Lufthansa Group purchase of ITA Airways stake approved

The European Commission (EC) has granted approval for the Lufthansa Group to acquire a 41% stake in ITA Airways with the view to a complete takeover in due course.

However, the EC said the deal remains conditional until "suitable remedy-takers" have been approved. This includes improved competitiveness on short- and long-haul routes, plus the transfer of slots at Milan/Linate.

The Lufthansa Group said more details will be communicated "as soon as the formalities have been fully completed."

The Lufthansa Group is buying into ITA Airways.
The Lufthansa Group is buying into ITA Airways. Lufthansa