Deutsche Lufthansa AG is on track to complete its takeover of ITA Airways after ironing out differences with the Italian government over the purchase of the unprofitable carrier.

Merger talks between Lufthansa and ITA Airways are back on track after a last-minute deal was reached between the Italian government and the German carrier.

Lufthansa Group and MEF, the owner of ITA Airways, agreed to finalize the merger and sent its remedy package to the European Commission.

The Italian government and Lufthansa reached a deal on the sale of a stake in flag carrier ITA Airways to the German airline, Rome announced Monday evening, hours before a midnight deadline to present the agreement to European regulators.

The Italian government has reached a deal with Germany's Lufthansa for the German airline group to acquire a minority stake in Italy’s ITA Airways, a

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Lufthansa's acquisition of a 41% stake in ITA Airways, Italy's national airline and Alitalia’s successor, faces a potential collapse due to disagreements

Lufthansa Group submitted a package of remedies to the European Commission needed to secure antitrust EU approval to take a minority stake in ITA Airways, the German airline said on Tuesday, bringing it a step closer to closing the deal after a dispute with Italy's Treasury last week put it on hold.

German airline Lufthansa's $356m investment in Italian state-owned airline Alitalia is close to being finalized after the airline resolved its differences with the Italian government, reported Bloomberg.