On Thursday 21 December last year, the European Commission approved the planned acquisition of Luftfahrtgesellschaft Walter GmbH (LGW), a subsidiary of Air Berlin, by the airline Lufthansa, subject to the latter's compliance with a number of commitments to avoid competition distortions.
The transaction follows Air Berlin's decision, in August of last year, to file for bankruptcy, following the withdrawal of financial support from Ethiad (see EUROPE 11854). On 12 October 2017, the two parties...