Lufthansa Group finalizes 41 percent stake in ITA Airways
Approved transaction of a capital increase of 325 million euros by Deutsche Lufthansa AG to ITA Airways completedAs of today, Italian flagship carrier ITA Airways is part of the Lufthansa Group and expands the offering as the fifth network airlineCarsten Spohr: “We look forward to continuing the impressive success story of ITA Airways together...
German Lufthansa Closes Deal to Acquire 41% of ITA Airways, …
11 hours ago · Under the 325-million-euro ($350 million) deal, Lufthansa takes an initial 41% stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of ...
Lufthansa Gains Control of ITA Airways: What This Means for …
13 hours ago · Lufthansa’s long-anticipated acquisition of ITA Airways is taking shape with the transfer of €325 million into the Italian flag carrier’s bank account, securing the German airline a 41 percent ownership stake.. As first reported by Corriere della Sera journalist and aviation expert Leonard Berberi, Italy’s Ministry of Economy and Finance (MEF) will retain control of the remaining 59 ...
Lufthansa Acquires 41% Stake In Italy's ITA Airways: It's A Done …
3 days ago · Lufthansa’s investment in ITA Airways has been completed, so ITA Airways is now officially a Lufthansa Group carrier! Lufthansa Group has acquired a 41% stake in ITA Airways for a capital contribution of €325 million, and the transaction was finalized today at …
Lufthansa closes deal to acquire 41% of ITA Airways
1 day ago · European aviation giant Lufthansa has completed its €325 million deal to acquire a minority stake in Italy’s ITA Airways. The closure of the deal on Wednesday (15 January) will see Lufthansa take an initial 41 per cent stake in the Italian carrier and follows years of negotiation. This deal was ...
German Lufthansa closes deal to acquire 41% of ITA Airways, …
1 day ago · The commission noted that Lufthansa, ITA and its partners, for example, control most routes from Rome and Milan to North America. Under the deal, the merged company must make it possible for rival airlines to launch non-stop flights between Rome or Milan and central European airports, where competition is limited; make room for rivals on long ...
Lufthansa finalises acquisition of 41% stake in Italy's ITA
13 hours ago · The remaining 59 percent of ITA will initially continue to be held by the Italian Ministry of Economy and Finance, Lufthansa added, as ITA Airways becomes the group's fifth network airline. ($1 ...
Germany’s Lufthansa closes deal to acquire 41% of ITA Airways, …
11 hours ago · 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 ...
Lufthansa Group reaches agreement on the acquisition of 41 per …
Lufthansa will obtain a 41 percent stake in ITA for EUR 325m through a capital increase. The capital contribution thus directly benefits the company. As part of the agreement, the MEF has also committed to a capital increase of EUR 250m into ITA.
EU commission approves Lufthansa purchase of long-troubled …
Jul 3, 2024 · Lufthansa will invest 325 million euros ($350 million) to acquire a 41% stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of 829 million euros.