The European Commission Friday officially approved Lufthansa's proposed acquisition of Austrian Airlines Group, saying LH alleviated antitrust concerns by agreeing to reduce service between five European cities and Vienna. Separately, AAG announced draconian cuts to its management structure (see item below). The EC, which previously signaled its intention to grant approval (ATWOnline, Aug. 3), cleared both the proposed merger and €500 million ($713 million) in restructuring assistance ...

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