The European Commission clears Proposed Acquisition of Stake in ITA Airways by Lufthansa, Subject to Conditions

The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of joint control of ITA Airways (‘ITA’) by Deutsche Lufthansa AG (‘Lufthansa’) and the Italian Ministry of Economy and Finance (‘MEF’). The approval is conditional upon full compliance with the remedies offered by Lufthansa and the MEF, including proposed remedies like Commitment for short-haul routes (making necessary assets available to one or two rival airlines to enable them to start non-stop flights between Rome or Milan), Commitment for long-haul routes (entering into agreements with rival competitors to improve their competitiveness) and Commitment for Milan Linate Airport (transferring take-off and landing slots to Linate airport).