Lufthansa is on track to complete the acquisition of ITA Airways by January 13, 2025. After years of discussions, this move will expand Lufthansa’s reach in several key European markets. ITA Airways will join other airlines in the Lufthansa Group, creating new opportunities for growth.
The acquisition has been in the works for a long time. Lufthansa will initially acquire a 41% stake in the Italian airline for €325 million. An option to acquire the remaining shares later is also part of the deal. Lufthansa believes this acquisition will enable ITA Airways to return to profitability while enhancing its presence in high-demand regions.
The deal is expected to take effect shortly after a capital increase approved by ITA Airways last month. Lufthansa will have until mid-January to take part in this increase. ITA Airways also approved new bylaws during an extraordinary shareholders’ meeting, outlining the governance changes for the airline post-acquisition.
Meanwhile, Lufthansa and other major European airlines have made arrangements with the European Commission to transfer assets and increase flight offerings. This includes expanding easyJet’s routes to Italy and allowing Air France-KLM and IAG to boost transatlantic connections from Italy. These steps align with Lufthansa’s broader strategy to strengthen its network and meet rising travel demand.
The integration of ITA Airways into Lufthansa’s operations is expected to take at least two years. Lufthansa plans to enhance the airline’s hub in Rome, improve its network to Eastern Europe, and expand its reach to the Americas and Africa. By focusing on profitable markets and expanding services, Lufthansa aims to make ITA Airways a key part of its global strategy.
As Lufthansa completes this acquisition, the airline will become even stronger in key global markets, enhancing its competitiveness and global presence.
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