Lufthansa (LH, Frankfurt International) has offered concessions to allay Brussels’ competition concerns over its plan to invest EUR325 million euro (USD355 million) to acquire an initial 41% stake in loss-making Italian state-owned flag carrier ITA Airways (AZ, Rome Fiumicino), the news agencies Bloomberg and Reuters reported.

According to the reports on January 9, the German airline has presented its submission to the European Commission, ahead of the latter’s provisional January 15 deadline for…

Source: ch aviation
Read more: Lufthansa compromises over ITA Airways deal – reports