Pilotcenter.net News recently reported on a crucial last-minute agreement that saved the merger talks between Lufthansa and Italian flag carrier ITA Airways. The deal, approved by the European Commission, involves Lufthansa acquiring a 100% stake in ITA Airways through a series of investments totaling €829 million. However, negotiations hit a roadblock when Lufthansa requested a reduction in the purchase price, leading to urgent discussions between Italian Minister of Economy and Finance Giancarlo Giorgetti and Lufthansa’s CEO Carsten Spohr to salvage the agreement at the eleventh hour.

Thankfully, the deadlock was broken, and on November 11, 2024, an agreement was reached between the Italian government and Lufthansa, paving the way for the deal to be presented to European regulators for approval. The European Commission will ensure fair competition post-merger, with stipulations including allowing rival carriers to operate non-stop flights between certain European cities and surrendering slots at Milan-Linate Airport to other airlines.

With negotiations back on track, both parties are now focused on enhancing cooperation and operational synergies between Lufthansa Group and ITA Airways. Stay tuned for further developments as this landmark merger moves forward.