Lufthansa Group and TripActions announce strategic partnership

Lufthansa Group and Silicon Valley based travel management company Navan announced a strategic partnership. The two companies are “set to proactively shape the distribution and corporate retailing landscape of the future digital era of travel management companies.” To manifest this multifaceted collaboration, Lufthansa Group acquired a minority stake in the business travel innovator through its digital business unit Lufthansa Innovation Hub in December 2019. This makes Lufthansa Group the first strategic investor of TripActions.

Founded 2015 in Palo Alto, California, TripActions is a corporate travel management platform for businesses and their employees. The company has raised ~$480 million to date.

“We are excited to enter into this strategic partnership with TripActions to foster modern airline retailing to the benefit of our corporate customers. Jointly we aim to develop a unique customer experience and are committed to shaping the industry through our joint distribution innovation.” – Tamur Goudarzi Pour, Senior Vice President of Revenue Management & Distribution at Lufthansa Group Hub Airlines.

“We are always looking to deliver a win-win-win in corporate travel. Our expansion into Europe combined with our strategic partnership with Lufthansa Group delivers a win for business travellers with expanded inventory choice and transparency. It’s a win for travel managers, finance leaders and their organizations with greater spend visibility and control. And it’s a win for Lufthansa Group as we innovate together to delight our joint customers.” – Ariel Cohen, cofounder & CEO of TripActions.