Lufthansa completes acquisition of 41% stake in ITA
Lufthansa has successfully completed its acquisition of a 41% stake in the Italian state-owned airline ITA, after addressing European antitrust concerns. The deal, valued at 325 million euros ($334 million), aims to strengthen Lufthansa’s position in the profitable southern European market, particularly following the collapse of Alitalia In November, the European Commission approved a set […]