Ita Airways, gli ultimi step in vista del closing
📍 Lufthansa is nearing the completion of acquiring 41% of Ita Airways, working closely with the Italian Ministry of Treasury. By November 3, 2024, following EU Antitrust approval, the companies must identify competitors for North American routes from Rome to Washington, San Francisco, and Toronto. 15 daily slot pairs at Linate Airport and short-haul routes will open to competition, overseen by Nocon. A competitive process will facilitate North American route access, either by direct flights or through airlines offering connecting flights via European hubs. The final agreement, triggering a €325 million capital increase by Lufthansa for the 41% stake, is expected by December 2024, with options for additional share transfers from 2025.
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