Deutsche Lufthansa AG is aiming to acquire a stake in the Italian national carrier ITA Airways (Italia Trasporto Aereo S.p.A.). The plan is to agree on the initial acquisition of a minority stake as well as on options to purchase the remaining shares at a later date. Today, the company submitted an offer to the Italian Ministry of Economy and Finance (Ministero dell’economia e delle finanze) to conclude a Memorandum of Understanding (MoU) in this respect. Contingent on both parties signing this MoU, further negotiations and discussions would be conducted on an exclusive basis.
These talks would primarily focus on the form of a possible equity investment, the commercial and operational integration of ITA into the Lufthansa Airline Group, as well as resulting synergies. In case of a binding agreement is reached, its implementation would be subject to approval by the relevant authorities.
For Lufthansa Group, Italy is the most important market outside of its home markets and the US. Italy’s importance for both business and private travel lies in its strong export-oriented economy and status as one of Europe’s top vacation spots.
This post was published on 18 January 2023 19:06
Boeing says the US Federal Aviation Administration has certified the 737-10, the largest member of…
The European Parliament has approved updated rules to strengthen passenger rights enforcement across transport modes,…
Three passengers were taken to hospital after several travellers became unwell on a Eurowings flight…
A LATAM Airlines Perú flight to Piura was cancelled before take-off at Lima’s Jorge Chávez…
Air Serbia has opened bookings for six new routes from Belgrade for summer 2027, led…
London Heathrow Airport has announced six additions to its winter 2026/27 route programme, including Virgin…