German Lufthansa seals deal to get 41% of ITA Airways, full control by 2033

Quick Summary:

Under the 325-million-euro (USD 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 euros.

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.

The commission noted that Lufthansa, ITA and its partners, for example, control most routes from Rome and Milan to North America.

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Category: BusinessFinance

Markets: IndiaCanadaGermanyItalyUnited States

Topics: Aircrafts Boeing jetliner Boeing Airlines Aviation industry Aviation sector Lufthansa Freighter fleet Commercial jetliner

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Article Type: News Report

Published On: 2025-01-18 @ 07:56:37 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 279 words

Reading Time: 2 minutes read

Sentences: 10 lines

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Copyright Owner: © Business Standard

News ID: 25227649

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