Lufthansa is exploring the sale of some of its software assets in a deal worth close to €1bn as the German airline seeks to divest non-core businesses to focus on passenger and cargo operations. The airline has engaged bankers to pursue a potential sale of businesses within its Lufthansa Systems division, which provides IT services for the aviation industry, according to multiple sources. Assets under discussion include Lido and Net Line, offering flight planning, navigation, crew management, and schedule planning, as well as Sirax revenue accounting products.
The sale could cover most of Lufthansa Systems, excluding a unit providing bespoke services to the airline. These businesses generate over €200mn in revenue and roughly €50mn in EBITDA, making them attractive to private equity buyers. Lufthansa has been divesting non-core units for years, having sold its catering business in 2023 and its Air Plus credit card business in 2024 for €450mn.
The airline recently won a bid to buy a large minority stake in Portugal’s TAP airline, a move funded independently of the software sale. Discussions remain in early stages, with no decisions taken yet, and Lufthansa declined to comment.
Source: Financial Times Companies · Summarized by HeadlinesBriefing