Lufthansa Group to buy 41% stake in ITA Airways
Photo Credit: Nicholas Gemini
Lufthansa will acquire 41% stake for €325 million through capital increase fully financed from available cash-on-hand. Italian govt will also invest €250 million in ITA Airways.
ITA Airways will become the fifth network carrier in Lufthansa Group’s multi-brand and multi-hub system. Italy represents the most important market outside the Group’s home base countries and the United States.
As part of the Lufthansa Group family, ITA can develop into a sustainable and profitable airline, connecting Italy with Europe and the world: Carsten Spohr, Deutsche Lufthansa
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