financetom
Business
financetom
/
Business
/
Lufthansa unlikely to offer more concessions in ITA bid, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Lufthansa unlikely to offer more concessions in ITA bid, sources say
Jun 11, 2024 8:24 AM

BRUSSELS/FRANKFURT/ROME, June 11 (Reuters) - Lufthansa

is unlikely to offer more remedies to EU antitrust

regulators scrutinising its bid for a stake in state-owned

Italian carrier ITA despite their concerns about long-haul

flights, three people with direct knowledge of the matter said.

German airline Lufthansa, which wants to buy 41% of Alitalia

successor ITA and has so far submitted three offers of

concessions, declined to comment.

The most recent proposal last month included an offer not to

integrate ITA into its joint venture with United Airlines

and Air Canada ( ACDVF ) for two years, other sources had

told Reuters.

There have been some tweaks to the proposal since then but

no major changes, the sources said.

Lufthansa has also offered to keep some competing ITA

short-haul routes to Germany, Belgium, Switzerland and Austria

and cede 40 slots at Milan Linate airport to easyJet and

Volotea.

EU concerns had centred on the impact of the deal on both

short-haul and long-haul flights and ITA's dominance at

Milan-Linate airport.

The European Commission, which acts as the EU competition

watchdog, is expected to decide whether to clear or block the

deal by the end of the month.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ConnectOne Bancorp's Q2 net loss at $21.8 mln due to merger costs
ConnectOne Bancorp's Q2 net loss at $21.8 mln due to merger costs
Jul 29, 2025
Overview * ConnectOne Q2 net loss $21.8 mln, impacted by merger expenses and credit provisions * Operating net income $23.1 mln, reflecting strong core performance * Merger with FLIC boosts assets, loans, and deposits, forming $14 bln institution Outlook * Company expects long-term benefits from FLIC merger integration * ConnectOne anticipates continued momentum in client onboarding Result Drivers * MERGER...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Railroad operator Norfolk Southern's quarterly profit rises
Railroad operator Norfolk Southern's quarterly profit rises
Jul 29, 2025
(Corrects to add dropped word adjusted in paragraph 2) (Reuters) -Norfolk Southern ( NSC ) reported a rise in its second-quarter profit on Tuesday, aided by higher revenue from improved volumes.The East Coast railroad operator's quarterly adjusted profit rose to $3.29 per share, from $3.06 per share a year earlier. ...
BMO Looks at Correlation Between U.S. Tariffs and Canada's Home Prices
BMO Looks at Correlation Between U.S. Tariffs and Canada's Home Prices
Jul 29, 2025
07:16 AM EDT, 07/29/2025 (MT Newswires) -- Since January, home prices have fallen 6% in Ontario, one of the two provinces in Canada most impacted by United States tariffs, said Bank of Montreal (BMO). The declines have been widespread, including a 5% dip in the largest region, Greater Toronto, noted the bank. However, there is no clear evidence, yet, that...
Copyright 2023-2026 - www.financetom.com All Rights Reserved