Earned miles can be used on flights operated by Lufthansa and ITA Airways, providing more advantages and flexibility.
COLOGNE- Lufthansa Group has bought a 41% share in Italian airline ITA Airways (AZ), expanding its network significantly. This deal establishes Lufthansa as a prominent role in European aviation, with Italy becoming its sixth home market.
The strategic investment, approved by European and other international competition authorities, will allow the Lufthansa Group to incorporate ITA Airways into its operations, extending its network and improving connectivity for passengers globally.
Lufthansa Group Acquires Stakes ITA Airways
Lufthansa Group and the Italian Ministry of Economy and Finance (MEF) reached an agreement to buy 41% of ITA Airways (AZ) through a €325 million capital increase.
The remaining 59% will initially remain with MEF, but options for full acquisition have been identified and can be exercised beginning this year.
This acquisition is more than just a financial deal; it is a strategic move to strengthen Lufthansa’s position in the lucrative Italian aviation sector.
Italy is Lufthansa’s second largest overseas market behind the United States, outside of its major home markets of Germany, Austria, Switzerland, and Belgium.
Rome Fiumicino Airport (FCO) will now be the Lufthansa Group’s southernmost hub, with Milan Linate (LIN) playing an important role in connecting Italy’s economically thriving northern area.
With ITA Airways joining the Lufthansa Group, travelers can expect considerable improvements in connection and service.
Cooperation agreements are already in the works, and ITA Airways frequent fliers will soon benefit from dual loyalty programs—Volare and Lufthansa’s Miles & More.
Miles earned can be spent on ITA Airways and Lufthansa flights, providing more flexibility and perks.
Further integration plans include joint codeshare agreements, shared lounge access, and ITA Airways’ expected entry to the Star Alliance aviation network.
ITA Airways History
Founded in 2021, ITA Airways (AZ) is a fledgling airline with an eco-friendly, cutting-edge Airbus fleet of 99 aircraft, including long-haul versions like the Airbus A350-900 and A330-900neo.
With roughly 70 destinations in its portfolio, ITA Airways will transport approximately 18 million passengers in 2024, consolidating its position as a major participant in global aviation.
Its main hubs, Rome Fiumicino and Milan Linate, are highly acclaimed for their strategic placement and passenger services.
ITA Airways Leadership Changes
Lufthansa Group has named Joerg Eberhart as the next CEO of ITA Airways. Eberhart, who has vast expertise, will handle the airline’s operations alongside Lorenza Maggio, the recently appointed Chief Strategy and Integration Officer (CSIO).
Maggio will lead ITA Airways’ strategic development and ensure a smooth transition to the Lufthansa Group.
Michael Trestl, who previously worked for Austrian Airlines (OS), has been named ITA Implementation Officer, responsible for directing the airline’s overall integration into Lufthansa’s ecosystem.
Lufthansa Group CEO Carsten Spohr praised ITA Airways’ accomplishments, noting the airline’s metamorphosis into a source of national pride in Italy.
He stressed that the alliance would strengthen the Italian and European aviation markets, solidifying Lufthansa’s position as Europe’s top carrier.
This planned growth is consistent with Lufthansa’s overall mission of offering optimal connections and services to worldwide travelers.
FAQ
What percentage of ITA Airways did the Lufthansa Group acquire?
The Lufthansa Group acquired a 41% stake in ITA Airways.
Why did the Lufthansa Group invest in ITA Airways?
The investment is part of Lufthansa Group’s strategy to expand its presence in Southern Europe and strengthen its network by integrating ITA Airways into its portfolio.
How does this acquisition benefit ITA Airways?
ITA Airways will benefit from Lufthansa’s extensive global network, expertise in airline management, and potential synergies to improve operational efficiency.
Will ITA Airways join the Lufthansa Group’s loyalty program?
ITA Airways is expected to integrate into the Lufthansa Group’s loyalty program and may become a member of the Star Alliance in the future.
What changes can passengers expect from this partnership?
Passengers can expect improved connectivity, streamlined ticketing processes, and potentially more competitive pricing on routes operated by ITA Airways.
