Lufthansa and ITA Airways hit a roadblock in merger talks as negotiations stall over purchase price adjustments. The German airline has requested a reduction of €10 million in the payment to ITA Airways shareholders, sparking tension in the ongoing discussions.

Italian Minister of Economy and Finance, Giancarlo Giorgetti, is set to meet with Lufthansa's CEO Carsten Spohr to navigate the deadlock and salvage the deal from potential collapse. The agreement, which saw Lufthansa acquiring a 41% stake in ITA Airways with plans to increase to 100% by 2033, faces uncertainty following the recent impasse.

With a deadline looming for the submission of all relevant documents to the European Commission, both parties are under pressure to swiftly reach a resolution. Trust between Lufthansa and ITA Airways has been strained, raising concerns about the future of the merger. Giorgetti emphasized the importance of restoring confidence in order to salvage the negotiations.

As the clock ticks towards the deadline, urgency mounts for Lufthansa and ITA Airways to find common ground and steer the talks back on track. Stay tuned for updates on this developing story at Pilotcenter.net News!