Lufthansa, ITA to give up 11 slots in Milan to get EU go ahead for tie-up - newspaper [Reuters]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
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Source: Reuters
ROME, April 28 (Reuters) - Germany's Lufthansa and Italian rival ITA will offer to cede 11 pairs of slots a day at Milan's Linate airport in order to secure the EU's green light for their proposed tie-up, Italian newspaper Corriere della Sera reported on Sunday. The German carrier is looking to acquire a 41% stake in state-owned ITA - Alitalia's successor - but has so far failed to persuade EU competition regulators to clear the bid. On Friday, the Italian economy minister said the two airlines would propose after Lufthansa's latest proposals were rejected by the Commission as insufficient. The carriers are willing to give up 22 flights, to and from the Milan airport - where ITA is seen to have a dominant position - and are already in advanced negotiations with Easyjet to take those slots, the report added, citing four EU sources and reporting no comments from the companies involved. By giving up the slots, currently held by Lufthansa, the new combined entity would not increa
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