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European Commission: conditional ok for Lufthansa-Swiss The European Commission yesterday conditionally cleared the proposed acquisition of Swiss International Air Lines by Lufthansa after the carriers committed to surrender slots for up to 41 roundtrips per day to new entrants at Zurich, Frankfurt, Munich, Dusseldorf, Berlin, Vienna, Stockholm and Copenhagen.The approval came shortly after US authorities unconditionally approved the deal. The EC said its investigation, which took into account the impact of Lufthansa's cooperation with its Star Alliance partners, showed that the merger would "eliminate or significantly reduce competition" on a number of intra-European routes, most importantly Zurich-Frankfurt and Zurich-Munich, and on some long-haul routes to the US, South Africa, Thailand and Egypt. 6 Lug 2005 |
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