Lufthansa to lift ITA Airways stake to 90 percent

Lufthansa will lift its ITA Airways stake to 90 percent in June for 325 million euros. The group expects to complete the acquisition by early 2027.

Xurve View
Insights:

DEUTSCHE LUFTHANSA-REG will exercise an option to buy a 49% stake in ITA Airways for 325 million euros, increasing its holding to 90%. The move accelerates European airline consolidation as Lufthansa tightens control of the Rome-based carrier. The acquisition underscores the group's strategy to build Rome into a hub for South American routes.

Accelerating the Path to Majority Control

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.