Deutsche Lufthansa AG is on track to complete its takeover of ITA Airways after ironing out differences with the Italian government over the purchase of the unprofitable carrier.

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The Italian government has reached a deal with Germany's Lufthansa for the German airline group to acquire a minority stake in Italy’s ITA Airways, a

The Italian government and German airline Lufthansa reached a deal on the sale of a minority stake in flag carrier ITA Airways on Monday evening – hours before a midnight deadline to present the agreement to European regulators.

German airline Lufthansa's $356m investment in Italian state-owned airline Alitalia is close to being finalized after the airline resolved its differences with the Italian government, reported Bloomberg.

Lufthansa Group submitted a package of remedies to the European Commission needed to secure antitrust EU approval to take a minority stake in ITA Airways, the German airline said on Tuesday, bringing it a step closer to closing the deal after a dispute with Italy's Treasury last week put it on hold.

The Italian Ministry of Economy and Finance has revealed that it has reached a deal with Germany's Lufthansa Group for a 49% stake in ITA Airways. View on euronews