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Deutsche Lufthansa AG (DLAKF)
- Reuters
Lufthansa, ITA to give up 11 slots in Milan to get EU go ahead for tie-up - newspaper
ROME (Reuters) -Germany's Lufthansa and Italian rival ITA will offer to cede 11 pairs of slots a day at Milan's Linate airport in order to secure the EU's green light for their proposed tie-up, Italian newspaper Corriere della Sera reported on Sunday. On Friday, the Italian economy minister said the two airlines would propose further remedies after Lufthansa's latest proposals were rejected by the Commission as insufficient. "We have developed a comprehensive, constructive solution to address the competition concerns raised by the authority regarding the relevant routes and the situation at Milan Linate airport," a spokesperson for Lufthansa said on Sunday, adding that the company can't comment on the details of the process.
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- Reuters
Lufthansa, ITA to propose further remedies for EU green light to tie-up
Germany's Lufthansa and Italian rival ITA Airways will propose further remedies to try to secure EU antitrust approval for the tie-up between the two carriers, Italy's economy minister said on Thursday. The German carrier is looking to acquire a 41% stake in state-owned ITA - Alitalia's successor - but ha so far failed to persuade EU regulators to clear the bid. Earlier this months Lufthansa submitted proposals, but these were little changed from an earlier package the Commission rejected as insufficient.
