Lufthansa Group completes sale of payment expert AirPlus International to SEB Kort

The Voice of Chandigarh :

 Lufthansa Group completed the sale of AirPlus International GmbH (formerly Lufthansa AirPlus Servicekarten GmbH). With the completion of the transaction, AirPlus with all international subsidiaries and branches will be transferred from the Lufthansa Group to SEB Kort Bank AB, based in Stockholm, after the sale was contractually agreed in June 2023. The purchase price amounts to around 450 million euros.

“My heartfelt thanks go to all AirPlus employees. With their dedication, passion and hard work, they have transformed AirPlus from a former Lufthansa project into a leading provider of B2B payment services that is now trusted by over 55,000 customers worldwide. I am delighted that we have found a strong new owner from the financial sector in SEB Kort, with whom AirPlus will write the next chapter of success and continue to drive forward the digital transformation in the payment sector,” says Michael Niggemann, Member of the Executive Board of Deutsche Lufthansa AG.

The sale of the payment expert is part of the Lufthansa Group’s strategy to focus even more strongly on its core business. ” Following the sale of the catering business last year and the recently conditionally approved investment in ITA Airways, the closing of the sale of AirPlus is further proof that we are consistently implementing our strategy,” says Niggemann.

AirPlus will remain a member of the global payment network Universal Air Travel Plan, Inc. (UATP) after the sale.