ITA

Emirates is expected to be granted fifth freedom rights to operate between Milan Malpensa and Lima, according to multiple press reports. The market between Italy and Peru has significant potential, and is currently unserved. However, an Emirates service between the Northern Italian city and the Peruvian capital is unlikely to be welcomed by ITA Airways and its parent group, Lufthansa. Italy's largest airline plans to expand its Latin America network from its Rome hub and would face strong additional competitive pressure if the Gulf airline further develops fifth freedom routes to the Americas from Milan. Nevertheless, Emirates' argument that the Lima route would add to Malpensa's status as an international gateway (and improve Italy's long haul connectivity) seems to have been persuasive. It has not yet received authorisation for the route, but this is expected in the next couple of months.

Italian carrier posts a positive EBIT of €37 million for April-June. Italian carrier ITA Airways cites currency exchange issues for an “accounting-related” net loss in the second quarter, pointing to a positive operating result at an EBIT level for the period. ITA, which Lufthansa Group is in the process of boosting its shareholding from 41%… The post ITA Airways sees operating profit during second quarter before currency impacts first appeared on FlightGlobal.

Lorenza Maggio replaces Dorothea von Boxberg, who is stepping down in August. Brussels Airlines chief executive Dorothea von Boxberg is leaving the company in August and will be replaced by ITA Airways board member Lorenza Maggio. Lufthansa Group’s board has selected Maggio, who serves as chief strategy and integration officer for ITA Airways’ integration into… The post Lufthansa Group names ITA board member as new Brussels Airlines chief first appeared on FlightGlobal.

Brussels Airlines has appointed ITA Airways executive Lorenza Maggio as its new CEO after the current head Dorothea… Brussels Airlines appoints ITA Airways executive as new CEO appeared first on AeroTime.

Deutsche Lufthansa AG is set to increase its shareholding in ITA Airways from 41 to 90 percent, marking one of the most significant consolidation moves in European aviation in recent years. Lufthansa Exercises Option to Take Majority Control of ITA Airways Deutsche Lufthansa AG has confirmed it will exercise its option to acquire an additional […] The post Lufthansa to acquire majority stake in ITA Airways appeared first on MRO Business Today, Latest Aerospace News.

German operator to hold 90% of Italian carrier by early 2027. Lufthansa Group is to take a majority shareholding in Italian carrier ITA Airways, raising its interest to 90%. The group, which already holds 41% of ITA, says it will exercise an option by acquiring a block of shares for €325 million ($382 million). Lufthansa… The post Lufthansa to cement control of ITA by acquiring majority ownership first appeared on FlightGlobal.