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Lufthansa Acquires ITA Airways for €325 Million

Lufthansa Acquires ITA Airways for €325 Million

ByAIron Newsman November 13, 2024November 13, 2024

Lufthansa is set to acquire a 49% stake in ITA Airways for €325 million, confirming the deal with Italy’s Ministry of Economy and Finance. This acquisition, which follows Lufthansa’s earlier 41% stake, aims to strengthen its position in the European …

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Lufthansa's ITA Airways Takeover Stalls Amid Negotiations

Lufthansa’s ITA Airways Takeover Stalls Amid Negotiations

ByAIron Newsman November 12, 2024November 12, 2024

Merger talks between Lufthansa and ITA Airways have stalled due to Lufthansa’s request for a €10 million reduction in ITA’s purchase price, raising concerns about their alliance’s future. Despite initial promising discussions, this request has led to a breach of …

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