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In the second step there is the option to acquire a further 49% between 2025 and 2029. Finally, from 2029 Lufthansa will be able to exercise the option to purchase the remaining 10% and make ITA a wholly-owned subsidiary of Lufthansa Group. [40] [41] The airline will leave SkyTeam and join Star Alliance in 2026 or 2027. [42]
1991 - Purchase of Pan Am's European routes, and acquired Pan Am's shuttle, forming what is today Delta Shuttle; 1996 - Delta Express began service, ended November 2003; 2003 - Song began service, ended May 2006; 2008 - Merged with Northwest Airlines, was world's largest carrier at time of merger, keeping the Delta Air Lines brand and name.
On 30 March 2023, Lufthansa CEO Carsten Spohr visited ITA Airways headquarters in Rome to negotiate a deal to buy the Italian airline. According to news agency Reuters , negotiations will start at around €200 million for 40% of the airline, with Lufthansa wanting an option to buy the entire airline from the Italian finance ministry. [ 133 ]
[114] [115] In 2023, Lufthansa, after confirming its initial acquisition of 41% of ITA Airways, said its plans included gaining total ownership of ITA's shares by 2028 and having the airline leave SkyTeam and join Star Alliance. The European Commission approved Lufthansa Group's purchase of a 41% stake in ITA Airways in July 2024.
Swiss operations were gradually integrated with Lufthansa's in late 2005, and the takeover was completed on 1 July 2007. Swiss joined Star Alliance and became a member of Lufthansa's Miles and More frequent flyer program on 1 April 2006. [14] The airline set up a regional airline subsidiary called Swiss European Air Lines. The carrier had its ...
Google's (GOOG) $700 million acquisition of ITA Software could be in jeopardy: The U.S. Justice Department is considering an antitrust lawsuit to challenge the pending merger, according to ...
Star Alliance is an airline alliance headquartered in Frankfurt, Germany. [5] Founded on 14 May 1997, it was the world's first global airline alliance. [1] As of April 2024, it is also the world's largest airline alliance by market share, holding 17.4%, compared to 13.7% for SkyTeam and 11.9% for Oneworld.
President-elect Donald Trump on Tuesday announced a $20 billion investment for data centers in the United States by an Emirati company led by billionaire Hussain Sajwani, a close business partner ...