ITA Airways Shareholders Approve $338 Million In Capital From …
2 days ago · On December 20, ITA Airways held its extraordinary shareholders’ meeting, in which it approved a €325 million ($338 million) capital increase that will be exclusively offered to Lufthansa Group. The German airline group has until January 15, 2025, to subscribe to the increase in order to acquire a 41% stake in ITA Airways.
ITA shareholders formally approve capital increase for Lufthansa ...
5 days ago · Shareholders in Italian carrier ITA Airways have approved a capital increase of €325 million ($338 million) enabling Lufthansa Group to take a shareholding in the operator. ITA Airways says ...
Press Releases | ITA Airways
Oct 29, 2024 · Read the latest news and press releases from ITA Airways, the new Italian airline. Stay updated on our company's news and initiatives.
Lufthansa Acquiring Italy’s ITA Airways In Early 2025
Nov 30, 2024 · The deal should be complete in early 2025, at which point ITA Airways will fully become a Lufthansa Group airline, will join Star Alliance and the Star Alliance transatlantic joint venture, and will even adopt Miles & More as its frequent flyer program.
ITA Airways: Extraordinary shareholders' meeting
4 days ago · ROME – Italia Trasporto Aereo S.p.A. held its Extraordinary Shareholders’ Meeting, during which a 325 million euros capital increase was approved, to be offered to Deutsche Lufthansa AG (“Lufthansa”).Lufthansa must subscribe to the increase by January 15, 2025. This step will enable the German company to enter ITA Airways with a 41% capital stake.
EU Approves Lufthansa's Remedies for ITA Airways Acquisition
On November 29, 2024, the European Commission gave its final approval to Lufthansa 's proposed remedies package for its acquisition of a 41% stake in Italy's ITA Airways. This decision marks the end of a long review process that began in 2022, focusing on ensuring that the deal would not harm competition within the European aviation market.
Italy puts ITA-Lufthansa deal on hold due to price dispute, sources …
Nov 5, 2024 · Italy's Treasury has put on hold the sale of a minority stake in ITA Airways to Lufthansa because of a dispute with the German carrier over the agreed price, two sources familiar with the...
Lufthansa Nears Deal to Take Over Italy’s ITA Airways - Bloomberg.com
Nov 11, 2024 · Deutsche Lufthansa AG is on track to complete its takeover of ITA Airways after ironing out differences with the Italian government over the purchase of the unprofitable carrier.
Lufthansa close to getting go-ahead for Italy's ITA Airways deal
Jun 14, 2024 · Lufthansa says it is close to getting the go ahead from the European Union (EU) for its takeover of the Italian national carrier ITA Airways, with the EU competition authority about to sign...
Italy Puts ITA-Lufthansa Deal on Hold Due to Price Dispute ... - U.S. News
Nov 5, 2024 · ROME/FRANKFURT (Reuters) -Italy's Treasury has put on hold the sale of a minority stake in ITA Airways to Lufthansa because of a dispute with the German carrier over the agreed price, two...
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