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.
Press Release: Lufthansa Group finalizes 41% stake in ITA Airways
The Italian airline ITA Airways is a new member of the Lufthansa Group. The Italian Ministry of Economy and Finance (MEF) and Europe’s leading aviation group concluded the transaction today. As a result, the Lufthansa Group has a 41 percent stake in the Italian airline ITA Airways. The remaining 59 percent will initially continue to be held by MEF.
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.
ITA Airways Becomes 1st EU Flag Carrier To Resume Flights To Libya
Given the political tensions in the Middle East, it is heartening to see a new air connection launched yesterday, with the inaugural ITA Airways nonstop flight between Rome and Tripoli, Libya's capital and largest city. With Tripoli now added to its network, ITA Airways is operating to 55 destinations during the winter season.
Italy's ITA Airways to resume flights to Israel from Feb. 1
Italy's ITA Airways said on Monday it would resume flights between Rome and Tel Aviv, starting Feb. 1, after a four-month suspension triggered by conflicts in the Middle Eastern region.
Lufthansa finalizes 41% stake in Italy's ITA Airways for $350 million, eyes full acquisition
Germany's Lufthansa Group (DLAKY) (DLAKF) finalized its acquisition of a 41% stake in the Italian airline ITA Airways for €325 million
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Lufthansa Group Buys 5 More Airbus A350-1000 Aircraft
ITA Airways is planning to serve up to six destinations ... underlooked when compared to its more minor brother, the A350-900. Airbus orders and delivery filings showed that at the end of 2023 ...
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Lufthansa modernizes its fleet with these long-haul aircraft
With the state-of-the-art A350 long-haul jets ... With the upcoming integration of ITA Airways in January, the Airbus fleet of Lufthansa Group Airlines will grow by another 100 short- and long ...
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Lufthansa Group purchases additional latest-generation long-haul aircraft
With a total of 60 A350-900s and 15 A350-1000s ... With the upcoming integration of ITA Airways in January, the Airbus fleet of Lufthansa Group Airlines will grow by another 100 short- and ...