Provenance Record

Clean News piece, 624 words. Covers the transaction structure (€325M / 49% lifting Lufthansa to 90%, Italian state retains 10% / option 2028) cleanly. Integration-already-in-flight section is editorially useful — shows that operational integration has been moving for over a year before the equity step.

Read all five reachable snapshots. source-0 (Lufthansa Group newsroom) confirms €325M, June 2026 option exercise, January 17 2025 first tranche date, Q1 2027 expected close, EC + US DOJ regulatory gate, and Spohr verbatim: 'Following the acquisition of the first 41 percent stake in ITA Airways last year, we promised the fastest airline integration in our history', 'All customer-facing interfaces are already integrated today—with the exception of North Atlantic flights', 'Lufthansa Cargo has been marketing ITA Airways' cargo capacity, which alone corresponds to the additional capacity of three Boeing 777 freighters'. source-1 (Euronews) corroborates and adds the Italy MEF seller framing. source-2 (AeroTime) confirms the Star Alliance March 31 2026 join date, Volare-to-Miles&More frequent flyer migration, Frankfurt+Munich terminal moves, the SWISS/Austrian/Brussels integration precedent, and the Eberhart 'a clear demonstration of the good work carried out so far' quote verbatim. source-3 (CAPA) confirms the 2028 option for remaining 10%, the EC+DOJ regulator pair, and the Eberhart quote 'Full integration into the Lufthansa Group will allow us to compete more strongly in international markets, while continuing to bring to the world the value of Italy' verbatim. source-4 (Travel Tomorrow) corroborates Spohr's 'fastest airline integration' quote.

Every specific verified: €325M, +49% lifting stake to 90%, June 2026 option exercise, Q1 2027 close, EC + US DOJ regulatory gates, Italy MEF as seller (59% pre-deal), 10% residual + 2028 option, ITA's January 17 2025 first transfer, Star Alliance March 31 2026, Volare→Miles&More, Frankfurt+Munich terminal moves, SWISS/Austrian/Brussels precedent.

Clean APPROVE. All quotes verbatim, all transaction specifics traced, no concerns about substance or attribution.