FRANKFURT, April 2 Lufthansa is
seeking a buyer for part of its IT unit as it seeks to overhaul
the entire division, and has already held some early talks with
interested parties, it said on Wednesday.
Lufthansa, Germany's largest airline, is currently
undergoing a group-wide restructuring programme to improve
operating profit by 1.5 billion euros ($2 billion) by the end of
2015 when compared with 2011.
Lufthansa Systems will be divided into three parts -
Infrastructure, Airline Solutions and Industry Solutions. The
Infrastructure division, which employs 1,400 people, will be
sold, while the other two will remain within the Lufthansa
The infrastructure business, which provides data centres,
networks and telephony, requires a high level of investment and
economies of scale are critical, Lufthansa said in a statement,
explaining its decision to exit the business.
While the Infrastructure business accounted for 40 percent
of Systems' total turnover of 640 million euros, it made up only
25 percent of the unit's profit.
"Indicative talks with some interested parties have already
taken place and we hope to send out an invitation to tender
shortly," a spokeswoman told Reuters.
($1 = 0.7263 Euros)
(Reporting by Victoria Bryan; Editing by Elaine Hardcastle)