Tarom, the flag carrier of Romania, has received shareholder approval for a $6.6 million capital injection from the Ministry of Transport, scheduled for late 2024. This move is a part of the airline’s ongoing restructuring strategy aimed at stabilizing operations and improving long-term viability.
Condor has secured critical approval from the European Commission for $365 million in restructuring aid provided by Germany. The approval falls under the European Union’s State aid rules, paving the way for Condor to continue its recovery efforts and return to financial stability after enduring significant operational and financial challenges.
The European Commission has escalated its competition case against Lufthansa, issuing a Supplementary Statement of Objections that outlines its intention to order the airline to reinstate Condor’s access to feed traffic at Frankfurt Airport. This marks a significant development in the ongoing regulatory scrutiny of Lufthansa’s competitive practices.
Lufthansa, Germany’s flagship carrier, has urged the European Commission to suspend the EU-Qatar air transport agreement, citing concerns over its “radically unequal” terms and serious corruption allegations. The agreement, which liberalizes market access between the EU and Qatar, has come under increased scrutiny in recent months.
Air Tanzania has been added to the European Commission’s list of banned operators, prohibiting the airline from operating flights to and from the European Union due to safety concerns. This move underscores the EU’s stringent aviation safety regulations and its commitment to ensuring the highest safety standards for passengers and operators within its airspace.
The European Commission has granted approval under the EU Merger Regulation for easyJet (UK), IAG (UK), and Air France-KLM as suitable remedy takers. This decision comes as part of the commitments made by Lufthansa (Germany) and the Italian Ministry of Economy and Finance (MEF) to secure joint control over ITA Airways (Italy).
ITA Airways (Italy) chairman Antonino Turicchi has expressed optimism that the airline will secure final approval for its acquisition by Lufthansa Group (Germany) from the European Commission (EC) before the end of 2024. This approval marks a critical step in solidifying Lufthansa’s stake in the Italian national carrier.
Italy’s Treasury has temporarily suspended the sale of a 41% stake in ITA Airways to Lufthansa due to a price disagreement between the two parties. The deal, originally announced in May 2023, stipulated that Lufthansa would acquire the stake for €325 million, marking a strategic move to strengthen its position in Southern Europe. However, Lufthansa…
