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ITA Airways Appoints New Board of Directors and Leadership

ITA Airways, Italy’s flagship carrier, has announced a significant restructuring of its leadership team with the appointment of a new Board of Directors. The five-member board includes Antonella Ballone, Joerg Eberhart, Lorenza Maggio, Sandro Pappalardo, and Efrem Angelo Valeriani. Alongside the new board, ITA Airways has also introduced a Board of Statutory Auditors to enhance governance and oversight.

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Lufthansa to Take Stake in ITA Airways

Lufthansa Group (Germany) is poised to finalize a major deal to acquire a stake in ITA Airways (Italy) on January 13, 2025, marking the culmination of years of negotiations. This strategic investment is expected to strengthen Lufthansa’s position in the European aviation market and provide ITA Airways with a stable partner to support its growth and modernization efforts.

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European Commission Approves Remedy Takers for ITA Airways Deal

The European Commission has granted approval under the EU Merger Regulation for easyJet (UK), IAG (UK), and Air France-KLM as suitable remedy takers. This decision comes as part of the commitments made by Lufthansa (Germany) and the Italian Ministry of Economy and Finance (MEF) to secure joint control over ITA Airways (Italy).