Lufthansa-ITA Airways: European Union Goes On The Offensive

Lufthansa-ITA Airways: European Union Goes On The Offensive
CAPTAIN RAJU, CC BY-SA 4.0, via Wikimedia Commons

The European Union has this week warned that the proposed acquisition of a stake in ITA Airways by Lufthansa could reduce competition.

It is understood, as per reporting from Reuters, that the German carrier wishes to take a 41% stake in the Italian carrier.

Without further ado, let’s get into it…

Lufthansa-ITA Airways: European Union Goes On The Offensive…


Lufthansa-ITA Airways: European Union Goes On The Offensive
Photo sourced from Aviacion Online.

Etihad affiliate link banner

The Commission in the European Union mentioned that this deal between Lufthansa & ITA Airways could hinder competition, and wanted stronger remedies off the German carrier for this deal to go through.

A investigation has been opened into the proposed deal as well as whether it’s joint venture partners of United and Air Canada should be treated as a single entity post-merger.

In a statement, EU antitrust chief Margrethe Vestager said the following on this:

“We want to further assess the transaction and ensure that the acquisition of ITA does not reduce competition in short-haul and long-haul traffic and that it will not lead to higher prices, less capacity or lower quality for passenger air transport services in and out of Italy,”

It is understood that a decision deadline of June 6 has been set for the fate of the proposed merger between ITA Airways & Lufthansa.

Looking ahead, all eyes will be on how the investigation goes, as well as whether the German carrier can get this over the line later in the Summer.

But for now, the clock is ticking on a decision, and it will be interesting to see what the outcome is.

Did you know AviationSource has two newsletters? One covers the general news and analysis of the industry as a whole, and the other to do with emergencies that take place throughout the year! To subscribe to our General News Newsletter, CLICK HERE!
To subscribe to our Emergencies, Accidents & Incidents Newsletter, CLICK HERE!

Click the photo to join our WhatsApp channel so then you can stay up to date with everything going on in the aviation industry!

TAGGED:

Heathrow Airport: 2023 sees a return to profit

Heathrow Airport capped off a year of resurgence and rebound in 2023, showing the first adjusted profit in four years.

Len Varley By Len Varley

Dubai International Airport: 2023 record traffic exceeds expectations

2023 saw traffic exceed expectations for Dubai International Airport, with passenger footfall increasing 37% to 87 million.

Len Varley By Len Varley

King Abdulaziz International Airport receives first flight from Turkmenistan

Saudi Arabia's King Abdulaziz Airport has seen the first commercial flight arrive from Turkmenistan, opening avenues of economic and cultural

Len Varley By Len Varley

London Gatwick: New Chinese Services

London Gatwick (LGW) has announced that this coming summer season, the airport will have new Chinese services. This article will

Jamie Clarke By Jamie Clarke
You Might Also Enjoy