Incoming Brussels Airlines CEO Lorenza Maggio oversaw ITA Airways’ merger into Lufthansa Group, which was one of the fastest integrations in the company’s history.
What was sold as a minority investment has become outright control in record time. Expect Lufthansa to bring the same German gusto to the looming battle for TAP Air Portugal.
With the formalities rubber-stamped and the colossal Lufthansa Group as its onboarding mentor, Italy’s national carrier is expecting a smooth journey toward Star Alliance membership.
Lufthansa Group technically remains a minority shareholder in Italy’s national carrier, but it’s already leveraging the benefits of its newly minted 41% stake.
With no indication when U.S. carriers will resume service to Tel Aviv, these connecting flights via European hubs are likely to prove exceptionally popular.
The German airline group wants to avoid purchasing a controlling stake in TAP because it doesn't require approval from European Union antitrust authorities.
Lufthansa Group CEO Carsten Spohr is confident in financial gains within two years of the pending acquisition of Italy's ITA Airways, despite the carrier's history of losses.
Lufthansa, at long last, has bought Alita... , err, ITA Airways. Can it turn around the perennially struggling airline, and turn it into a money maker for the group?