Lufthansa Group’s bid for ITA stake wins EU approval; Star Alliance shift planned

by holidaysbythepub

 


European regulators have approved Lufthansa Group’s bid to acquire a 41% stake in embattled Italian flag carrier ITA Airways, the company said Wednesday. The deal, expected to close later this year, will set the stage for ITA to become that latest to participate in the wave of consolidation in the European industry. As part of …
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