{"id":17049,"date":"2022-01-24T13:19:07","date_gmt":"2022-01-24T07:49:07","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=17049"},"modified":"2022-01-24T13:19:10","modified_gmt":"2022-01-24T07:49:10","slug":"lufthansa-to-buy-40-stake-in-ita-airways","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/01\/24\/lufthansa-to-buy-40-stake-in-ita-airways\/","title":{"rendered":"Lufthansa to buy 40% stake in ITA Airways"},"content":{"rendered":"\n<p class=\"has-drop-cap\"><strong>Following lengthy discussions, Lufthansa (LHAB) (LHA)&nbsp;Group is going to acquire 40% stake in Italy\u2019s newly-created flag carrier ITA Airways.&nbsp;<\/strong><\/p>\n\n\n\n<p>The companies have agreed on certain key topics, including\u00a0<em>ITA\u2019s finances, consolidation of purchases, and other details.\u00a0<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"696\" height=\"522\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/lufthansa-696x522-1.jpg\" alt=\"Following lengthy discussions, Lufthansa Group is going to acquire 40% stake in Italy\u2019s newly-created flag carrier ITA Airways.\u00a0\" class=\"wp-image-17051\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/lufthansa-696x522-1.jpg 696w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/lufthansa-696x522-1-600x450.jpg 600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/lufthansa-696x522-1-300x225.jpg 300w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/figure>\n\n\n\n<p>The carriers also agreed on\u00a0the role of <strong>Rome\u2013Fiumicino International Airport (FCO), <\/strong>which would serve as a hub for flights to Africa and some routes to America.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>The news about the agreement were first\u00a0reported by Italian newspaper Il\u00a0<strong>Fogilio<\/strong>. <\/p><p>According to the source, the acquisition is going to be officially announced next week, starting on January 24, 2022.\u00a0<\/p><\/blockquote><\/figure>\n\n\n\n<pre class=\"wp-block-verse has-text-align-center\">ITA\u00a0expressed an intention\u00a0to become a part of Lufthansa Group in November 2021, soon after the airline started operations.\n\n The companies have been in negotiations ever since,\u00a0negotiating the details.\u00a0<\/pre>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/AOA6BB7S6JOB5EVMWFKPYJZVPU-1024x768.jpg\" alt=\"\" class=\"wp-image-17055\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/AOA6BB7S6JOB5EVMWFKPYJZVPU-1024x768.jpg 1024w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/AOA6BB7S6JOB5EVMWFKPYJZVPU-600x450.jpg 600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/AOA6BB7S6JOB5EVMWFKPYJZVPU-300x225.jpg 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/AOA6BB7S6JOB5EVMWFKPYJZVPU-768x576.jpg 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/AOA6BB7S6JOB5EVMWFKPYJZVPU-1536x1152.jpg 1536w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/AOA6BB7S6JOB5EVMWFKPYJZVPU-750x563.jpg 750w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/AOA6BB7S6JOB5EVMWFKPYJZVPU-1140x855.jpg 1140w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/01\/AOA6BB7S6JOB5EVMWFKPYJZVPU.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>ITA is currently wholly owned by the Italian government, and was created following the <strong>bankruptcy of Alitalia, Italy\u2019s long-suffering former flag carrier.\u00a0<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote has-text-align-left is-layout-flow wp-block-quote-is-layout-flow\"><p><a href=\"http:\/\/lufthansa.com\">Lufthansa<\/a> Group currently owns <strong>Swiss International Air Lines, Brussels Airlines, Austrian Airlines, Air\u00a0Dolomiti, Eurowings, as well as the German flag carrier Lufthansa (LHAB) (LHA).\u00a0<\/strong><\/p><\/blockquote>\n\n\n\n<p>Also read: <a href=\"https:\/\/aviationa2z.com\/index.php\/2022\/01\/23\/rolls-royce\/\">Rolls-Royce Electric Aircraft Becomes world&#8217;s Fastest.<\/a><\/p>\n\n\n\n<p>Stay tuned and updated with<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following lengthy discussions, Lufthansa Group is going to acquire 40% stake in Italy\u2019s newly-created flag carrier ITA Airways.\u00a0<\/p>\n","protected":false},"author":2,"featured_media":17055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6761],"tags":[5172,5173,5170,5171,5169,500,3086],"class_list":{"0":"post-17049","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-air-domioliti","9":"tag-austrian-airlines","10":"tag-fco","11":"tag-fogilio","12":"tag-ita-airways","13":"tag-lufthansa","14":"tag-stake"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/17049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=17049"}],"version-history":[{"count":1,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/17049\/revisions"}],"predecessor-version":[{"id":17056,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/17049\/revisions\/17056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/17055"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=17049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=17049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=17049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}