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Lufthansa unlikely to offer more concessions in ITA bid, sources say
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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.

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