Ryanair has said it is prepared to recognise pilot unions as it seeks to avoid strike disruption over the Christmas period.
Earlier this week, 79 Dublin-based Ryanair pilots said they would strike for one day on December 20.
The airline was also facing action by pilots elsewhere in Europe.
Ryanair has never recognised unions, but it said it would change this policy in order to avoid disruption to flights and passengers in Christmas week.
It has written to pilot unions in Ireland, the UK, Germany, Italy, Spain and Portugal inviting them for talks.
Ryanair's share price fell 8.6% after the invitation to talks became public, amid investors' fears that any change could push up costs.
Pilots in Italy had been due to strike on Friday for four hours, between 13:00 and 17:00 CET (12:00-16:00 GMT).
However, following receipt of the letter from Ryanair, the main pilots' union, Anpac, said it had suspended its walkout, reports BBC.
Chief executive Michael O'Leary said "Christmas flights are very important to our customers and we wish to remove any worry or concern that they may be disrupted by pilot industrial action next week."
"If the best way to achieve this is to talk to our pilots through a recognised union process, then we are prepared to do so."