With the final report of the three extraordinary commissioners, Gabriele Fava, Giuseppe Leogrande and Daniele Umberto Santosuosso, the era of Alitalia, the historic national airline, has definitively ended. Having taken off on 11 January 2015 as “Società Aerea Italiana”, it went bankrupt in 2017 and has dissolved in 2024, marking the end of an era.
Lufthansa finalised its acquisition of a 41% stake in Italian state-owned airline ITA after European antitrust remedies were put in place, it said on Friday, in a deal designed to boost the carrier's presence in the lucrative southern European market.
Lufthansa is set to buy 41% of ITA, the successor airline to bankrupt Alitalia, for 325 million euros ($335 million). The European Commission approved in November a package of competition remedies securing more routes for the German flag carrier's peers ...
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 ($350 million) deal,
Italy and Lufthansa finalised their agreement Wednesday for the German airline to acquire a minority stake in ITA Airways, the state-owned carrier born from the ashes of Alitalia.
The deal has faced tough scrutiny from the Brussels-based European Commission, particularly its effect on long-haul travel
Lufthansa Group completed its acquisition of Italy's ITA Airways, formerly Alitalia, finalizing a deal worth 829 million euros. Lufthansa now holds 41% of ITA, aiming for full control by 2033. This acquisition addresses competition concerns by allowing rival airlines access to certain routes,
Germany's Lufthansa Group on Friday finalised its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy's former flagship carrier.