Lufthansa Group finalizes 41 percent stake in ITA Airways - Get updated on what's happening in tourism!

The Italian Ministry of Economy and Finance (MEF) and Europe's leading aviation group concluded the transaction today. As a result, the Lufthansa Group has a 41 percent stake in the Italian airline ITA Airways. The remaining 59 percent will initially continue to be held by MEF.

The two parties had already agreed in May 2023 that Deutsche Lufthansa AG would acquire a minority stake of 41 percent in ITA Airways. The European Commission had recently approved the participation by approving the remedies on 29 November 2024. Other competition authorities outside the EU have since also approved the participation.

The first step of the investment was implemented today by means of a capital increase of 325 million euros. Options for the acquisition of the remaining shares in ITA Airways have been agreed between the Lufthansa Group and MEF and can be exercised from this year. With today's transaction, ITA Airways is part of the Lufthansa Group and will be the Group's fifth network airline.

Carsten Spohr, Chief Executive Officer Deutsche Lufthansa AG, says:

“We are proud to finally welcome ITA Airways to the Lufthansa Group. I would like to thank everyone who has contributed to this, especially in Rome, Brussels, Berlin and Frankfurt. The ITA Airways team has written an impressive success story in recent years and, with great energy, passion and expertise, has built an airline that is already the pride of an entire nation. We look forward to continuing this success story of ITA Airways together. With our investment, we will now strengthen the Italian and European aviation market and the position of the Lufthansa Group as number one in Europe. Our joint passengers worldwide will benefit from improved offers and optimized connections as early as this upcoming summer flight schedule.”

Italy will thus become a further “home market” for the Lufthansa Group. The country is already the company's second most important international market after the USA, outside the existing home markets of Germany, Austria, Switzerland and Belgium. The five-star Rome Fiumicino Airport will be the sixth and southernmost Lufthansa Group hub. Milan-Linate, as a metropolitan airport in the economically strong northern Italy region with the second largest catchment area in the EU, will play a prominent role in the Group.

Timely integration

ITA Airways will be retained as a strong brand and developed further. With today's closing of the transaction, the Lufthansa Group and ITA Airways can conclude the first cooperation agreements for their passengers. In a few weeks, ITA Airways frequent flyers will be able to collect their points or miles either in ITA Airways' existing “Volare” program or already in Miles & More, the Lufthansa Group's loyalty program. In addition, Miles & More participants will have the opportunity to earn and redeem miles on ITA Airways flights. Further collaborations, such as joint codeshare connections, mutual use of the respective lounges and the planned admission to the Star Alliance aviation alliance, are to follow successively. Further details will be communicated to customers and partners in a timely manner.

ITA Airways (IATA flight number code “AZ”) is a young airline that has been growing since it started operating in 2021. Its modern, environmentally friendly Airbus fleet currently numbers 99 aircraft, including 22 long-haul Airbus A350-900, Airbus A330-900neo and A330-200 aircraft. ITA Airways flies to almost 70 destinations around the world. The airline's home base is its Rome Fiumicino (5-star Skytrax) and Milan Linate airport. In 2024, the airline welcomed around 18 million passengers on board its aircraft.

Joerg Eberhart (54) is appointed as new Chief Executive Officer (CEO) of ITA Airways. He is also a managing member of the Board of Directors of the Italian airline, which is based in Rome. In this role, Joerg Eberhart will take over the tasks previously performed on an interim basis by Antonino Turicchi and Andrea Benassi.

Lorenza Maggio (47) will take over the position of “Chief Strategy and Integration Officer” (CSIO) and will become a member of the Board of Directors of ITA Airways. In this position, Lorenza Maggio will manage the strategic development of the airline and be responsible for its integration into the Lufthansa Group.

Michael Trestl (39) will be responsible for the holistic integration of ITA Airways into the Lufthansa Group as “ITA Implementation Officer” and will transfer from Austrian Airlines to the Group headquarters in Frankfurt for this purpose. Michael Trestl has been a member of the Austrian Airlines Executive Board and Chief Commercial Officer (CCO) since 2021.

“I am delighted that we can appoint two managers from our own ranks to the management of ITA Airways: Joerg Eberhart and Lorenza Maggio,” says Carsten Spohr. “With their extensive experience and expertise, they will continue ITA Airways' successful course and quickly integrate the airline into the Lufthansa Group. With Michael Trestl, an experienced airline manager will take over the integration task in the group.”

Image Credit: © Lufthansa Group