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International Business Times
International Business Times
Business
AFP News

EU Probes Lufthansa's Proposed Buy Of ITA Stake

Lufthansa said it remains 'optimistic' the bid to buy 41 percent of ITA (Credit: AFP)

The EU's powerful antitrust authority opened an in-depth investigation on Tuesday into German airline Lufthansa's proposed stake in Italy's ITA Airways, over fears it could hurt competition.

The European Commission said it had "preliminary concerns that the transaction may reduce competition in the market for passenger air transport services on several short-haul and long-haul routes in and out of Italy".

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