Lufthansa ITA Merger Update

ITA Airways (AZ) and Lufthansa (LH) are prepared to offer a “substantial” package of slots at Linate airport, allowing a competing carrier to enter on some short-haul routes in Rome (FCO) and Milan (MXP), transferring traffic rights, and even guaranteeing to the EU Antitrust a “freeze” of fares on intercontinental flights between Italy and North America.