ITA

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.