It’s on. Lufthansa will buy 41% – initially – of Italy’s ITA Airways, for €325m, giving it stakes in or ownership of airlines in five countries.
The long negotiations, which saw Italian shipping line MSC pull out of a partnership with Lufthansa, have seen the Germans agree on options to enable Lufthansa to buy the remaining shares at a later date. The Italian government, meanwhile, has committed to a capital increase …
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