Lufthansa finalised its acquisition of a 41% stake in Italian state-owned airline ITA after European antitrust remedies were put in place, it said on Friday, in a deal designed to boost the carrier's presence in the lucrative southern European market.

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

The new board of directors for Italian flagship carrier ITA Airways was officially installed Friday following the formal completion of the airline's merger with German carrier Lufthansa, according to ITA Airways.

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 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 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 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,

Lufthansa Group officially purchased a 41% stake in ITA Airways Jan. 17 with its capital infusion of €325 million ($334 million), making the Italian carrier its fifth network airline. The remaining 59% of ITA will initially continue to be held by the Italian Ministry of Economy and Finance (MEF)...

Lufthansa's Carsten Spohr is the latest aviation industry chief to publicly lament how Boeing’s safety crisis is impacting their business.

Germany's Lufthansa will resume flights to and from Tel Aviv in Israel from Feb. 1, the airline said on Thursday after a ceasefire agreement between Israel and Hamas was announced by mediators. However,

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.

J.P. Morgan analyst Harry Gowers maintained a Sell rating on Deutsche Lufthansa (0H4A – Research Report) today and set a price target of €5.00.