(Reuters) - Lufthansa has finalised the acquisition of a 41% stake in Italy's ITA Airways, the German flag carrier said on Friday.
The remaining 59 percent will initially continue to be held by the Italian Ministry of Economy and Finance, it added, as ITA Airways becomes the group's fifth network airline.
(Reporting by Tristan Veyet, editing by Kirsten Donovan)
Deutsche Lufthansa AG is a Germany-based aviation company, which provides passenger and cargo air transportation services worldwide. The Company's segments include Passenger Airlines, Logistics, MRO and Catering. The Passenger Airlines segment includes Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines and Eurowings. The Logistics segment includes the airfreight container management specialist Jettainer group, the time:matters Group, which specialises in urgent shipments, the subsidiary Heyworld, which specialises in tailored solutions for the e-commerce sector, CB Customs Broker, the customs and customs clearance specialist, and the Lufthansa Group’s 50% stake in the cargo airline AeroLogic. The MRO segment, represented by the Lufthansa Technik group, is a global provider of maintenance, repair and overhaul services for civil and commercial aircraft. The Catering segment consists of traditional catering and onboard retail along with food commerce activities.
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