{"id":149565,"date":"2024-03-25T12:00:30","date_gmt":"2024-03-25T12:00:30","guid":{"rendered":"https:\/?p=149565"},"modified":"2024-03-25T13:33:49","modified_gmt":"2024-03-25T13:33:49","slug":"european-commission-lufthansa-ita-airways-deal-may-hurt-competition","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2024\/03\/european-commission-lufthansa-ita-airways-deal-may-hurt-competition.html","title":{"rendered":"European Commission: Lufthansa, ITA Airways deal may hurt competition"},"content":{"rendered":"\n

Lufthansa’s<\/strong> bid for a minority stake in Italian rival ITA Airways <\/strong>could harm competition and lead to higher prices, EU antitrust regulators said on Monday, ramping up pressure on the German carrier to come up with stronger remedies.<\/p>\n\n\n\n

“A risk of a competition issue is of course that prices go up and services go down,” EU Commissioner Margrethe Vestager told reporters. “That is what we mean when we say risk to competition: that users will have to pay,” she added.<\/p>\n\n\n\n

The European Commission said the deal threatened competition on short-haul routes between Italy and Central European countries, as well as on long-haul routes between Italy and the United States, Canada and Japan. It would also strengthens ITA’s dominant position at Milan’s main airport.<\/p>\n\n\n\n

“The removal of ITA as an independent airline may have negative effects on competition in these already concentrated markets,” the Commission said in a statement.<\/p>\n\n\n\n

“The routes giving rise to potential concerns represent a small share of total short- and long-haul routes and passengers served by both parties and their joint venture partners, and the potential concerns do not affect the vast majority of routes that ITA operates,” it added.<\/p>\n\n\n\n

\u2192 Lufthansa announces new European destinations from Munich and Frankfurt this summer<\/a><\/em><\/strong><\/p>\n\n\n\n

Lufthansa and the Italian government can now put forward new remedies by April 26.<\/p>\n\n\n\n

Lufthansa wants to buy a 41% stake in state-owned ITA for 325 million euros ($351 million) as part of a capital increase.<\/p>\n\n\n\n

The deal highlights the airline industry’s attempts to consolidate, with British Airways-owner IAG seeking to buy out Spain’s Air Europa.<\/p>\n\n\n\n

The German group said it would present remedies to the Commission “in a timely manner”, adding that – in the company’s view – the deal would strengthen competition in Europe and in Italy.<\/p>\n\n\n\n

“We remain confident that ITA will become part of the Lufthansa group family this year,” it said in a statement.<\/p>\n\n\n\n

Lufthansa’s remedies to address EU concerns could be similar to those in a Korean airline deal approved by the Commission which included ceding slots, traffic rights and planes to a rival, a person with direct knowledge of the deal has previously told Reuters.<\/p>\n\n\n\n

Regulators also want to ensure that the rival acquiring such assets would start using them almost immediately before allowing airlines to close deals.<\/p>\n\n\n\n

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