Lufthansa agrees to buy ITA Airways stake
Flag carrier Lufthansa has inked a deal to acquire a 41% stake in Italy based ITA Airways.
The deal is worth about €325m.
Lufthansa CEO Carsten Spohr finalised talks with Italian Economy Minister Giancarlo Giorgetti in Rome.
“Today’s agreement will lead to a win-win situation for Italy, ITA Airways and Lufthansa Group – a stronger ITA will invigorate competition,” Spohr said.
The Lufthansa Group will take an active role in the airline’s management and will name a CEO once the transaction is completed.
Lufthansa will inject the €325m directly into ITA.
The Italian government will contribute with a further €250m for ITA.
ITA is the relatively new successor to Italy’s previous state-owned incarnation Alitalia.
Alitalia, took to the air in 2021 as a state-owned company.
ITA was nearly €500m in the red last year last year due to Covid effects and rising fuel costs.
Read Full Story
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025
Hands In, UATP join forces for airline multi-card payments