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Lufthansa buys minority stake in Italy's ITA Airways, hopes to eventually take control

  • Lufthansa signed a deal with the Italian government to acquire a 41% stake in ITA Airways for €325 million.
  • The deal allows Lufthansa to increase its share in ITA Airways over time and potentially take full control.
  • ITA Airways aims to become a leading international carrier, and the deal will allow it to expand its fleet and workforce over the next four years.
  • Rome's Fiumicino airport and Milan will become new hubs for the Lufthansa Group.
  • The agreement is subject to approval from European competition authorities.
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