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Lufthansa Wins EU Approval for €325 Million ITA Airways Deal

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Deutsche Lufthansa AG’s €325 million ($350 million) investment in Italy’s ITA Airways won approval from the European Union, allowing Prime Minister Giorgia Meloni to offload responsibility for an airline whose predecessor was a drain on state resources for decades.

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Lufthansa’s ITA Deal Hangs in the Balance as EU Deadline LoomsThe fate of Deutsche Lufthansa AG’s €325 million ($354 million) investment into ITA Airways hangs in the balance as European Union regulators push the German airline to make concessions it isn’t prepared to accept.
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