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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.

2024-06-13T06:27:10.212269-07:00
2024-06-11T02:54:21.803836-07:00

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.

2024-06-09T13:50:31.452437-07:00

Austrian Airlines Flight OS434 Damaged by Hailstorm Near Vienna

Austrian Airlines flight OS434 experienced significant damage to its nose radome, weather radar, and windshield after encountering a severe hailstorm during its approach to Vienna.

2024-06-09T05:36:42.971445-07:00

SWISS Equips 777-300ER Fleet with AeroSHARK Tech

All 12 Boeing 777-300ERs in SWISS's fleet have been fitted with AeroSHARK, a drag-reducing technology developed by Lufthansa Technik and BASF.

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