Business | Flying off the rails
European airlines are on a shopping spree
Lufthansa and IAG are pursuing big acquisitions
|BERLIN
Some corporate tie-ups delight investors. Others make them groan. The purchase of a 41% stake in ITA, Italy’s national airline, by Lufthansa, a German carrier, for €325m ($350m) is an example of the latter. Rumours that the EU is close to blessing the deal have contributed to a slump in Lufthansa’s share price.
This article appeared in the Business section of the print edition under the headline “Flying off the rails”
Business June 22nd 2024
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