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Germany's Lufthansa Group on Friday finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier. Under the 325-million-euro ...
ITA Airways commenced its operations on 15 October 2021, initially serving 44 destinations with plans to grow the number to 74 by 2025. [1] By 2024, the airline had increased its destinations to 73 within Italy , the rest of Europe , Africa , Asia as well as North and South America.
On 15 October 2021, ITA Airways took possession of 49 aircraft from Alitalia in the wake of that airline's shutdown on 14 October 2021, including 18 Airbus A319-100s, 25 Airbus A320-200s, and 6 Airbus A330-200s. These aircraft joining the fleet were in addition to the 2 Airbus A320-200 and the 1 Airbus A330-200 already under the ITA Airways AOC ...
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 ]
Italy has extended to Oct. 31 the deadline for exclusive talks with a consortium led by U.S. private equity fund Certares over a majority stake in ITA Airways, two sources close to the matter said ...
[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.
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