Lufthansa steps into Italian airline ITA

Luc Joris

May 26, 2023

Lufthansa acquires a minority stake in ITA Airways. it will pay 325 million euros to acquire its stake in ITA Airways /ITA Airways

The die is cast. After months of negotiations, German airline group Lufthansa will take a minority stake in Italian airline ITA Airways. The Germans are injecting 325 million euros into ITA in exchange for a 41% stake. Eventually, they may acquire the airline outright. Additional government funding
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