Lufthansa Completes Acquisition of 41% Stake in ITA Airways, Securing Full Control by 2033

Germany's Lufthansa Group has completed the purchase of a 41% share in ITA Airways, according to the deal announcement. The transaction is valued at 325 million euros, with Lufthansa intending to take complete ownership by 2033 through a total investment of 829 million euros. Following a year-long investigation, the European Commission has endorsed the acquisition, imposing safeguards to ensure fair competition. Lufthansa has highlighted that the investment will enhance both the Italian and European aviation sectors, leading to improved services and connectivity for travelers.