Aviation
Lufthansa buys 41% stake in Italian carrier ITA, ridding Rome of State-reliant asset
Lufthansa, the region’s biggest airline group, will invest €325 million via a capital increase for a 41 per cent stake, with the Italian government contributing an additional €250 million
Deutsche Lufthansa AG agreed to buy a stake in Italian carrier ITA Airways, allowing the German airline to expand in Europe’s third-largest aviation market while letting Rome rid itself of an asset that’s soaked up billions of euros in state support.
Lufthansa, the region’s biggest airline group, will invest €325 million via a capital increase for a 41 per cent stake, with the Italian government contributing an additional €250 million, according to a statement by ...