Lufthansa to Acquire 90% Stake in ITA Airways

German airline group Lufthansa announced its intention to exercise an option to increase its ownership stake in Italy's ITA Airways to 90%. This move signifies a significant step towards full acquisition of the Italian national carrier.

12 May, 09:20 — 12 May, 09:20

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ANSAMostly Factual3h ago

Lufthansa says it'll exercise option to take ITA stake up to 90%

(ANSA) - ROME, MAY 12 - Lufthansa said Tuesday that it will exercise its option to buy an additional 49% of ITA Airways from the Italian government in June for 325 million euros, taking its stake up to 90%. ITA is the slimmed-down successor to Alitalia, and was set up in 2020 after the long loss-making former flag-carrier went bankrupt. Germany's Lufthansa, which acquired a 41% stake of ITA last year, said the transaction is subject to regulatory approvals and is expected to close in the firs...

By ANSA

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