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Lufthansa has finalised its acquisition of a 41% stake in Italian state-owned airline ITA Airways

Lufthansa finalises acquisition of 41% stake in ITA

Lufthansa has finalised its acquisition of a 41% stake in Italian state-owned airline ITA after European antitrust remedies were put in place, in a deal designed to boost the carrier's presence in the lucrative southern European market.

Business • 20 Jan

Lufthansa is to acquire 41% of ITA, the successor airline to bankrupt Alitalia, for €325m today

Lufthansa CEO expects Italy's ITA to boost profits

Lufthansa expects its planned stake in Italy's ITA Airways to increase the German flagship carrier's profits by hundreds of millions of euros in the coming years, chief executive Carsten Spohr told the FAZ newspaper in an interview published today.

Business • 13 Jan

Lufthansa is set to buy 41% of Italy's ITA, the successor airline to bankrupt Alitalia, for €325m

Lufthansa to buy stake in Italy's ITA next week - source

Lufthansa is set to acquire a stake in Italian state-owned airline ITA Airways on January 13, a source familiar with the situation told Reuters today, bringing to a close years of talks.

Business • 08 Jan

The European Commission has approved a package of remedies proposed for Lufthansa's purchase of a minority stake in Italy's ITA Airways

EU clears remedies package needed for Lufthansa-ITA deal

The European Commission has approved a package of remedies proposed for Lufthansa's acquisition of a minority stake in Italy's ITA Airways, in which EasyJet, Aer Lingus owner IAG and Air France-KLM would secure more routes.

Business • 02 Dec 24

Lufthansa in July won EU antitrust approval to buy 41% of Italy's ITA Airways, the successor airline to bankrupt Alitalia, for €325m

ITA's finances improving, all set for Lufthansa deal

Italy's ITA Airways is heading for a full-year profit and is in good financial shape for a planned tie-up with Lufthansa which can yield significant synergies, the Italian carrier's chairman Antonino Turicchi said in a newspaper interview today.

Business • 20 Nov 24

Lufthansa Group has submitted a package of remedies to the European Commission needed to secure EU antitrust approval to take a minority stake in Italy's ITA Airways

Lufthansa nears deal to buy Italy's ITA Airways

Germany's Lufthansa Group said it had submitted a package of remedies to the European Commission needed to secure EU antitrust approval to take a minority stake in Italy's ITA Airways, bringing it a step closer to closing the deal.

Business • 12 Nov 24

As part of its deal, Lufthansa will give itself two years to assess ITA's financial health before pushing for a full takeover

Lufthansa CEO optimistic about financial health of ITA

Lufthansa sought to reassure investors about ITA's financial health today after the German carrier won EU approval this week to buy 41% of the Italian airline, which remains under the shadow of its predecessor Alitalia.

Business • 05 Jul 24

Italy's ITA Airways offers the German carrier more access to southern Europe, as well as to key long-haul routes

Lufthansa wins conditional EU nod for €325m ITA deal

Lufthansa has today won EU antitrust approval to buy 41% of Italy's ITA Airways for €325m after ceding routes and slots in a deal that will boost its presence in the lucrative southern European market.

Business • 03 Jul 24

Lufthansa's bid to buy a stake in Italy's ITA Airways is set to be blocked by EU antitrust regulators, sources say

Lufthansa's ITA deal may face EU veto - sources

Lufthansa's bid to buy a stake in Italian peer ITA is set to be blocked by EU antitrust regulators unless there is a substantial improvement to remedies to address competition concerns, people with direct knowledge of the matter have said.

Business • 17 May 24

Germany's Lufthansa is looking to acquire a 41% stake in state-owned ITA Airways

Lufthansa, ITA to give up 11 slots in Milan - report

Germany's Lufthansa and Italian rival ITA will offer to cede 11 pairs of slots a day at Milan's Linate airport in order to secure the EU's green light for their proposed tie-up, Italian newspaper Corriere della Sera reported over the weekend.

Business • 29 Apr 24

Lufthansa has submitted remedies to address the EU competition watchdog's concerns about its €325m bid for a 41% stake in state-owned ITA

Lufthansa seeks to persuade EU regulators over ITA deal

Lufthansa executives and lawyers are attending a day-long hearing in Brussels today to try to convince EU antitrust regulators to clear the company's bid for a minority stake in Italian rival ITA Airways.

Business • 19 Apr 24

Lufthansa wants to buy a 41% stake in state-owned ITA for €325m

Lufthansa offers concessions to gain EU nod on ITA deal

German airline Lufthansa has offered concessions aimed at securing EU antitrust approval for its acquisition of a minority stake in Italian carrier ITA Airways, an update on the European Commission website shows.

Business • 15 Apr 24

ITA Airways said it carried 14.8 million passengers in 2023, up 46.9% from 2022

ITA Airways cut net loss to only €5m in 2023

ITA Airways posted a 2023 net loss of only €5m, a strong improvement from the year before, and revenues of €2.4 billion amid an increase in the flights it operates, the company said today.

Business • 27 Mar 24

Germany's Lufthansa wants to buy a 41% stake in Italy's ITA Airways for €325m as part of a capital increase

Lufthansa, ITA Airways deal may hurt competition - EU

Lufthansa's bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU competition regulators today, ramping up pressure on the German carrier to come up with stronger remedies.

Business • 25 Mar 24

EasyJet is in talks with the European Commission about taking more slots at Linate airport in Milan

EasyJet eyes more slots at Italy's Linate airport

EasyJet is in talks with the European Commission about taking over slots at Milan's Linate airport that could be available as a result of Lufthansa teaming up with ITA Airways, the budget airline's chief executive has said.

Business • 21 Mar 24

Ryanair Group CEO Michael O'Leary said the airline is seeking to expand further in Italy

Ryanair sees scope to expand further in Italy

Ryanair is looking to build on its market-leading position in Italy if more airport slots become available as a result of ITA Airways teaming up with Lufthansa, the airline's CEO Michael O'Leary said today.

Business • 23 Jan 24

Lufthansa and Italy are seeking EU approval for a deal under which the German airline would acquire a 41% stake in ITA for €325m as part of a capital increase

EU to take more time to examine ITA-Lufthansa deal

Further months of talks will be required to secure European Union approval of German carrier Lufthansa buying a minority stake in Italian state-owned ITA Airways, Rome's economy minister said today.

Business • 22 Dec 23

Lufthansa is set to buy a 41% stake in ITA for €325m as part of a capital increase

Lufthansa seeks EU approval for ITA Airways stake deal

Lufthansa and Italy have sought EU antitrust approval for the German airline to buy a controlling minority stake in Italy's ITA Airways, with sources saying that Lufthansa is prepared to cede slots at Milan airport to address competition concerns.

Business • 01 Dec 23

ITA, the successor to Italy's loss-making flagship airline Alitalia, took to the air in 2021 as a state-owned company

Lufthansa clinches deal for 41% stake in ITA Airways

Lufthansa will take a 41% stake in ITA Airways by way of a €325m capital increase that will flow directly to the Italian carrier, the German group has said.

Business • 26 May 23

The German carrier would pay between 320-330 million euros to purchase the initial minority stake in the Italian firm, said the source

Lufthansa close to buying 40% of Italy's ITA Airways

Lufthansa is close to clinching a deal with the Italian Treasury to buy a 40% stake in state-owned ITA Airways, a source told Reuters today, aiming to take full control of the airline in 2026.

Business • 25 May 23

Lufthansa CEO set for Rome to discuss ITA deal - report

Lufthansa CEO Carsten Spohr is heading to Rome to discuss taking a planned stake in ITA Airways, Italian Economy Minister Giancarlo Giorgetti was quoted as saying by Ansa news agency today.

Business • 25 May 23

Alitalia will have to repay a €400m loan to the Italian government because the money breached EU state aid rules

Alitalia must repay €400m illegal state aid, EU says

Alitalia, the predecessor of Italian state-owned airline ITA Airways, will have to repay a €400m loan to the Italian government because the money breached EU state aid rules, EU competition authorities said today.

Business • 27 Mar 23

The new planes are the first A320neos in ITA Airway's fleet

Avolon delivers three new Airbus planes to Italy's ITA

International aircraft leasing company Avolon has delivered three new Airbus A320-200neos to Italy's ITA Airways.

Business • 06 Mar 23

Rome has already pledged more than €1 billion for ITA and under a deal with the European Union, it could provide another €250m this year

Lufthansa bids for ITA stake to revive Italy's airline

German carrier Lufthansa said it had offered to buy an minority stake in ITA Airways, betting on reviving the loss-making successor to Italy's Alitalia and expanding its footprint in Europe.

Business • 19 Jan 23

Germany's Lufthansa is seen in pole position to enter the company's capital, sources have said

Italy sets course for ITA Airways stake sale - sources

Italy's Prime Minister Giorgia Meloni is set to sign off on a decree to sell an initial minority stake in ITA Airways, in a move aimed at starting a full privatisation of the state-owned carrier, three sources told Reuters today.

Business • 21 Dec 22