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 Group (DLAKY) (DLAKF) finalized its acquisition of a 41% stake in the Italian airline ITA Airways for €325 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.

German aviation company Lufthansa Group has acquired a 41% stake in ITA Airways. Lufthansa Group can opt to acquire the remaining shares. The Italian Ministry of Economy and Finance (MEF) retains the remaining 59% of ITA Airways for now.

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.

January 2025 saw the Lufthansa Group conclude one of the most hotly anticipated business deals in the recent history of European commercial aviation, as the company finalized a 41% stake in Italian flag carrier ITA Airways.

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.