The European Commission has decided the German conglomerate can take joint control of the carrier with the Italian government, adding it to a grouping that includes Swiss, Austrian Airlines, Brussels Airlines and Eurowings.
Lufthansa Group will take a 41% stake in ITA, which began flying in 2021 after the collapse of former Italian flag carrier Alitalia. The German giant will pay €325 million for its shareholding, with the deal due to be completed by the end of the year. Lufthansa has the option for a 100% stake but will wait to see how ITA progresses.
