German Lufthansa Group has finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier.

for the stake in the successor airline to bankrupt Alitalia - was expected to close in early 2025. The European Commission approved a package of competition remedies in November, securing more ...

With the final report of the three extraordinary commissioners, Gabriele Fava, Giuseppe Leogrande and Daniele Umberto Santosuosso, the era of Alitalia, the historic national airline, has definitively ended. Having taken off on 11 January 2015 as “Società Aerea Italiana”, it went bankrupt in 2017 and has dissolved in 2024, marking the end of an era.

Italy and Lufthansa finalised their agreement Wednesday for the German airline to acquire a minority stake in ITA Airways, the state-owned carrier born from the ashes of Alitalia.

Lufthansa Group completed its acquisition of Italy's ITA Airways, formerly Alitalia, finalizing a deal worth 829 million euros. Lufthansa now holds 41% of ITA, aiming for full control by 2033. This acquisition addresses competition concerns by allowing rival airlines access to certain routes,

The deal has faced tough scrutiny from the Brussels-based European Commission, particularly its effect on long-haul travel

Under the 325-million-euro ($350 million) deal, Lufthansa takes an initial 41% stake in ITA, formerly Alitalia ... May 2023 and was approved by the European Commission following a year-long ...