The European Commission today gave the “green light” to the purchase of the Italian airline Ita (which was created after the closure of the historic Alitala) from Lufthansa. The agreement, as reported by the Italian press, should contain conditions in favor of preserving free competition in access to Milan’s Linate airport, for Ita’s flights in Europe and air connections between Rome’s Fiumicino airport and North America. with “opening” to new flights of other companies. The final agreement is expected to be signed by next November, and in a first phase, the German airline will secure from the Rome finance ministry 41% of Ita, with a capital increase of 325 million euros. In a second phase, within 2033, Lufthansa will acquire 100% of the shares of the Italian airline, created in 2020, for 829 million euros. “It is an Italian, German and European success, achieved after hard work […]
Source: News Beast
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