The EU Commission has granted approval for Lufthansa to enter and acquire a portion of ITA Airways, the Italian state airline. Lufthansa intends to start with a 41 percent stake in ITA, with plans for a potential full takeover later.
However, this acquisition is subject to specific conditions imposed by the EU Commission to uphold competition standards, including divesting take-off and landing rights in Milan-Linate and supporting new competitors in the market. Lufthansa's expansion into Italy through this deal is seen as a strategic move to access the lucrative Italian aviation sector and strengthen its presence in key markets.
The approval signals a significant step for Lufthansa, with the company's CEO aiming to boost connections from Rome to Africa and Latin America, potentially enhancing ITA's profitability and fostering growth opportunities in the region.
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