The European Commission is likely to approve Lufthansa Group‘s proposed EUR325 million euro (USD353 million) bid for a 41% stake in Italy’s state-owned ITA Airways (AZ, Rome Fiumicino) following additional concessions on long-haul flights to North America, according to online newspaper Politico, citing several unnamed sources.
They claimed that barring any last-minute hitches, the Commission would accept concessions made last week. “There was a change of pace, a positive approach on both sides,” one source…
Source: ch aviation
Read more: Brussels likely to greenlight Lufthansa, ITA merger – report