EU Commission Approves Lufthansa's Acquisition of ITA Airways with Conditions
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.
The press radar on this topic:
EU gives green light: Lufthansa allowed to take over Italian airline ITA - n-tv.de
Brussels approves with conditions the purchase of the former Alitalia by Lufthansa
Approval of the EU Commission Lufthansa allowed to invest in Italy's airline ITA
Welcome!
![InfoBud.ai](https://ik.imagekit.io/enm51urx3/static/infobud-world-news-300.jpg)
infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand