Lufthansa-Panasonic tie-up cleared

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European Commission regulators have approved the creation of a cabin systems venture between Lufthansa Technik and US-based Panasonic Avionics.

The venture, branded Idair, will engage in design, manufacture and supply of specialised aircraft cabin equipment.

In a statement the Commission says it "has granted clearance" to the tie-up, which was examined under its simplified merger review procedure.