Cartel Office approves Lufthansa’s purchase of 10% stake in airBaltic despite concerns

Germany’s Federal Cartel Office has approved Lufthansa’s acquisition of a 10% stake in Latvian airline Air Baltic, despite identifying competition concerns on routes between Germany and the Baltic states (Riga, Tallinn, Vilnius). The approval was granted because these routes are considered minor markets with annual revenues under €20 million, requiring clearance under current merger laws. […]

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