The five-star Rome Fiumicino Airport will be the sixth and southernmost Lufthansa Group hub. Milan-Linate, as a metropolitan airport in the economically strong northern Italy region with the second largest catchment area in the EU, will play a prominent ...
Germany's Lufthansa Group has completed its long-sought acquisition of Italian carrier ITA Airways, finalising on 17 January its acquisition of a two-fifths stake in the company.
Italy’s flag carrier, ITA Airways , has finally joined the Lufthansa Group after roughly two years of planning and regulatory hurdles. Lufthansa has officially acquired its desired 41% stake in the airline,
January 2025 saw the Lufthansa Group conclude one of the most hotly anticipated business deals in the recent history of European commercial aviation, as the company finalized a 41% stake in Italian flag carrier ITA Airways.
German aviation company Lufthansa Group has acquired a 41% stake in ITA Airways. Lufthansa Group can opt to acquire the remaining shares. The Italian Ministry of Economy and Finance (MEF) retains the remaining 59% of ITA Airways for now. The transaction was officially sealed with a capital increase of €325m ($334m) by Lufthansa.
Lufthansa finalised its acquisition of a 41% stake in Italian state-owned airline ITA after European antitrust remedies were put in place, it said on Friday, in a deal designed to boost the carrier's presence in the lucrative southern European market.
Under the €325-million ($350-million) deal, Lufthansa takes an initial 41 per cent stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of €829-million. The remaining 59 per cent will initially continue to be held by the Italian Treasury.
Germany's Lufthansa Group on Friday finalised its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy's former flagship carrier.
Lufthansa Group completed its acquisition of Italy's ITA Airways, formerly Alitalia, finalizing a deal worth 829 million euros. Lufthansa now holds 41% of ITA, aiming for full control by 2033. This acquisition addresses competition concerns by allowing rival airlines access to certain routes,
Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023.
Major airlines are planning to reinstate flights to the Middle East following a ceasefire agreement between Israel and Hamas. Over the last 15 months of conflict, several Western carriers pulled out of flights to Israel, Jordan and Lebanon as missile attacks closed skies over Iraq and Iran in unpredictable airspace.
ITA Airways joins Lufthansa, SWISS, Austrian Airlines, and Brussels Airlines as part of the Lufthansa Group's network.