Lufthansa intends to exercise its option for a full takeover of the Italian carrier ITA Airways in June. Given the airline's track record, Lufthansa has decided to exercise the option to acquire a further 49 percent stake this June, Lufthansa CEO Carsten Spohr stated on Tuesday at the annual general meeting in Frankfurt. Lufthansa currently holds 41 percent of the former Italian state-owned airline, while 10 percent remains with the Italian state. 'As a result, ITA will be fully integrated into the Lufthansa Group both organizationally and financially starting in 2027', Spohr added.
(Report by Ilona Wissenbach, edited by Myria Mildenberger. For inquiries, please contact the editorial management at frankfurt.newsroom@thomsonreuters.com)
Deutsche Lufthansa AG is a Germany-based aviation company, which provides passenger and cargo air transportation services worldwide. The Company's segments include Passenger Airlines, Logistics, MRO and Catering. The Passenger Airlines segment includes Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines and Eurowings. The Logistics segment includes the airfreight container management specialist Jettainer group, the time:matters Group, which specialises in urgent shipments, the subsidiary Heyworld, which specialises in tailored solutions for the e-commerce sector, CB Customs Broker, the customs and customs clearance specialist, and the Lufthansa Group’s 50% stake in the cargo airline AeroLogic. The MRO segment, represented by the Lufthansa Technik group, is a global provider of maintenance, repair and overhaul services for civil and commercial aircraft. The Catering segment consists of traditional catering and onboard retail along with food commerce activities.
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