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Airlines
Inflation is affecting travel, but that doesn't mean it's slowing down. And airlines are grabbing the opportunity with both hands.
Reuters | 10 months ago
Airline Weekly
Lufthansa Group CEO Carsten Spohr is confident in financial gains within two years of the pending acquisition of Italy's ITA Airways, despite the carrier's history of losses.
11 months ago
Lufthansa, at long last, has bought Alita... , err, ITA Airways. Can it turn around the perennially struggling airline, and turn it into a money maker for the group?
News Blog
Lufthansa finally has a deal. For ITA Airways that is, and according to reports. The Frankfurt-based carrier will initially buy 40 percent of the state-owned Italian airline for $343-354 million (€320-330 million), according to a report by Italian daily Corriere Della Sera. Lufthansa would invest a further $537 million to raise its stake in ITA…
Edward Russell | 11 months ago
Italy's state-owned ITA Airways is looking more and more like perennial loss-maker Alitalia every day.
1 year ago
The Lufthansa Group has made an offer to buy a 40 percent stake in Italy's state-owned ITA Airways, it said Wednesday. The bid comes after a multi-year process, or "beauty contest" as it has been called, to find a strategic partner for ITA, and a dramatic change of fortune for Lufthansa after being counted out…
Edward Russell | 1 year ago
The Italian government is ready to wrap ITA up in a Christmas bow for Lufthansa.
European aviation is on its way to looking more like the U.S. market, with Ryanair as the low-cost leader — obviously — as Ryanair Group CEO Michael O'Leary sees it.
Air France-KLM wants to become the go-to airline in southern Europe with a deal for ITA, and maybe one for TAP.
European consolidation got a leg up last week, but not in the way many expected: Italian authorities named the offer from private equity firm Certares with Air France-KLM and Delta as their preferred bidder for ITA Airways instead of frontrunner the Lufthansa Group.
2 years ago
