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Lufthansa’s ITA deal should get EU clearance to counter Ryanair’s ‘near monopoly,’ CEO says

By Tono Gil and Nicholas Hirst ( May 26, 2023, 10:59 GMT | Insight) -- Deutsche Lufthansa’s deal to acquire a 41 percent stake in Italian air carrier ITA should be seen by the European Commission as a way to avoid Irish budget carrier Ryanair enjoying “almost a monopoly” in the Italian market, the German group’s CEO said today.Deutsche Lufthansa’s chief executive says its deal to acquire a 41 percent stake in Italian air carrier ITA should be seen by the European Commission as a way to avoid Ryanair all but monopolizing the Italian market....

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