It will still take a few days for Lufthansa to formalize the payment of the 325 million euros necessary to purchase 41% of Itaú Airways as the first step towards controlling the company. The parties are still working on the final details to proceed with the closing, explain qualified sources. Last week, the German news […]
Tag: lufthansa
European Union approves merger of ITA and Lufthansa
The merger between Ita Airways and Lufthansa has finally been completed. This was confirmed by the European Commission, which gave the green light to the operation that would gradually bring the Italian company under the control of the German company. Four hours after the end of his natural term, the outgoing EU executive approved the […]
Ita-Lufthansa, Fazzolari: “Great satisfaction, the agreement protects the national interest”
“Great satisfaction” was expressed by Giovanbattista Fazzolari, undersecretary for the execution of the government program, regarding the approval of the merger between Itaú and Lufthansa. The green light for the operation, as announced, provides conditions to protect competition at Milan-Linate airport, on short-haul routes between Italy and Central Europe, and on long-haul routes between Fiumicino […]
Ita-Lufthansa, EU green light for the agreement: what the new routes will be like
The European Commission has given the green light, subject to conditions, to the operation that will gradually bring ITA under the control of Lufthansa. The EU executive announced this in a note without details. Contrary to what usually happens in similar cases, the Q&A (questions and answers) are not available. The solutions offered, confirms the […]
Ita-Lufthansa, the wedding is getting closer. When can we close the merger
The parties informally submitted to the European Commission measures that satisfactorily respond to the competition concerns expressed regarding the transaction that will gradually place ITA under the control of Lufthansa, which is the subject of an in-depth investigation by the Competition Directorate. Firstly, notable progress was made on solutions for short-haul flights, for which an […]
Lufthansa is also targeted by the EU on suspicion of greenwashing
Companies of the Lufthansa group, of which the Italian ITA may soon become a part, are suspected of carrying out these practices. greenwash, deceiving customers by pretending to have eco-sustainable behavior when this is not true. That’s why the German airline is currently under investigation by the European Union because of this suspicion, it offers […]
EU slows down deal between ITA and Lufthansa: routes at risk
It’s not a complete failure, but the road to the joint acquisition of airline Ita by Germany’s Lufthansa and the Italian state is certainly an uphill one. If the operation is given the green light, it could lead to painful cuts to routes between Italy and Central Europe and the sale of some slots at […]
Ita Airways: Only Brussels approval is now missing for the deal with Lufthansa
We were one step away from celebrating the long-awaited wedding. The concentration operation, which involved the entry of Lufthansa’s Ita Airways into the capital, was officially reported to the European Commission’s Directorate-General for Competition this afternoon. In this context, the German airline will purchase 41% of Ita’s shares for 325 million euros within the scope […]
Eng, what changes with the entry of Lufthansa?
Following the agreement with the Ministry of Economy and Finance, Lufthansa will take control of 40% of Ita Airways, and this ratio will increase to majority control of the German giant in the coming years. So what will change for the Italian-flagged carrier? Mef will still remain “on board”, as confirmed by Lufthansa’s CEO Carsten […]
1200 new staff on the way at Ita Airways thanks to the agreement with Lufthansa
Finally, the long-awaited wedding was celebrated. Economy Minister Giancarlo Giorgetti and Deutsche Lufthansa CEO Carsten Spohr met at Mef today to confirm the signing of the agreement between Ita Airways and the German company.Lufthansa has bought a minority stake (40%) in the Italian company and the company is for this year. He shared his industrial […]