Lufthansa Nears Finalization of ITA Airways Acquisition Deal

Lufthansa, Germany’s flagship carrier, has made substantial progress in its planned acquisition of ITA Airways after resolving key pricing issues with the Italian government. The two parties have worked through differences over the valuation of ITA Airways, allowing Lufthansa to move closer to finalizing the takeover deal. This acquisition marks a significant step for Lufthansa, as it seeks to expand its footprint in the Southern European market through a partnership with Italy’s national airline.