Lufthansa Group finalizes 41% stake in ITA Airways
In a strategic move that redefines the European aviation landscape, the Lufthansa Group has finalized the acquisition of 41% of Italy’s ITA Airways. This agreement marks a significant milestone for both companies and strengthens Lufthansa’s position as the leader in the European market.
Transaction Details
The transaction was concluded between the Italian Ministry of Economy and Finance (MEF) and the Lufthansa Group, following approval by the European Commission on November 29, 2024, as well as by other competition authorities outside the European Union. The initial investment, carried out through a €325 million capital increase, establishes Lufthansa as the primary minority shareholder, while the MEF retains the remaining 59%.
Options to acquire the remaining shares have been agreed upon and could be exercised in the near future, further consolidating ITA Airways’ integration within the Lufthansa Group.
Strategic Impact and Growth Opportunities
With this acquisition, Italy becomes a new home market for Lufthansa, which already considers the country its second most important international market after the United States. Rome-Fiumicino Airport, recognized as a five-star airport by Skytrax, will become the group’s sixth hub, while Milan-Linate Airport will play a pivotal role in connecting the economically strong northern Italian region.
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Carsten Spohr, CEO of Deutsche Lufthansa AG, expressed pride in welcoming ITA Airways into the group, praising the airline’s success since its inception in 2021. Spohr emphasized the importance of this collaboration in strengthening the European and Italian aviation markets while enhancing passenger experiences with new and optimized connections.
A Promising Future for ITA Airways
ITA will retain its brand identity but will benefit from the expertise and resources of the Lufthansa Group. The frequent flyer programs of both airlines will be integrated, allowing ITA travelers to earn and redeem miles in Lufthansa’s renowned “Miles & More” program. Additional collaborations, such as codeshare flights, mutual lounge access, and ITA’s potential membership in the global Star Alliance, are also planned.
The Italian airline, which operates a modern fleet of 99 aircraft—including sustainable models such as the Airbus A350-900 and A330-900neo—connects nearly 70 destinations worldwide. In 2024, it transported approximately 18 million passengers, solidifying its position as a key player in international aviation.
New Leadership for a Seamless Integration
ITA Airways’ integration into the Lufthansa Group is supported by an experienced leadership team. Joerg Eberhart, the new CEO of ITA Airways, along with Lorenza Maggio as Chief Strategy and Integration Officer and Michael Trestl as Implementation Officer, will ensure a smooth transition and the airline’s continued growth within the group.
The integration of ITA Airways into the Lufthansa Group not only strengthens the German giant’s position in Europe but also promises significant benefits for passengers and the aviation industry at large. With a clear vision for expansion and improvement, this partnership represents an exciting new chapter for Italian aviation.
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