Lufthansa Technik AG plans to launch formal talks with investors in January 2023 about a partial sale, according to an employee briefing made available to Reuters. Talks are due to start at the end of January 2023, with two rounds of negotiation by the summer. “We are right on schedule,” said Finance Chief William Willms. Deutsche Lufthansa AG (XTRA:LHA), which on January 18, 2023 offered to buy a minority stake in ITA Airways, hopes for proceeds of between €1 billion and €1.5 billion ($1.08 billion to $1.62 billion) for the sale of a 20% share in its maintenance arm, a source with knowledge of the matter said.

Lufthansa declined to comment on the possible proceeds.