Lufthansa wants to hold on to the Ita Airways takeover

When announcing its business figures for 2023, Lufthansa made it clear that it was still sticking to its plan to take over Ita Airways. It is expected that the deal will be given the green light.

CEO Carsten Spohr explained that the review process was proceeding much more slowly than expected, but “it is moving in the right direction” and “we want to reach a result as quickly as possible. The Phase II process runs until June 6, 2024. By then, the EU Commission must decide whether the deal will be passed with voluntary concessions, under conditions or not at all. Recently there were media reports in Italy that Lufthansa could lose interest if the requirements were too strict. The Kranich boss is still confident that approval could be received late, but at least.