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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.
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