European airlines are on a shopping spree
Lufthansa and IAG are pursuing big acquisitions
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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- Floating solar has a bright future
- India’s electronics industry is surging
- The cautionary tale of Huy Fong’s hot sauce
- European airlines are on a shopping spree
- Nvidia is now the world’s most valuable company
- Are manufacturing jobs really that good?
- Palmer Luckey and Anduril want to shake up armsmaking
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