Lufthansa CEO Carsten Spohr is looking to increase the airline’s stake in Italy’s ITA Airways to 90%, starting from early next year. This move comes after Lufthansa received EU antitrust approval to buy 41% of the state-owned airline for 325 million euros. Spohr expressed his desire for the Italian government to retain a stake in ITA and wants their support for the first two years of Lufthansa’s involvement in the airline.
Spohr’s comments come after Lufthansa previously stated its intention to acquire full control of ITA at a later date when it agreed upon the 41% deal with Rome’s authorities last year. ITA chairman Antonino Turicchi mentioned that the closing of the deal for Lufthansa’s initial investment is set to take place in November, with the possibility of Lufthansa raising its stake to 90% one year after the closing. Italian Economy Minister Giancarlo Giorgetti also emphasized the importance of maintaining oversight on ITA to protect national interests.
In order to maintain the support of the Italian government, Spohr wants to engage in discussions with them after the first two years of Lufthansa’s involvement in ITA. However, he did not reveal who would be appointed as ITA’s new CEO, despite reports suggesting that Joerg Eberhart, Lufthansa’s head of strategy and former boss of Air Dolomiti, would be the one to take on the role. It is evident that Lufthansa is keen on expanding its presence in ITA Airways and securing a substantial stake in the airline.
The partnership between Lufthansa and ITA Airways is expected to bring about significant changes in the Italian aviation industry. With Lufthansa eyeing a potential increase in its stake to 90%, the airline is set to play a major role in ITA’s operations and future growth. The involvement of the Italian government in discussions regarding ITA’s ownership structure is crucial for the airline’s development and sustainability.
As Lufthansa moves forward with its plans for ITA Airways, it is essential for the airline to navigate the complexities of the aviation industry and ensure a smooth transition. By seeking the support of the Italian government and engaging in constructive dialogue, Lufthansa aims to establish a strong foundation for its partnership with ITA. The coming years are likely to see significant developments in the collaboration between the two airlines, shaping the future of Italy’s aviation sector.
