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A deal was finally reached, but it was not that simple. In March 2023, Simple Flying reported that Lufthansa was considering acquiring a stake in Portugal's TAP Air Portugal or ITA Airways.
ITA Airways is working to establish a codeshare relationship with United Airlines, following last month's announcement of a similar pact with Air Canada.
When Lufthansa Group initially announced the acquisition of 41% of ITA Airways’ shares in May 2023, with an option to acquire the remaining stake at a later date, the company emphasized its ...
ITA Airways, which is majority-owned by the Italian government with Lufthansa holding a 41% stake, plans to modernize its ...
Lufthansa will obtain a 41% stake in ITA for EUR 325 million through a capital increase. The capital contribution thus directly benefits the company.
ITA Airways and the Lufthansa Group are enhancing their collaboration to benefit their customers. For the first time, the route networks of ITA Airways and the other airlines within the Lufthansa ...
Lufthansa Cargo to market ITA Airways belly space on flights from Delhi, Tokyo, and Bangkok to Rome starting September.
Lufthansa will take a 41% stake in ITA Airways by way of a 325 million euro ($358 million) capital increase that will flow directly to the Italian carrier, the German group said on Thursday.
On January 23, 2024, the Commission opened an investigation to assess if Lufthansa's acquisition of a stake in ITA may restrict competition on certain routes in the market for passenger air ...
Lufthansa’s cargo subsidiary will start marketing ITA cargo capacity under its own designated airway bill from Sao Paulo and Rio de Janeiro, as well as from Buenos Aires, Argentina, to Rome, on ...
Lufthansa's final negotiations for the takeover of ITA Airways are focused on price given ongoing losses, Lufthansa CEO Carsten Spohr told journalists on Wednesday ahead of a meeting later this ...
Germany’s Deutsche Lufthansa said it had reached an agreement with the Italian Ministry of Economy and Finance to acquire a 41% stake in ITA Airways, the Italian carrier formerly known as ...