German Lufthansa Group has finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier.

Germany's Lufthansa Group is set to resume flights to and from Tel Aviv in Israel from Feb. 1 and Wizz Air restarted its London to Tel Aviv route on Thursday, the companies said following a ceasefire agreement between Israel and Hamas.

Lufthansa finalised its acquisition of a 41% stake in Italian state-owned airline ITA after European antitrust remedies were put in place, it said on Friday, in a deal designed to boost the carrier's presence in the lucrative southern European market.

Germany's Lufthansa Group has completed its long-sought acquisition of Italian carrier ITA Airways, finalising on 17 January its acquisition of a two-fifths stake in the company.

The European Commission told Lufthansa on Wednesday it would order the German flag carrier to reinstate charter airline Condor's access to Lufthansa's short-haul network to feed Condor's Frankfurt-New York route.

Germany's Lufthansa will resume flights to and from Tel Aviv in Israel from Feb. 1, the airline said on Thursday after a ceasefire agreement between Israel and Hamas was announced by mediators. However,

Lufthansa Group officially purchased a 41% stake in ITA Airways Jan. 17 with its capital infusion of €325 million ($334 million), making the Italian carrier its fifth network airline. The remaining 59% of ITA will initially continue to be held by the Italian Ministry of Economy and Finance (MEF)...

Lufthansa's Carsten Spohr is the latest aviation industry chief to publicly lament how Boeing’s safety crisis is impacting their business.

The new board of directors for Italian flagship carrier ITA Airways was officially installed Friday following the formal completion of the airline's merger with German carrier Lufthansa, according to ITA Airways.

J.P. Morgan analyst Harry Gowers maintained a Sell rating on Deutsche Lufthansa (0H4A – Research Report) today and set a price target of €5.00.

Italy and Lufthansa finalised their agreement Wednesday for the German airline to acquire a minority stake in ITA Airways, the state-owned carrier born from the ashes of Alitalia.

Under the €325-million ($350-million) deal, Lufthansa takes an initial 41 per cent stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of €829-million. The remaining 59 per cent will initially continue to be held by the Italian Treasury.