Posts Tagged ‘ITA’
Lufthansa CEO optimistic about financial health of ITA Airways
The German carrier could take a 90 per cent in the Italian airline as early as next year, says chief executive LUFTHANSA executives sought to reassure investors about ITA Airways’ financial health on Friday (Jul 5), after the German carrier won the European Union’s approval this week to buy 41 per cent of the Italian…
Read MoreEU Clears Lufthansa’s Proposed ITA Airways Stake, With Conditions
The EU’s powerful competition regulator on Wednesday announced it has conditionally approved German airline Lufthansa’s proposed stake in Italy’s ITA Airways. Lufthansa, one of Europe’s biggest carriers, last year agreed to pay 325 million euros ($350 million) for a 41 percent stake in ITA, with the Italian finance ministry also contributing 250 million euros as…
Read MoreLufthansa wins EU approval for 325 million euros ITA Airways deal
DEUTSCHE Lufthansa’s 325 million euros (US$350 million) investment in Italy’s ITA Airways won approval from the European Union, allowing Prime Minister Giorgia Meloni to offload responsibility for an airline whose predecessor was a drain on state resources for decades. The European Commission said on Wednesday (Jul 3) it approved the planned deal after accepting a…
Read MoreLufthansa, ITA Airways deal may hurt competition: EU watchdog
LUFTHANSA’S bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU antitrust regulators said on Monday (Mar 25), ramping up pressure on the German carrier to come up with stronger remedies. The European Commission said the deal threatened competition on short-haul routes between Italy and Central…
Read MoreEU Probes Lufthansa’s Proposed Buy Of ITA Stake
The EU’s powerful antitrust authority opened an in-depth investigation on Tuesday into German airline Lufthansa’s proposed stake in Italy’s ITA Airways, over fears it could hurt competition. The European Commission said it had “preliminary concerns that the transaction may reduce competition in the market for passenger air transport services on several short-haul and long-haul routes…
Read MoreLufthansa Signs Deal For Stake In Italy’s ITA Airways
The deal give the Lufthansa group a big presence in the Italian market, Europe’s third-largest aviation market AFP Lufthansa agreed on Thursday to buy a stake in ITA Airways, created from the ashes of state-owned Alitalia, marking the German airline giant’s expansion in a key European market. The accord is big news for Italy, which…
Read MoreLufthansa Bids For ITA Stake To Revive Italy’s Loss-making Airline
FILE PHOTO-Planes of German air carrier Lufthansa are parked as Lufthansa pilots start a strike over a wage dispute, at the airport in Frankfurt, Germany, September 2, 2022. Reuters German carrier Lufthansa said on Wednesday it had offered to buy an minority stake in ITA Airways, betting on reviving the loss-making successor to Italy’s Alitalia…
Read MoreLufthansa Closes In On Stake In Italy’s ITA Airways
German airline Lufthansa is now the only airline left in the bidding to privatise Italy’s troubled ITA Airways AFP German airline giant Lufthansa submitted a fresh offer Wednesday for Italy’s troubled ITA Airways, bringing a turbulent takeover process closer to the finish line. Lufthansa’s proposal would see the carrier initially take a minority stake in…
Read MoreItaly Picks Certares-led Bid For Exclusive ITA Airways Talks
A new state-owned Italian carrier Italia Trasporto Aereo plane with the new blue livery is seen at Fiumicino airport before a news conference to present the aircraft’s new fleet, in Rome, Italy, March 1, 2022. Italy has picked a group led by U.S. private equity fund Certares, backed by Air France-KLM and Delta Air Lines…
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