EU Clears Lufthansa-Austrian Air Merger For Takeoff
By Melissa Lipman ( August 28, 2009, 1:02 PM EDT) -- The Europe Commission gave final approval Friday to German airline Deutsche Lufthansa AG's €366 million ($522 million) acquisition of Austrian Airlines AG, noting that the provision of the deal calling for Austria to include €500 million ($713 million) in state aid toward the ailing airline's debts did not violate European Union law....
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