Lufthansa Acquires Stake in Italy's Ita Airways
The German airline begins its phased takeover of Ita Airways, with changes ahead for passengers and competition concerns raised by the EU.
- Lufthansa is set to acquire a 41% stake in Ita Airways for €325 million, with plans for full ownership by 2033 for a total of €830 million.
- The EU imposed conditions on the deal, requiring Lufthansa to relinquish some takeoff and landing rights in Rome and Milan and prioritize competitors' passengers on certain routes.
- Passengers may face higher ticket prices as Lufthansa integrates Ita into its network and shifts Ita from SkyTeam to the Star Alliance group.
- Italian public and political reactions to the deal are mixed, with some viewing the sale of the national airline as a loss of sovereignty.
- Lufthansa aims to make Rome-Fiumicino its sixth hub, leveraging Ita's fleet to expand routes to South America, Africa, and Asia.