The EU Commission raises concerns about the deal

Lufthansa last week submitted remedies to address the EU competition watchdog's concerns about its bid for a 41% stake in state-owned ITA Airways. The remedies are little changed from an earlier package the Commission rejected as insufficient. The company can add remedies following the hearing, sources say.

Lufthansa has offered concessions aimed at securing EU antitrust approval for its acquisition of a minority stake in Italian carrier ITA Airways. The airline's remedies could include ceding airport slots, traffic rights and planes to a rival, a source has told Reuters. The deal is part of sector consolidation as European carriers seek to compete better against U.S. and Gulf rivals.

EU Commission warns against Lufthansa's intention to buy minority stake in Italy's ITA Airways. EU Commission tells German carrier and Italian Economy Ministry that deal risks being rejected if no action is taken to resolve competition issues. EU warns that deal could be rejected if deal is not resolved.