Lufthansa will get a chance to buy ITA Airways after the winner of the previous bidding, Air France/KLM, refused to bid on ITA again,
Lufthansa had been interested in purchasing ITA Airways for quite a while and lost out in the previous bidding for the Italian carrier. However, due to political factors in Italy, the airline got thrown into the buyer’s arena once more.
Since Italy has a new government, previous transactions surrounding ITA Airways have come under additional scrutiny, leading to the dismissal of management and reevaluation of the company's sale.
Lufthansa is primarily interested in the lucrative Italian routes, and it is foreseen that the plan is most likely to spin it into another low-cost subsidiary as they already have done with many other brands.
The EU will have to vet and clear this purchase, and should it go through, Lufthansa would have to deal with tough restrictions when it comes to what they can do with the airline.
ITA has just reported a net loss of nearly half a billion euros for the 2022 financial year.


Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand
Yes, government influences wages – but not just in the way you might think
6 simple questions to tell if a ‘finfluencer’ is more flash than cash
Chinalco and Rio Tinto Acquire Controlling Stake in Brazil’s CBA for $903 Million
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S.
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations
Why have so few atrocities ever been recognised as genocide?
Saks Global to End Saks on Amazon Partnership Amid Bankruptcy Restructuring
AI is driving down the price of knowledge – universities have to rethink what they offer
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook
Disney Board Nears CEO Decision as Josh D’Amaro Emerges as Leading Candidate
Stuck in a creativity slump at work? Here are some surprising ways to get your spark back 



