ITA Airways (AZ, Rome Fiumicino) is fully committed to its proposed merger with Lufthansa and sees no alternative to the plan, which also has the full backing of the Italian government and the German airline, according to ITA Airways chairman Antonino Turicchi.
Lufthansa aims to acquire a 41% stake in ITA Airways from the Italian Treasury for EUR325 million euros (USD352 million), but the deal faces European Commission regulatory challenges due to antitrust concerns. Both parties are working on remedies…
Source: ch aviation
Read more: Italy's ITA Airways committed to merger with Lufthansa