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The Latest Breaking News from ITA Airways

Alitalia will lay off over 2,000 remaining employees as liquidation nears

Italy’s former national carrier Alitalia has started procedures for the collective dismissal of its remaining 2,059 employees

The Independent UK

ITA Airways Suspends Tel Aviv Flights Over Security Concerns

ITA Airways suspends flights to Tel Aviv amid security concerns, in line with other airlines' actions in response to Middle East tensions.

Top News

Lufthansa Doubles Profit In 2023, But Strikes Cast Shadow

German airline giant Lufthansa more than doubled its profits in 2023, extending a rebound from the coronavirus pandemic even as it faces fresh risks from a wave of industrial action.

International Business Times

EU Probes Lufthansa's Proposed Buy Of ITA Stake

The EU's powerful antitrust authority opened an in-depth investigation on Tuesday into German airline Lufthansa's proposed stake in Italy's ITA Airways, over fears it could hurt competition.

International Business Times

3 Airline Stocks to Watch and Potentially Buy Today

The airline industry is well-positioned for substantial profitability this year as consumers embrace air travel again following a pandemic-induced slump. Amid this backdrop, it could be wise to add fundamentally sound airline stocks Deutsche Lufthansa (DLAKY), Air Canada (ACDVF), and Air France (AFLYY) to your watchlist today. Read on….

StockNews.com

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German airline Lufthansa signs deal for minority stake in Italy's struggling ITA Airways

German airline Lufthansa on Thursday signed a deal with the Italian government for a minority share in the long-struggling ITA Airways, formerly Alitalia

The Independent UK

Lufthansa signs deal for stake in Italy's ITA Airways

Milan (AFP) - Lufthansa agreed on Thursday to buy a stake in ITA Airways, created from the ashes of state-owned Alitalia, marking the German airline giant's expansion in a key European market.

AFP

EU orders Italy to recover 400 mn euro loan to Alitalia

Brussels (AFP) - The EU's antitrust authorities on Monday told Rome to claw back a 400-million-euro loan given in 2019 to then struggling airline Alitalia, which the bloc ruled was "illegal".

AFP

Lufthansa closes in on stake in Italy's ITA Airways

Frankfurt (Germany) (AFP) - German airline giant Lufthansa submitted a fresh offer Wednesday for Italy's troubled ITA Airways, bringing a turbulent takeover process closer to the finish line.

AFP

Italy to decide fate of top Treasury officials on Jan. 19, sources say

Italy's cabinet is likely to decide on Jan. 19 the fate of two influential Treasury officials, sources said, with nationalist Prime Minister Giorgia Meloni seen as pushing to appoint figures closer to her right-wing administration in key jobs.

Reuters

ITA Airways investigates ground collision at New York's JFK airport

Italy's ITA Airways said on Thursday it had launched an investigation into a ground collision involving one of its aircraft at New York's John F. Kennedy International Airport - the second such incident in less than a year.

Reuters

Italy to inject another 400 mn euros into airline

Milan (AFP) - The Italian government on Tuesday approved injecting another 400 million euros ($400 million) into state-owned ITA Airways as efforts to sell off the airline stall.

AFP

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The Independent UK

Which Italy flights are affected by strikes this weekend?

EasyJet has cancelled around 200 flights amid strike disruption

AFP

Italy picks bid by US fund, Delta and Air France for ITA Airways

Milan (AFP) - Italy announced Wednesday it chose a bid by US investment fund Certares, in partnership with Delta Airlines and Air France-KLM, for exclusive talks to take over national carrier ITA Airways.

Reuters

Factbox-As Italian PM Draghi resigns, what risks being left undone?

Italian Prime Minister Mario Draghi resigned on Thursday after his national unity government fell apart, setting the country on course for an early election in September or October and hitting financial markets.

Reuters

Factbox-What risks being left undone in Italy government crisis?

Italian Prime Minister Mario Draghi is due to address parliament on Wednesday to clarify his position after the president rejected his resignation last week.

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Daily Mirror

Pilots who ‘fell asleep’ while flying plane sparked fears of terrorist hijacking

The pilot claimed the 10-minute blackout in communications was down to an equipment failure, but an internal investigation by the airline cast doubt on this

Benzinga

AerCap Inks Lease Agreements For 12 Aircraft With ITA Airways

AerCap Holdings N.V. (NYSE:AER) has signed lease agreements for ten new Airbus A320neo aircraft and two new Airbus A330neo aircraft with ITA Airways. Deal terms not disclosed. The aircraft are scheduled to deliver beginning in 2023 through 2024. “These aircraft will enable ITA Airways to expand its network, whilst advancing its commitment to…

Benzinga

Delta, Air France-KLM Express Interest In ITA Airways: Reuters

Delta Air Lines Inc (NYSE:DAL) and Air France-KLM (OTC:AFRAF) have expressed interest for a majority stake in ITA Airways, Reuters reported. The expression of interest was presented to Italy's government in a letter, with another international fund also expressing the same. The move comes after Germany's Deutsche Lufthansa AG (OTC:DLAKF), along with shipping group MSC,…

The Independent UK

MSC Group, Lufthansa partner in bid for Italy's ITA Airways

The parent group of MSC Cruises is partnering with Lufthansa in a bid for a majority stake in Italy’s ITA Airways

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