Lufthansa Group has taken a key move to controlling Italian flagship carrier ITA Airways.
An approved transaction of a capital increase of 325 million euros by Deutsche Lufthansa AG to ITA Airways was finalised this week.
ITA Airways is now part of the Lufthansa Group and is the fifth airline in the growing network.
We look forward to continuing the impressive success story of ITA Airways together,” said Carsten Spohr, Chief Executive Officer Deutsche Lufthansa AG.
"ITA Airways and Lufthansa Group customers will be able to benefit from the first joint programs and offers from this summer flight schedule."
The deal was approve by the Italian Ministry of Economy and Finance (MEF).
As a result, the Lufthansa Group has a 41% stake with the remaining 59% initially continuing to be held by MEF.
"The ITA Airways team has written an impressive success story in recent years and, with great energy, passion and expertise, has built an airline that is already the pride of an entire nation," Spohr added.
"We look forward to continuing this success story of ITA Airways together. With our investment, we will now strengthen the Italian and European aviation market and the position of the Lufthansa Group as number one in Europe."
ITA Airways frequent flyers will now be able to collect their points or miles either in ITA Airways' existing Volare program or in Miles & More, the Lufthansa Group's loyalty program.
Joerg Eberhart has been appointed as new CEO of ITA Airways, taking over previously performed on an interim basis by Antonino Turicchi and Andrea Benassi.
The Lufthansa Group will provide further information at a press conference in Rome on February 3, it said in a statement.
The Lufthansa Group will provide further information at a press conference in Rome on February 3, it said in a statement.
No comments:
Post a Comment