European Union views Lufthansa's potential takeover of ITA Airways with concern
30-03-24
The European Commission has raised concerns about the proposed partial takeover of Italy's ITA Airways by Lufthansa and its effect on competition in its preliminary view on the deal.
The Commission opened an investigation into the acquisition in January 2024 and had already expressed concerns that it could reduce competition in the European passenger air transport market, but has now formally notified Lufthansa and its partner, the Italian Ministry of Economy and Finance (MEF), the current owner of ITA following the bankruptcy of its predecessor Alitalia, of its opinion.