WebAdmin 23 0 0 4 months ago 3 min to read

For $348M, Lufthansa purchases 41% of ITA Airways.

According to a statement released on Thursday, the Italian Finance Ministry and Germany’s Lufthansa Group have agreed to buy the 41 percent interest in Italian flag carrier ITA Airways.

According to a statement by Lufthansa, the acquisition is worth 325 million euros ($348.5 million).

According to the announcement, the ministry agreed to invest 250 million euros ($276) more in ITA as part of the agreement.

According to the statement, “ITA will work closely with the Lufthansa Group as a network airline to take advantage of group synergies.”

The German company’s fifth network carrier will be ITA Airways.

In October 2021, ITA Airlines was established following the demise of the 75-year-old Alitalia airline.

With a fleet of 66 aircraft, the Italian airline supports 4,000 employees and carries 10 million passengers yearly.

QR Code

Save/Share this story with QR CODE


Disclaimer: This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

πŸ“© Need to get in touch? Feel free to Email Us for comments, suggestions, reviews, or anything else.


We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❀️GIVE A TIP. Send a small donation thru Paypal😊❀️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) πŸ›’ BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) πŸ‘ Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).


AFFILIATE PARTNERS
LiveGood
World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.


About Author

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x