German airline Lufthansa AG said Monday it received unconditional approval from U.S. regulators for its planned $374.7 million takeover of Swiss International.
The Cologne-based airline still needs European regulatory approval before the deal - announced in March - can go through.
U.S. antitrust authorities gave their approval for Lufthansa to acquire Swiss International Airlines Ltd. over the weekend. European Union regulators are expected to make their decision next week.
Swiss has suffered massive financial problems since it was created out of Swissair in 2002, racking up losses of $1.64 billion so far.
Lufthansa has pledged to maintain the Swiss brand and run it as a separate Swiss-based airline operating from its hub in Zurich.
Lufthansa is Europe's third-largest passenger airline, behind British Airways and Air France-KLM, and flies to more than 330 destinations in 90 countries.
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