Lufthansa eyes early 2027 completion of ITA acquisition as it signs TAP deal

Lufthansa Group plans to increase its stake in ITA Airways to 90% and will also secure an agreement for a potential up to 49.9% ownership share of TAP Air Portugal. The acquisition timeline anticipates the majority takeover of ITA Airways’ completion within the initial quarter of 2027. This strategic move follows a ceremony scheduled later today involving Portugal's prime minister, solidifying the partnership between the airlines. Lufthansa expects this combined network expansion to significantly enhance their transatlantic operations. Furthermore, the group is actively pursuing international alliances through these acquisitions, aiming for greater market reach and operational efficiencies.