Deutsche Lufthansa AG is on track to complete its takeover of ITA Airways after ironing out differences with the Italian government over the purchase of the unprofitable carrier.

The path for Lufthansa to take over the state-owned Italian airline ITA is clear, as the required documents for the buyout were submitted on time to the EU competition authority, Italy's finance ministry said on Monday.

Lufthansa Group submitted a package of remedies to the European Commission needed to secure antitrust EU approval to take a minority stake in ITA Airways, the German airline said on Tuesday, bringing it a step closer to closing the deal after a dispute with Italy's Treasury last week put it on hold.

This article is published in Aviation Daily part of Aviation Week Intelligence Network (AWIN), and is complimentary through Nov 13, 2024. For information on becoming an AWIN Member to access more content like this, click here .

The Italian government has reached a deal with Germany's Lufthansa for the German airline group to acquire a minority stake in Italy’s ITA Airways, a

The Italian government and German airline Lufthansa reached a deal on the sale of a minority stake in flag carrier ITA Airways on Monday evening – hours before a midnight deadline to present the agreement to European regulators.

Italy's finance ministry has sent details to the European Commission of the remedies package supporting Lufthansa's planned acquisition of a 41% stake in national carrier ITA Airways.

ROME (Reuters) – Italy’s Treasury said late on Monday it sent to the European Commission the package of remedies needed to secure EU antitrust approval for the tie-up between ITA Airways and Germany’s Lufthansa. The German carrier is looking to ...

Rome and Lufthansa had been locked into over a year of tough negotiations on the price and terms of the deal. Italy has reached a deal with German flag carrier Lufthansa on the sale of a stake in ITA Airways,