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Lufthansa Submits Remedies for ITA Stake Acquisition to EU

By Pierre Bertrand


Deutsche Lufthansa submitted remedies to the European Union to assuage regulatory concerns about its acquisition of a stake in ITA Airways from the Italian government.

The German airline group, which last year reached an agreement with Italy's Ministry of Economy and Finance to acquire a 41% stake in the Italian carrier formerly known as Alitalia, said it submitted a significantly improved remedy offer to the European Commission, the EU's executive arm.

"The revised package addresses the Commission's concerns on short- and long-haul flights, as well as on concentration at Milan Linate airport," a Lufthansa spokesman said following a statement Tuesday from Italy's economy and finance ministry, confirming that remedies were submitted.

Lufthansa said it offered the remedies to regulators on Monday.

The submission comes after the commission in late March sent a statement of objections--a formal step to inform parties of objections against a potential deal.

The commission said at the time that the tie-up could hurt competition for some routes in and out of Italy.

That assessment came after the commission opened an investigation in January into the agreement after earlier proposals by Lufthansa on the deal were considered insufficient to address some of the commission's concerns.

In a statement, the commission said it would carefully assess the remedies. It now has until July 4 to decide on the deal.


Write to Pierre Bertrand at


(END) Dow Jones Newswires

May 07, 2024 06:04 ET (10:04 GMT)

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