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Lufthansa Group acquires 90% stake in ITA Airways

Lufthansa Group acquires 90% stake in ITA Airways

Deutsche Lufthansa AG has concluded its 73rd Annual General Meeting. Approximately 1,600 shareholders participated in the meeting. During the meeting the group announced that it will acquire an additional 49% stake in the Company, for a value of EUR 325 million, thereby increasing its shareholding to 90% of ITA Airways. The remaining 10% stakes will be retained by the Italian Ministry of...

Air India & Lufthansa sign MoU to advance joint business partnership

Air India & Lufthansa sign MoU to advance joint business partnership

Air India and Lufthansa Group signed a Memorandum of Understanding (MoU), establishing the framework for a joint business agreement between Air India's and Lufthansa Group’s carriers and subsidiaries, including Air India Express, Austrian Airlines, Brussels Airlines, ITA Airways, Lufthansa, Swiss International Air Lines (SWISS), and other affiliated airlines...