Today, it is announced that the EU Antitrust Authority will approve the sale of the first package of shares of Ita Airways to Lufthansa, with potential requirements. This decision comes just one day before the July 4th deadline. After six months of negotiations between the Ministry of Economy and Finance, Ita Airways, Lufthansa, and the European Competition Authority, a compromise has been reached regarding the sale of slots at Linate airport and restrictions on routes from Fiumicino to North America.
Following the announcement from Brussels, a press conference will be held by Minister of Economy Giancarlo Giorgetti, Ita Airways president Antonino Turicchi, and Lufthansa CEO Carsten Spohr at the Mef headquarters. Further details of the agreement will be defined in the coming months.
It has been 14 months since the initial agreement was reached between the Mef and Lufthansa for the sale of 41% of Ita Airways for 325 million euros. This agreement marks the first step towards
Ferrari has recently unveiled a significant milestone in its history with the establishment of the…
Disney Cruise Line has emerged as my top choice for travel out of the 15…
The social media company Truth Social (NASDAQ:DJT) has announced an all-stock deal to acquire the…
The Cincinnati Reds swept the New York Yankees in a three-game series this season, marking…
LaVar Arrington II has committed to play football at Penn State, following in his father’s…
LSU's July 4th was made all the more exciting with a big commitment from Class…