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State aid: European Commission approves the restructuring of Austrian Airlines
Brussels, Belgium - The Commission has also approved the acquisition of AA by Lufthansa under the Merger Control Regulation
"The Commission has today decided to close the formal investigation procedure into the privatisation and restructuring of Austrian Airlines concluding that the restructuring following its sale to Lufthansa is compatible with community law. The Commission has concluded that the price to be paid by Lufthansa involves State aid but that such aid is compatible in accordance with the Community framework...
fra/pec - 1108676
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency