Lufthansa continues to purse partial sale of IPO of MRO unit

Lufthansa Group has confirmed that it continues to examine the sale of subsidiaries that are not part of the core business of the Group, including Lufthansa Technik. “A partial sale or a partial IPO are still being pursued for Lufthansa Technik. The closing of the transaction is intended for 2023.” Lufthansa Technik posted a clearly positive result last year. The provider of aircraft maintenance, repair and overhaul services benefited from the recovery in air traffic. Lufthansa Technik achieved an Adjusted EBIT of €210 million compared to a €383 million loss the year before.