Lufthansa acquires 49% stake in ITA Airways, Italy’s national airline, in €325m deal, boosting Italian finances and air traffic.
Lufthansa ITA Airways
Lufthansa (LH) Group, the Italian Ministry of Economy and Finance (MEF), and ITA Airways (AZ) have welcomed the EU Commission’s approval under competition law.
ITA Airways (AZ) and Lufthansa (LH) are prepared to offer a “substantial” package of slots at Linate airport, allowing a competing carrier to enter on some short-haul routes in Rome (FCO) and Milan (MXP), transferring traffic rights, and even guaranteeing to the EU Antitrust a “freeze” of fares on intercontinental flights between Italy and North America.
ROME- Today (October 11, 2023), ITA Airways (AZ) officially launched its winter season for 2023-2024 at the TTG Travel Experience International Tourism Fair in Rimini.
Italy’s Treasury and Germany’s Lufthansa (LH) have mutually agreed to prolong their exclusive negotiations concerning the sale of ITA Airways