Lufthansa Had No Plans to Buy Austrian Airlines
Both companies are already benefiting from their existing cooperation as members of the global airline group Star Alliance.
Deutsche Lufthansa AG said it has no plans to buy Austrian Airlines (AUA), rejecting market speculation it is to launch a bid for the carrier.
´There are no plans for Lufthansa to take a stake in AUA,´ said a spokesman for the German airline. He added both companies are already benefiting from their existing cooperation as members of the global airline group Star Alliance. A ustrian Airlines´ chief executive Alfred Oetsch said in February he ruled out a takeover of his firm by another carrier within the next five years, and vowed to ´keep AUA independent´.
News stories provided by third parties are not edited by "Site Publication" staff. For suggestions and comments, please click the Contact link at the bottom of this page.
We Recommend
-
Press Release
Lufthansa Technik Budapest and Austrian Airlines Sign Maintenance Contract
Lufthansa Technik Budapest (LTB) and Austrian Airlines AG (AUA) have signed a three-year contract regarding heavy maintenance checks for 20 Airbus A320.
-
News
Asiana Airlines and Lufthansa Technik Extend and Expand Cooperation
The two companies have extended and significantly expanded their existing Total Component Support TCS® agreement for the airline's fleet of Airbus A320 and Boeing 737 aircraft for 10 years.
-
Press Release
Saudi Arabian Airlines Optimizes MRO Processes with IT from Lufthansa Systems
The SAP Enterprise Resource Planning platform (SAP ERP) will be the foundation of this new IT landscape.
-
News
Lufthansa and Deutsche Post to create joint cargo carrier
AIRLINE INDUSTRY INFORMATION-©1997-2007 M2 COMMUNICATIONS LTD German airline Lufthansa's air freight division and the German mail and logistics group Deutsche Post have applied for approval...
