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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.
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
6h
on MSN
Lufthansa Airlines 'not there yet' on profitability, says CEO
Lufthansa Airlines aims to be profitable again but still has a ways to go despite the initial success of its restructuring ...
AeroTime
1h
Lufthansa to begin flights to Denver with Airbus A380 from summer 2025
German carrier Lufthansa has announced that it will begin flights to Denver for the first time using the Airbus A380 starting in summer 2025.
Skift
2d
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 ...
AviationPros
2d
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 ...
Flightglobal
3d
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 ...
Airways
3d
Lufthansa Restores Iconic Lockheed Super Star
The Lockheed Super Star joined the LH fleet in 1957, offering the Senator class on the nonstop transatlantic connection to ...
AviationPros
1h
Lufthansa Technik Inducts First LEAP Engine at XEOS in Poland
Lufthansa Technik and LOT Polish Airlines are extending their cooperation in maintenance, repair and overhaul (MRO). In this aim, Poland's largest airline recently awarded ...
8d
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 ...
AeroTime
3h
IAG now frontrunner in the race to buy stake in TAP Air Portugal say analysts
IAG has become a frontrunner in the race to buy a potential stake in TAP Air Portugal when it is put up for sale in 2025 say airline analysts.
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