Reported about 1 year ago
After a year of negotiations with the European Commission, Lufthansa acquired 41% of Italy's ITA Airways by making significant concessions. The deal's approval came with demands for route and slot concessions for the merged group, signaling greater scrutiny by European regulators on airline mergers. Concerns have been raised regarding the dominance of major airlines like IAG, Air France-KLM, and Lufthansa, potentially affecting further consolidation efforts in the industry. Complicated deals could face delays and hurdles due to regulatory attention, while the rise of budget carriers like Ryanair adds complexity to the competitive landscape.
Source: YAHOO