German aviation company Lufthansa Group has acquired a 41% stake in ITA Airways. Lufthansa Group can opt to acquire the remaining shares. The Italian Ministry of Economy and Finance (MEF ...

ROME (AP) — Germany's Lufthansa Group on Friday finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier. Under the ...

According to the proposal published in January 2024, the German airline acquired 41% of the shares of ITA Airways for 325 million euros ($334 million), with 59% initially owned by the Italian Ministry ...

ITA Airways has received official approval to begin its integration into Star Alliance following a decision by the Star Alliance Chief Executive Board (CEB).

Dhaka: Italy's national carrier, ITA Airways, has officially received approval to join the world's largest airline network, Star Alliance, foll ...

The deal saw Lufthansa acquire a 41% stake in ITA, with the Italian government retaining 59%. Notably, the contract allows Lufthansa to increase its shareholding at a later stage – something it ...

Following ITA Airways induction process, the Star Alliance network will expand to include 26 member airlines, providing more than 18,000 daily flights that link 192 countries.

There has been some good news however. Lufthansa in January finalised an agreement with Italy to acquire a minority stake in ITA Airways, the state-owned carrier born from the ashes of Alitalia.

ITA Airways approved to join Star Alliance, enhancing global connectivity with 360 daily flights from Rome and Milan.