Overview
- According to Italian media reports, the option under discussion would take Lufthansa from 41% to 90% by June 30, 2026.
- The reported terms call for a €325 million payment for the additional 49% plus up to €100 million in performance-linked earn‑outs.
- A final decision on exercising the option is expected between April and May, with discussions described as preliminary.
- Governance would shift to four of five board seats chosen by Lufthansa, while the chair role could remain Italian.
- ITA’s net financial debt stood at €2.4 billion at end‑2024 and unions have criticized the industrial plan with about 1,997 workers in cassa integrazione, even as CEO Carsten Spohr says integration progress is ahead of plan.