* 🅣🅡🅐🅥🅔🅛 🅝🅔🅦🅢 *
There is finally closure on the drawn out sale process of Italy’s ITA Airways.
ITA is the ‘reborn’ Alitalia, although the airline is not currently operating on the scale of its predecessor. Having been through numerous bailouts, at huge cost to Italian taxpayers, it seems that the Government is now close to seeing the back of its problem child.
Lufthansa is acquiring a 41% stake in ITA for €325 million with an option to buy the remaining shares in the future.
This was published by Head for Points, to read the complete post please visit https://www.headforpoints.com/2023/05/27/lufthansa-buys-italys-ita-airways/.