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European Commission Approves Remedy Takers for ITA Airways Deal

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).

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ITA Airways Chairman Awaits Lufthansa Group Acquisition Approval

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.

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ITA Airways to Launch Rome-Tripoli Route with A319 in January

ITA Airways, the national airline of Italy, has announced the launch of a new route from Rome Fiumicino to Tripoli Mitiga in Libya, set to begin on January 12, 2025. This route will be operated with an Airbus A319, which is well-suited for short to medium-haul flights and provides an efficient and comfortable experience for passengers. The new route reflects ITA Airways’ strategy…

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Lufthansa Nears Finalization of ITA Airways Acquisition Deal

Lufthansa, Germany’s flagship carrier, has made substantial progress in its planned acquisition of ITA Airways after resolving key pricing issues with the Italian government. The two parties have worked through differences over the valuation of ITA Airways, allowing Lufthansa to move closer to finalizing the takeover deal. This acquisition marks a significant step for Lufthansa, as it seeks…

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Lufthansa Finalizes Stake Acquisition Deal in ITA Airways

Lufthansa, Germany’s flagship carrier, has reached an agreement with the Italian government to acquire a stake in ITA Airways following intense, last-minute negotiations. This deal marks a strategic move by Lufthansa to expand its footprint in the Italian market, gaining access to a wider customer base and strengthening its position within Europe. The acquisition is expected to bolster ITA…

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Volotea Withdraws Interest in Milan Linate Slots

In the ever-changing landscape of the aviation industry, Volotea, a Spanish low-cost airline, has decided not to pursue slots at Milan Linate, leaving easyJet as the only airline still interested in these slots. This decision comes in the wake of ITA Airways and Lufthansa having to give up their slots as part of the EU…

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Lufthansa CEO to Meet Italian Economy Minister Over ITA Airways Stake Sale

Lufthansa CEO Carsten Spohr and Italian Economy Minister Giancarlo Giorgetti are scheduled to meet this weekend to address a price dispute regarding the sale of a minority stake in ITA Airways, Italy’s national airline. This high-level meeting aims to overcome differences in valuation that have stalled Lufthansa’s acquisition of a stake in the airline, which the German carrier views as a…