{"id":135771,"date":"2023-01-18T19:30:00","date_gmt":"2023-01-18T19:30:00","guid":{"rendered":"https:\/?p=135771"},"modified":"2023-01-19T00:29:38","modified_gmt":"2023-01-19T00:29:38","slug":"lufthansa-submits-offer-to-acquire-a-stake-in-ita-airways","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/01\/lufthansa-submits-offer-to-acquire-a-stake-in-ita-airways.html","title":{"rendered":"Lufthansa submits offer to acquire a stake in ITA Airways"},"content":{"rendered":"\n

Deutsche Lufthansa AG<\/strong> is aiming to acquire a stake in the Italian national carrier ITA Airways<\/strong>. The plan is to agree on the initial acquisition of a minority stake as well as on options to purchase the remaining shares at a later date.<\/p>\n\n\n\n

The company submitted an offer to the Italian Ministry of Economy and Finance to conclude a Memorandum of Understanding (MoU) in this respect. Contingent on both parties signing this MoU, further negotiations and discussions would be conducted on an exclusive basis.<\/p>\n\n\n\n

\u2192 Lufthansa to offer more than 205 destinations in summer 2023<\/a><\/strong><\/em><\/p>\n\n\n\n

These talks would primarily focus on the form of a possible equity investment, the commercial and operational integration of ITA into the Lufthansa Airline Group, as well as resulting synergies. In case of a binding agreement is reached, its implementation would be subject to approval by the relevant authorities.<\/p>\n\n\n\n

“For Lufthansa Group, Italy is the most important market outside of its home markets and the US. Italy\u2019s importance for both business and private travel lies in its strong export-oriented economy and status as one of Europe\u2019s top vacation spots”, the company said.<\/p>\n\n\n\n

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