Aviation transport experiences - Rome anticipates potential collapse of Lufthansa's integration into Alitalia.
Lufthansa plans to purchase 41% of the former Alitalia, giving Ita €325 million in funding from Lufthansa resources. If approved, Lufthansa could later acquire an additional 49% and the remaining 10%. However, the EU Commission is yet to endorse this proposal due to competition law concerns.
Salvini, the Deputy Prime Minister, expressed concern over potential EU intervention, stating, "If Brussels delays its decision after the European election to veto the Ita-Lufthansa agreement, that would be quite serious." Suelections are taking place this weekend. "Anyone seeking to throw thousands of employees out of their jobs and risk Italy's flagship airline's fate to layoffs out of personal vendetta or due to French bureaucratic pressure would be a serious affront."
Lufthansa and the Italian government have both consented to circumvent these barriers. The European Commission harbors concerns that customers could be subjected to higher prices and poorer quality post-takeover.
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- Despite the EU Commission's ongoing concerns about competition law, Germany and Italy are pushing for the approval of Lufthansa's acquisition of a majority stake in Alitalia.
- Brussels, the headquarters of the EU Commission, has not yet given its green light to Lufthansa's proposed purchase of 41% of Alitalia, citing potential negative impacts on air traffic in Europe.
- Matteo Salvini, Italy's Deputy Prime Minister, has voiced his support for Lufthansa's takeover of Alitalia, warning that any EU intervention could lead to layoffs and harm Italy's flagship airline.
- Lufthansa and Alitalia, both major European airlines, would benefit from this merger, with Lufthansa investing €325 million in the Italian carrier.
- If successful, Lufthansa could acquire an even larger stake in Alitalia, potentially leading to higher prices and poorer quality services for European consumers, according to the EU Commission.
- The looming European elections could influence the EU Commission's decision on the Alitalia-Lufthansa merger, as politicians and voters weigh in on the potential economic and social impacts.
- As Italy prepares for the European elections, Alitalia's future remains unclear, with Lufthansa's proposed acquisition facing opposition both in Italy and at the EU level.