Lufthansa takeover of Eurowings approved


The German Federal Cartels Office agreed to let Lufthansa acquire a 49% stake in Eurowings. Lufthansa acquired 24.9% of Eurowings in January, but the Cartels Office had blocked it from increasing its stake on the grounds that it would exacerbate Lufthansa’s already dominant position in Germany’s domestic market. In August, Eurowings announced several concessions intended to allay the regulatory body’s concerns. Lufthansa indicated that the Cartels Office has imposed a series of conditions on the transaction, but did not specify what they were. Eurowings operates six BAe 146-200s and four series 300s. Eurowings has coordinated its operations with Lufthansa since the beginning of the summer schedule in March 2001.

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