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

Germany's Lufthansa Group on Friday finalised its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy's former flagship carrier.

Under the €325-million ($350-million) deal, Lufthansa takes an initial 41 per cent stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of €829-million. The remaining 59 per cent will initially continue to be held by the Italian Treasury.

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,

Germany's Lufthansa announced on Friday that it has taken the first step towards a takeover of Italy's state-owned ITA Airways by completing an approved capital increase of €325 million ($334 million).

Journey Destination Airports Duration Stops GRU - BLQ Bologna, Guglielmo Marconi Airport 22 hrs 10 mins 1 Stop GRU - GOA Genova, Cristoforo Colombo Airport 19 hrs 55 mins 1 Stop GRU - LIN Milan, Linate Airport 18 hrs 30 mins 1 Stop GRU - PSA Pisa ...

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Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023.

Italy's public debt surges to over €3 trillion, national rail operator calls for investigation into "highly suspicious" incidents, Italy and Lufthansa seal ITA Airways deal, and more news on Thursday.