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.

Germany's Lufthansa Group said it had submitted a package of remedies to the European Commission needed to secure EU antitrust approval to take a minority stake in Italy's ITA Airways, bringing it a step closer to closing the deal.

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

Italy's Treasury said late on Monday it sent to the European Commission the package of remedies needed to secure EU antitrust approval for the tie-up between ITA Airways and Germany's Lufthansa. The German carrier is looking to acquire a 41% stake in state-owned ITA but the deal was put on hold last week due to a dispute between the Treasury and Lufthansa over the agreed price.

The Italian Ministry of Economy and Finance has revealed that it has reached a deal with Germany's Lufthansa Group for a 49% stake in ITA Airways. View on euronews