LUFTHANSA received EU approval to acquire 41% of ITA AIRWAYS from Italian MEF via capital contribution of €325m, subject to conditions that include making short-/-long routes available to competitors, especially out of Milan Linate.
IATA reports year-over-year global pax traffic was up 10.7% in May on 8.5% higher capacity (had record 83.4% load factor for month of May); cargo rose 14.7%, marking the sixth consecutive month of double-digit year-over-year growth.
