despite the fact that many large borrowers are females, the amount of loans granted to them is far below what is granted to males,” she added.
Nashar said that two-thirds of female business founders feel that they were not taken seriously by investors when they pitch for investments. They also feel that they are treated differently from their male counterparts.
Saudi Arabia will host the 15th G20 Summit in Riyadh on Nov. 21-22, 2020. The Kingdom is focusing on the Business 20 (B20), making this one of the key engagement groups. Women in Business will be Saudi Arabia’s signature topic.