On Wednesday, January 18, 2022, Lufthansa announced that it had submitted an official bid to take over the airline Ita Airways. First you want to acquire a minority share and later buy the carrier completely via options.

According to the company, the letter of intent was submitted to the Italian Ministry of Economy and Finance. If this declaration of intent were to be signed by both parties, further negotiations and talks would be conducted exclusively. In concrete terms, this means that it is now the turn of the Italian government.

The Kranich Group hopes that the possible entry into Ita Airways will not only give it better access to the Italian market, but also sees the possibility that additional synergies can be found. Italy is already one of the most important foreign markets for Lufthansa. If a contract is signed, the implementation of the transaction would be subject to the approval of the responsible authorities.