Lufthansa-ITA Airways at penultimate mark: 325 million capital increase launched. Now only the Germans' signature is missing
This was the penultimate step on the path that will bring Lufthansa inside ITA Airways and ITA Airways inside the "more [...]

It was about the Penultimate step in the journey that will bring Lufthansa inside ITA Airways and ITA Airways inside "Europe's largest civil air transport group", opening "a new era for domestic and continental air transportation."
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With these words closed the note with which the leading Italian airline announced the positive outcome of theExtraordinary Shareholders' Meeting of Italia Trasporto Aereo S.p.A., "at which the capital increase of €325 million to be offered to Deutsche Lufthansa AG was resolved and that Must be signed by it by January 15, 2025".
That subscription will conclude the long, and to a point not at all obvious, proceedings initiated by the agreements made in June 2023 and will allow the effective German airline's entry into ITA Airways with a 41% stake.
One of the capital increase by Lufthansa. (which must take place, in fact, by next January 15), An ordinary shareholders' meeting of ITA will be held. (Lufthansa and the Ministry of Economy and Finance), at which the new board of directors of the Italian airline will be appointed, implementing the agreements made now 18 months ago.
At that point, ITA will become a full-fledged part of the Lufthansa Group (joining Lufthansa, Swiss, Austrian Airlines, Brussels Airlines, Discover Airlines, and Air Dolomiti) and its strategies in terms of fleet and destinations served from its Rome Fiumicino and Milan Linate hubs. For the Italian airline's transition from Skyteam alliance to Star Alliance Instead, it will likely need to wait until mid-2025.