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ITA Airways to be added to Lufthansa Group

Initially, Lufthansa will buy a 41% stake in ITA Airways for €325 million and will take over the running of the airline. I think that eventually they can buy up to 90%. Italy also agreed to invest another €250 million in the airline.

The big question is whether the Italian government will stand back and really let Lufthansa do what needs to be done to make a profit.

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