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Up, up and away! Lufthansa gets EU nod to buy stake in ITA Airways
euronews (in English)
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03/07/2024
The European Union says that a merger between the two airlines will not breach antitrust rules.
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00:00
The European Commission has given the green light to Lufstanza to acquire a stake in Ita
00:06
Airways.
00:07
For 325 million euros, Lufstanza can buy a 41% share of the Italian airline Ita.
00:16
The long-awaited decision has been welcomed by the Italian Prime Minister Giorgia Meloni.
00:21
A large financial burden has been lifted from the shoulders of the Italian budget, while
00:27
it will also be able to maintain the security of air transport services.
00:58
Lufstanza's CEO has also welcomed the decision.
01:02
He defined it as a clear signal for strong air traffic in Europe, which can successfully
01:07
assert itself in global competition.
01:12
The agreement comes under certain conditions that include ensuring that other airlines
01:17
can launch new flights and receive slots in order not to reduce competition.
01:23
The deal cannot be finalized by the Commission until rival airlines agree to benefit from
01:28
the anti-competitive measures.
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