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BloombergSamuel Stolton

Lufthansa’s €325 Million ITA Deal Set for EU Approval

Bloomberg reports: Deutsche Lufthansa AG’s €325 million ($351 million) investment in Italy’s ITA Airways is set to be approved by the European Union, paving the way for Prime Minister Giorgia Meloni’s government to offload a loss-making asset as she bids to improve her nation’s finances.


Lufthansa Makes Final Concessions to Secure ITA Airways Deal

Lufthansa has submitted additional guarantees to the European Commission to obtain approval for its acquisition of ITA Airways. The airline aims to maintain its intercontinental strategy while addressing regulatory concerns.


Lufthansa Confident of EU Approval for ITA Airways Takeover

Lufthansa Group CEO Carsten Spohr expresses confidence that the European Commission will soon approve the group's acquisition of ITA Airways, anticipating a positive signal from Brussels this week.


Air France-KLM Rules Out Reacquiring ITA Airways Amid Lufthansa Bid

Air France-KLM CEO Ben Smith indicated a disinterest in pursuing ITA Airways, even if Lufthansa's bid falters, emphasizing the group's stance on consolidation opportunities.

Italia Trasporto Aereo S.p.A., doing business as ITA Airways, is Italy's flag carrier, established in 2020 as Alitalia's successor, with a government ownership structure. The airline, a SkyTeam alliance member, serves over 70 destinations globally from its main hub at Rome Fiumicino Airport.

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