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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...

ITA Airways launches direct flights between Houston and Rome

ITA Airways launches direct flights between Houston and Rome

ITA Airways, Italy’s flag carrier, launched the first-ever nonstop flight between Rome Fiumicino (FCO) and Houston George Bush Intercontinental Airport (IAH), opening up Italy to travellers from Houston and the surrounding region, and establishing a direct link between two major global cities. The new service expands the airline’s North American network to nine destinations...

ITA Airways joins Star Alliance as 26th member

ITA Airways joins Star Alliance as 26th member

Star Alliance officially welcomed ITA Airways as its newest member, marking the completion of the Italian carrier’s integration. The entry was marked during a ceremony held at the Piazza di Spagna Lounge, Rome Fiumicino Airport Terminal 3. The ceremony was presided over by ITA Airways Chief Executive Officer and General Manager, Joerg Eberhart; Star Alliance Chief Executive Officer...

Cabinet approves Modified UDAN with a total outlay of INR 28,840 crore

Cabinet approves Modified UDAN with a total outlay of INR 28,840 crore

Aiming to strengthen regional air connectivity and widening the reach of affordable aviation, the Union Cabinet, under the leadership of Prime Minister Narendra Modi, approved the launch and implementation of the Regional Connectivity Scheme – Modified UDAN. The scheme will be implemented over a 10-year period from FY 2026–27 to FY 2035–36, with a total outlay of INR 28,840 crore through...