Lufthansa has formally made an offer to the Italian government to purchase a minority share in ITA Airways. The proposal also comes with a future purchase option for any outstanding shares. The German airline conglomerate has submitted a proposal to Italy’s Ministry of Economy and Finance. They hope to seal the deal with an MoU…
Air India comes home! AI goes back to the Tatas after 68 years as it wins bid for USD 2.4 billion
In a new dawn for the Indian airlines industry, the national carrier Air India has gone back to its original founders. The Tata Sons won the bid to acquire the airline today. The Tatas placed a winning bid of INR 18,000 crore (USD 2.4 billion) to re-acquire the carrier more than half a century after…
