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 ...
ITA Airways joins Lufthansa, SWISS, Austrian Airlines, and Brussels Airlines as part of the Lufthansa Group's network.
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.
Major airlines are planning to reinstate flights to the Middle East following a ceasefire agreement between Israel and Hamas. Over the last 15 months of conflict, several Western carriers pulled out of flights to Israel, Jordan and Lebanon as missile attacks closed skies over Iraq and Iran in unpredictable airspace.
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 investment of €829-million. The remaining 59 per cent will initially continue to be held by the Italian Treasury.
Lufthansa said on Wednesday it had agreed to receive a stake of 10% in Latvian airline airBaltic, as the German airline seeks to strengthen its international network.
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With the fragile ceasefire agreement between Israel and Hamas now officially in effect, many airlines are resuming flights to Israel.
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