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Lufthansa, ITA Airways
German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
German Lufthansa Group has finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier.
ITA Airways Joins Lufthansa Group As Transaction Closes
Lufthansa Group officially purchased a 41% stake in ITA Airways Jan. 17 with its capital infusion of €325 million ($334 million), making the Italian carrier its fifth network airline. The remaining 59% of ITA will initially continue to be held by the Italian Ministry of Economy and Finance (MEF)...
Lufthansa's Strategic Sky-High Acquisition: ITA Airways Deal Sealed
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,
Germany’s Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
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.
Lufthansa finalises acquisition of 41% stake in Italy's ITA
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.
Lufthansa Closes Deal for 41% of ITA Airways
On Wednesday, the Lufthansa Airlines Group (LH) finalized its acquisition of a minority stake in ITA Airways (AZ). The German airline group now owns 41% of the Italian carrier, with the Italian Ministry of Economy and Finance (MEF) owning 59%.
21h
Airlines including Lufthansa cautiously plan to resume some Middle East flights
Germany's Lufthansa Group is set to resume flights to and from Tel Aviv in Israel from Feb. 1 and Wizz Air restarted its ...
Flightglobal
3h
Lufthansa-ITA tie-up finalised with transfer of two-fifths stake in Italian carrier
Germany's Lufthansa Group has completed its long-sought acquisition of Italian carrier ITA Airways, finalising on 17 January ...
1h
Lufthansa-ITA tie-up finalized
The new board of directors for Italian flagship carrier ITA Airways was officially installed Friday following the formal completion of the airline's merger with German carrier Lufthansa, according to ...
2d
EU to order Lufthansa to restore Condor's access to its short-haul network
The European Commission told Lufthansa on Wednesday it would order the German flag carrier to reinstate charter airline ...
10d
Lufthansa CEO calls Boeing aircraft delays ‘extremely annoying’ following its recent safety crisis—but he’s banking on things getting better
Lufthansa's Carsten Spohr is the latest aviation industry chief to publicly lament how Boeing’s safety crisis is impacting ...
1d
Deutsche Lufthansa (0H4A) Receives a Sell from J.P. Morgan
J.P. Morgan analyst Harry Gowers maintained a Sell rating on Deutsche Lufthansa (0H4A – Research Report) today and set a price target of €5.00.
1d
on MSN
Lufthansa to resume flights to and from Tel Aviv from Feb. 1
Germany's Lufthansa will resume flights to and from Tel Aviv in Israel from Feb. 1, the airline said on Thursday after a ...
Bluewin
7h
Aviation Lufthansa entry at Ita perfect
Lufthansa has acquired a stake in the Italian state airline Ita. As a first step towards the planned complete takeover, the ...
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