(Finance) – The European Commission he implied to Lufthansa that one of the conditions for giving the green light to the agreement for the acquisition of 41% of Ita Airways would be the gives up some slots in the links with North America and the Asian continent.
The restriction would particularly concern long-haul routes operated from the Frankfurt and Munich hubs. A request which, obviously, finds the clear answer opposition from Lufthansato which the Brussels Competition Commission would have notified the request.
THE acquisition times of Lufthansa’s share of Ita Airways they estimate completion of phase 1 in early 2024. If the next phase were opened, necessary if the Commission decided to ask for further clarifications, it could require a procedural process of over three additional months. At that point the game would be played on the package of waivers to operate on decidedly profitable routes for Lufthansa.