German Lufthansa Group has finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy's former flagship carrier.

The European Commission told Lufthansa on Wednesday it would order the German flag carrier to reinstate charter airline Condor's access to Lufthansa's short-haul network to feed Condor's Frankfurt-New York route.

The European Commission has sent a Supplementary Statement of Objections to Lufthansa indicating the Commission's intention to order the airline to

Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More.

Germany's Lufthansa Group on Friday finalised its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy's former flagship carrier.

The European Commission (EC) has told Lufthansa to reinstate Condor’s access to feed traffic at Frankfurt airport. The order is part of a broader investigation into potential restriction of competition on European-transatlantic routes by the A++ transatlantic joint venture (JV) between Lufthansa...

The European Commission is requiring Lufthansa to reinstate charter airline Condor's access to its short-haul network for the Frankfurt-New York route. This interim measure comes as part of an investigation into a joint venture between Lufthansa,

Lufthansa finalised its acquisition of a 41% stake in Italian state-owned airline ITA after European antitrust remedies were put in place, it said on Friday, in a deal designed to boost the carrier's presence in the lucrative southern European market.

Lufthansa Group completed its acquisition of Italy's ITA Airways, formerly Alitalia, finalizing a deal worth 829 million euros. Lufthansa now holds 41% of ITA, aiming for full control by 2033. This acquisition addresses competition concerns by allowing rival airlines access to certain routes,

Lufthansa has finalised its acquisition of a 41% stake in ITA Airways, Italy's state-owned successor to Alitalia, for €325 million ($334 million). The

Under the €325-million ($350-million) deal, Lufthansa takes an initial 41 per cent stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of €829-million. The remaining 59 per cent will initially continue to be held by the Italian Treasury.

The EU wants the German airline Lufthansa to fully resume flying passengers from its competitor Condor to its Frankfurt hub. The European Commission fears that Lufthansa pulling out of a previously agreed deal will harm competition on the route between Frankfurt and New York.