German Lufthansa Group has finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier.

Germany's Lufthansa announced on Friday that it has taken the first step towards a takeover of Italy's state-owned ITA Airways by completing an approved capital increase of €325 million ($334 million).

Germany's Lufthansa Group on Friday finalised its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy's former flagship carrier.

Lufthansa Group completed its acquisition of Italy's ITA Airways, formerly Alitalia, finalizing a deal worth 829 million euros. Lufthansa now holds 41% of ITA, aiming for full control by 2033. This acquisition addresses competition concerns by allowing rival airlines access to certain routes,

Under the €325-million ($350-million) deal, Lufthansa takes an initial 41 per cent stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of €829-million. The remaining 59 per cent will initially continue to be held by the Italian Treasury.

Marcus Rashford said he was ready for a "new challenge" ahead of the January transfer window; AC Milan and Borussia Dortmund have been among the interested parties; Milan are only allowed to sign ...

Journey Destination Airports Duration Stops GRU - BLQ Bologna, Guglielmo Marconi Airport 22 hrs 10 mins 1 Stop GRU - GOA Genova, Cristoforo Colombo Airport 19 hrs 55 mins 1 Stop GRU - LIN Milan, Linate Airport 18 hrs 30 mins 1 Stop GRU - PSA Pisa ...

Italy's public debt surges to over €3 trillion, national rail operator calls for investigation into "highly suspicious" incidents, Italy and Lufthansa seal ITA Airways deal, and more news on Thursday.