Acceptable deal for between Munich and Sao Paulo via Rome with ITA, the former Alitalia. Sadly they have not partnered with their former SkyTeam members so limited to no mileage earning opportunities.
It seems that Virgin Atlantic is one of the few places that you can credit ITA flights. Long haul flights earn 75 Tier Points each way with flights under 2000 miles earn 30 Tier Points. So on this itinerary you would earn 210 TPs or half way to Silver status. Mileage wise you earn 200% of distance or 25400 miles on this TATL flight.
ITA/Alitalia Airbus 320 Business Class
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