Lufthansa, Europe’s second biggest airline, has said it will proceed with takeovers of Belgian and UK carriers by early next month after settling antitrust issue and transaction terms. Lufthansa aims to complete the purchase of 45 per cent of Brussels Airlines in June, and is sticking to plans for complete control by 2011, following European Union approval after the carriers agreed to scale back services on three German routes serving Brussels as well as Brussels-Zurich flights to … [Read more...] about EUROPE & CIS: Lufthansa proceeds with Belgian, BMI purchases
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EUROPE & CIS: Lufthansa proceeds with Belgian, BMI purchases
Lufthansa, Europe’s second biggest airline, has said it will proceed with takeovers of Belgian and UK carriers by early next month after settling antitrust issue and transaction terms. Lufthansa aims to complete the purchase of 45 per cent of Brussels Airlines in June, and is sticking to plans for complete control by 2011, following European Union approval after the carriers agreed to scale back services on three German routes serving Brussels as well as Brussels-Zurich flights to … [Read more...] about EUROPE & CIS: Lufthansa proceeds with Belgian, BMI purchases
Lufthansa may walk away from BMI deal
Lufthansa has indicated it may walk away from its takeover deal for BMI, over the issue of capital restructuring, according to a Financial Times report. If successful it will own about 80 per cent of shares, but obstructing the deal is the issue of who will pay for the capital restructuring, with BMI management saying it's not needed. The German carrier is also said to be seeking up to €500 million in 'restructuring' aid. … [Read more...] about Lufthansa may walk away from BMI deal
