Germany's Lufthansa Group on Friday finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier. Under the 325-million-euro ($350 million) deal,
Germany's Lufthansa Group has completed its long-sought acquisition of Italian carrier ITA Airways, finalising on 17 January its acquisition of a two-fifths stake in the company.
Lufthansa Technik has achieved a significant milestone with the assembly of the iconic Lockheed L-1649A Starliner. Once painted in its classic livery, the aircraft will be transported to Frankfurt, where it will take center stage in celebrating Lufthansa's 100th anniversary in spring 2026.
Germany's Lufthansa Group is set to resume flights to and from Tel Aviv in Israel from Feb. 1 and Wizz Air restarted its London to Tel Aviv route on Thursday, the companies said following a ceasefire agreement between Israel and Hamas.
Germany's Lufthansa airline group will resume flights to Tel Aviv next month, the company said Thursday, a day after Israel and Hamas announced a Gaza ceasefire and hostage-prisoner exchange agreement.
Germany's Lufthansa airline group will resume flights to Tel Aviv next month, the company said Thursday, a day after Israel and Hamas announced a Gaza ceasefire and hostage-prisoner exchange agreement.
Germany's Lufthansa is aiming to recruit around 10,000 people across the group in 2025, while measures to cut costs at its struggling core airline continue this year, the company said on Wednesday.
Lufthansa plans to add 10,000 jobs in 2025, the German airline group has said, as global air traffic continues to recover following the Covid-19 pandemic.
The Lufthansa Group has announced it will recruit a further 10,000 new employees in 2025 as the airline group continues to focus on its ‘Turnaround’ efficiency program. The program was launched in 2024 to reverse the fortunes of the airline group following multiple industrial disputes over the past two years that severely dented the Group’s finances and growth plans.
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,
Deutsche Lufthansa said more than half of the hiring is to take place in Germany.
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.