Reported about 17 hours ago
Lufthansa Group has finalized a deal to acquire a 41% stake in ITA Airways from the Italian government for 325 million euros, securing full control by 2033 with an investment totaling 829 million euros. This acquisition marks the end of uncertainty for Italy’s former flagship airline, Alitalia, and aims to strengthen competition in the aviation market, as outlined by the European Commission’s conditions for approval.
Source: YAHOO