Deutsche Lufthansa AG (Lufthansa) has confirmed that it will exercise its option to increase its shareholding in ITA Airways from 41% to 90% in June this year. The move was approved by Lufthansa’s Supervisory Board following a decision by the Executive Board. Under the terms of the agreement, Lufthansa will acquire the additional 49% stake […]
Lufthansa exercises option for majority stake in ITA Airways Read More »
Star Alliance has officially welcomed ITA Airways as its newest member, marking the completion of the Italian carrier’s integration into the world’s largest airline alliance. ITA Airways celebrated its entry with a ceremony at the Piazza di Spagna Lounge in Rome Fiumicino Airport’s Terminal 3. The event was led by ITA Airways Chief Executive Officer
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Aviation Capital Group LLC (ACG), the global aircraft asset manager, has delivered its first new Airbus A220-300 to ITA Airways, marking the start of a new partnership between the lessor and Italy’s national carrier. The aircraft is the first of five A220-300s scheduled for delivery to ITA Airways over the coming months, and the first
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The Italian airline ITA Airways is now a member of the Lufthansa Group. The Italian Ministry of Economy and Finance (MEF) and Europe’s leading aviation group finalised the transaction on January 17, granting the Lufthansa Group a 41% stake in ITA Airways. The remaining 59% of the airline will initially remain under the ownership of
ITA Airways joins Lufthansa Group as fifth network airline Read More »
The EU Commission has approved Lufthansa‘s investment in the state-owned Italian airline ITA Airways (ITA). Although the airline is currently performing well, its long-term existence as an independent entity is “highly uncertain” without this transaction. The EU Commission also stated that approval is contingent upon the airlines fulfilling conditions to safeguard competition. After years of
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All Nippon Airways (ANA), the largest Japanese carrier, and ITA Airways (ITA), the Italian national carrier, have signed a codeshare agreement connecting their networks. The new commercial partnership will provide more travel opportunities for customers of both companies, who will benefit from the enhanced connectivity via Rome Fiumicino and Tokyo Haneda, the two airlines’ hubs.
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ITA Airways has taken delivery of its first A321neo aircraft, on lease from Air Lease Corporation, from Airbus’ Hamburg production facilities. This latest addition further consolidates ITA Airways’ all-Airbus fleet strategy, which currently stands at 81 aircraft and includes latest-generation A220, A320neo, A330neo and A350 aircraft. ITA Airways’ A321neo, which will serve the airline’s medium-haul
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ITA Airways, Italy’s national carrier, has taken delivery of its first Airbus A330neo aircraft, on lease from Air Lease Corporation (ALC). The A330-900 will join the ITA Airways’ fleet in June to serve its long-haul routes and new intercontinental destinations. The A330neo is the latest-generation aircraft type from Airbus to join the ITA Airways’ fleet.
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Deutsche Lufthansa AG (Lufthansa) has agreed with the Italian Ministry of Economy (Ministero dell’Economia e delle Finanze, MEF) to acquire a 41% stake in ITA Airways through a capital increase of €325 million (£283 million). As part of the agreement, the MEF has also committed to a capital increase of €250 million into ITA. Lufthansa
Lufthansa to acquire 41% stake in Italy’s ITA Airways Read More »
