EU Approves Lufthansa's Stake in ITA Airways with Strict Conditions
Lufthansa's investment in Italy's ITA Airways receives conditional approval to ensure competitive fairness.
- Lufthansa will invest €325 million for a 41% stake in ITA Airways, with options to increase its share.
- The deal includes concessions to rival airlines, such as route access and slot transfers at Milan's Linate airport.
- EU regulators required measures to prevent reduced competition and higher fares for consumers.
- The approval followed a year-long investigation and significant pressure from Italian officials.
- The deal aims to stabilize ITA Airways, the successor to the financially troubled Alitalia.