With the final report of the three extraordinary commissioners, Gabriele Fava, Giuseppe Leogrande and Daniele Umberto Santosuosso, the era of Alitalia, the historic national airline, has definitively ended. Having taken off on 11 January 2015 as “Società Aerea Italiana”, it went bankrupt in 2017 and has dissolved in 2024, marking the end of an era.
Lufthansa finalised its acquisition of a 41% stake in Italian state-owned airline ITA after European antitrust remedies were put in place, it said on Friday, in a deal designed to boost the carrier's presence in the lucrative southern European market.
German Lufthansa Group has finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier.
Italy and Lufthansa finalised their agreement Wednesday for the German airline to acquire a minority stake in ITA Airways, the state-owned carrier born from the ashes of Alitalia.
Lufthansa Group completed its acquisition of Italy's ITA Airways, formerly Alitalia, finalizing a deal worth 829 million euros. Lufthansa now holds 41% of ITA, aiming for full control by 2033. This acquisition addresses competition concerns by allowing rival airlines access to certain routes,
The deal has faced tough scrutiny from the Brussels-based European Commission, particularly its effect on long-haul travel
Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023. Most Read from BloombergThese Homes Withstood the LA Fires.
Under the 325-million-euro ($350 million) deal, Lufthansa takes an initial 41% stake in ITA, formerly Alitalia ... May 2023 and was approved by the European Commission following a year-long ...
January 2025 saw the Lufthansa Group conclude one of the most hotly anticipated business deals in the recent history of European commercial aviation, as the company finalized a 41% stake in Italian flag carrier ITA Airways.
Ola Kallenius, who also leads the largest carmaker association in Europe, says the fines will hurt car companies. Experts disagree.
Process to adopt a child internationally and bring them back to Canada.
One of the main problems of the EU AI Act is its risk-based approach to AI regulation. Under the Act, AI systems are classified by their risk level, and high-risk systems will be subject to the most strict requirements. This classification system is problematic for several reasons: