Lufthansa finalizes 41% stake in Italy's ITA Airways for $350 million, eyes full acquisition
Germany's Lufthansa Group (OTCQX:DLAKY) (OTCQX:DLAKF) finalized its acquisition of a 41% stake in the Italian airline ITA Airways for €325 million (approximately $350 million) from the Italian government.
ITA Airways joins Lufthansa as fifth network airline, 41% stake deal finalized
The Lufthansa Group has welcomed ITA Airways as its fifth network airline, finalizing a 41% stake in the Italian carrier.
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 Finalizes Deal for 41% Stake in Italy’s ITA Airways
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.
German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033
Germany's Lufthansa Group on Friday finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier. Under the 325-million-euro ($350 million) deal,
Lufthansa finalizes 41% stake in ITA Airways
The Italian airline ITA Airways is a new member of the Lufthansa (DLAKY) Group. The Italian Ministry of Economy and Finance, MEF, and Lufthansa
Lufthansa Group acquires 41% stake in 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.
Skift2d
Lufthansa Group Shakes Up Eurowings Fleet with 40 New 737 Max
Lufthansa Group is overhauling low-cost carrier Eurowings with 40 Boeing 737 Max jets, marking a significant shift from its ...
AviationPros7h
Eurowings, Part of the Lufthansa Group, Embarks on Largest Fleet Modernization in Its History
The go-ahead has been given for one of the largest fleet modernizations in European aviation: Lufthansa Group has decided to ...
Runway Girl9h
Press Release: Air Canada taps Lufthansa Systems ops solution
Air Canada has successfully implemented the next-generation airline operation solution NetLine/Ops ++ from Lufthansa Systems ...
Flightglobal2d
Lufthansa shows off re-assembled L-1649A Starliner ahead of centenary display
Lufthansa Group's specialist vintage aviation division has unveiled the Lockheed L-1649A airliner which has been undergoing ...
AviationPros1d
Lufthansa celebrates roll-out of the legendary Lockheed Super Star
A milestone in aviation history is back in the public eye for the first time: Lufthansa Technik completed the extensive ...
AeroTime2d
Lufthansa Technik rolls out fully renovated 1957 Lockheed Starliner in Hamburg
Lufthansa Technik has rolled out a fully renovated 1957 Lockheed Starliner which will take center stage at Lufthansa’s centenary celebrations in 2026.
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 ...
Why airlines are so bullish on Europe right now
United and Delta are sending more planes to Europe as travelers take advantage of the lower off-peak crowds and the dollar's ...