Brussels clears way for Lufthansa takeover of ITA Airways


An airplane with the Lufthansa logo on the tail fin is parked at Frankfurt Airport. (Shot with reflection in teleconverter). The European Commission announced on 03 July it had approved Lufthansa’s plans to acquire part of state-owned Italian airline ITA Airways. Sebastian Gollnow/dpa

The European Commission announced on Wednesday it had approved Lufthansa’s plans to acquire part of state-owned Italian airline ITA Airways.

The top competition watchdog in the European Union reported concerns that customers could face higher prices and lower quality airline services in and out of Italy due to restricted competition.

EU Competition Commissioner Margrethe Vestager in a statement said regulators were satisfied “that a sufficient level of competitive pressure remains” on Italian air travel after solutions were found.

To appease EU regulators, Lufthansa and the Italian government agreed to facilitate the operation of short-haul flights by rival airlines to Central Europe and share landing slots at Milan airport to reduce Lufthansa’s potential domination.

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