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Lufthansa offers EU concessions over Air Berlin asset buy
December 1, 2017 / 8:08 AM / 17 days ago

Lufthansa offers EU concessions over Air Berlin asset buy

BRUSSELS, Dec 1 (Reuters) - German airline Lufthansa has offered concessions to allay competition concerns about its plan to buy Air Berlin assets, EU antitrust regulators said on Friday.

The European Commission, which is concerned about Lufthansa’s dominance as a result of the deal, extended its deadline for a decision on the deal to Dec. 21 from Dec. 7. It did not provide details of Lufthansa’s concessions.

The airline is willing to cede slots belonging to Air Berlin businesses Niki and LG Walter, a source has told Reuters. (Reporting by Foo Yun Chee; editing by Alastair Macdonald and Jason Neely)

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