Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 15, 2025

EU to order Lufthansa to restore Condor's access to its short-haul network

BRUSSELS (Reuters) - The European Commission told Lufthansa on Wednesday it would order the German flag carrier to reinstate charter airline Condor's access to Lufthansa's short-haul network to feed Condor's Frankfurt-New York route.

The expected interim measure is part of the Commission's investigation into the joint venture between Lufthansa, United, and Air Canada, which the EU executive believes may restrict competition for Frankfurt-New York flights.

The Commission said Lufthansa should reinstate the arrangements in June 2024 that provided feeder traffic to Condor to and from Frankfurt, which ceased to apply in December. Without the arrangements, Condor might not be forced to exit the Frankfurt-New York route, the Commission said

(Reporting by Charlotte Van Campenhout; editing by Philip Blenkinsop)

Recommended for you

  • Novo Banco owners to receive $1.34 billion when bank makes first dividend payment

  • Bank of England to cut interest rates four times this year - Reuters poll

  • Russia launches new missile barrage at Ukraine, targets gas infrastructure