Articles tagged “ita airways”

Airline Weekly

Lufthansa to Buy 41 Percent of Italy’s ITA Airways for $348 Million

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?

1 week ago
Lufthansa to Buy 41 Percent of Italy’s ITA Airways for $348 Million

News Blog

Lufthansa Reaches $350 Million Deal for Italy’s ITA Airways: Report

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 | 1 week ago

Airline Weekly

Lufthansa Still Keen on ITA Airways Deal But Wants Price Discounted Over Heavy Losses

Italy's state-owned ITA Airways is looking more and more like perennial loss-maker Alitalia every day.

2 months ago
Lufthansa Still Keen on ITA Airways Deal But Wants Price Discounted Over Heavy Losses

News Blog

Lufthansa Makes Official Bid for Italy’s ITA Airways

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 | 5 months ago

Airline Weekly

Italy Prepping to Sell ITA Airways Stake to Lufthansa for $250 Million

The Italian government is ready to wrap ITA up in a Christmas bow for Lufthansa.

5 months ago
Italy Prepping to Sell ITA Airways Stake to Lufthansa for $250 Million

Airline Weekly

Ryanair CEO Sees Independent Rivals Snapped Up in Mergers

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.

7 months ago
Ryanair CEO Sees Independent Rivals Snapped Up in Mergers

Airlines

Air France-KLM Eyes Investing in Portugal’s TAP

Air France-KLM wants to become the go-to airline in southern Europe with a deal for ITA, and maybe one for TAP.

Edward Russell | 7 months ago

Air France-KLM Eyes Investing in Portugal’s TAP

Airline Weekly

Air France-KLM and Delta Emerge Victors in Italy

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.

9 months ago
Air France-KLM and Delta Emerge Victors in Italy

Airline Weekly

Air France-KLM, Delta Backed by Certares Set to Win Italy’s ITA Airways Bid

Air France-KLM and Delta are poised to win the contest for ITA Airways. The deal would give them a key edge in the important Italian market.

9 months ago
Air France-KLM, Delta Backed by Certares Set to Win Italy’s ITA Airways Bid

Airline Weekly

European Airline Consolidation

Edward Russell and Jay Shabat discuss Lufthansa's history of acquisitions and expansion, and what a potential ITA Airways deal could mean for the group.

10 months ago
European Airline Consolidation