Lufthansa Moves to Secure Majority Control of ITA Airways in Strategic Expansion of Italian Hub

Lufthansa is increasing its ownership stake in ITA Airways to 90 percent in a 325 million euro deal to strengthen its European market position.The acquisition and integration of the Italian carrier require regulatory approvals from the EU and the US before finalizing early next year.Additionally, the airline is launching a massive fleet modernization program and expanding its Rome hub to improve global connectivity.
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