Italy Luthansa ITA
Italy Luthansa ITA
Lufthansa CEO Carsten Spohr meets the media in Rome, Wednesday July 3, 2024. The European Commission has approved Lufthansa’s takeover of Italian airline ITA with conditions to protect competition. Italian Finance Minister Giancarlo Giorgetti on Wednesday called the deal “historic,” and said it would bring an end to a long period of state help. Lufthansa will invest 325 million euros ($350 million) to acquire a 41% stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of 829 million euros. (Roberto Monaldo/LaPresse via AP)
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Italy Luthansa ITA
Lufthansa CEO Carsten Spohr meets the media in Rome, Wednesday July 3, 2024. The European Commission has approved Lufthansa’s takeover of Italian airline ITA with conditions to protect competition. Italian Finance Minister Giancarlo Giorgetti on Wednesday called the deal “historic,” and said it would bring an end to a long period of state help. Lufthansa will invest 325 million euros ($350 million) to acquire a 41% stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of 829 million euros. (Roberto Monaldo/LaPresse via AP)
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Lufthansa CEO Carsten Spohr meets the media in Rome, Wednesday July 3, 2024. The European Commission has approved Lufthansa’s takeover of Italian airline ITA with conditions to protect competition. Italian Finance Minister Giancarlo Giorgetti on Wednesday called the deal “historic,” and said it would bring an end to a long period of state help. Lufthansa will invest 325 million euros ($350 million) to acquire a 41% stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of 829 million euros. (Roberto Monaldo/LaPresse via AP)