EU probes Lufthansa takeover of Austrian Airlines

FULL ARTICLE AT Deutsche Welle
2009-07-02 09:54:04
\”The Commission has decided to open an in-depth merger investigation into Lufthansa’s takeover of Austrian Airlines because it has serious concerns that the result for passengers could be higher prices or reduced services on certain routes,\” European…

EU May Delay Lufthansa-Austrian Deal

FULL ARTICLE AT AirGuideOnline
2009-06-29 22:06:29
The European Union will ask Lufthansa for more concessions to approve the carrier’s purchase of Austrian Airlines, Austrian government sources said Monday, possibly putting the deal at risk.
The sources familiar with the situation said it was looking…

Austrian fears potential postponement of Lufthansa takeover

FULL ARTICLE AT ATWOnline
2009-07-01 02:49:50
Austrian Minister of Finance Josef Proell said this week that \”the situation facing Austrian Airlines Group is too serious to delay a decision from the EU regarding the takeover by Lufthansa,\” Der Standard reported as speculation increased that the EU…

Lufthansa’s Acquisitions Draw ‘Sell’ Call

FULL ARTICLE AT AirGuideOnline
2009-06-29 14:25:20
Progress by Lufthansa towards sealing acquisitions drew doubts on Monday about whether consolidation will help the company boost its earnings amid a weak economic environment.
The airline obtained permission from EU antitrust authorities to buy…

Lufthansa Ups 2009 Fuel Bill Estimate

FULL ARTICLE AT AirGuideOnline
2009-06-29 14:28:47
Lufthansa now sees its 2009 fuel costs reaching EUR3.55 billion euros (USD$4.92 billion), more than its previous estimate of EUR3.4 billion published in April.
Rising fuel costs are a challenge for the company and the industry as a whole, slides for a…

Lufthansa fares well in turbulent times

FULL ARTICLE AT Irish Times
2009-06-26 00:31:51
THESE ARE turbulent times for airlines, but May, at least, appears to have been a strong month for Lufthansa, which increased traffic on its Dublin to Frankfurt route by 4.5 per cent year on year.
Marianne Sammann, Lufthansa’s general manager for the…

Lufthansa Economy Class Stable As Premium Dives

FULL ARTICLE AT AirGuideOnline
2009-06-29 14:30:46
Lufthansa said demand for economy class air tickets had been steadying over the past few months but premium travel continued its nose dive.
To cope with weak bookings, Lufthansa has so far this year cut the number of seats it offers at its passenger…

EU delays ruling on Lufthansa-AUA deal: report

FULL ARTICLE AT EUbusiness
2009-06-29 14:32:28
(VIENNA) - The EU Commission is split over Lufthansa’s takeover of Austrian Airlines and the long-expected ruling on the deal has been delayed by another two weeks, the daily Der Standard reported on Monday.
Originally, Brussels had been scheduled to…

EC extends Austrian/Lufthansa investigation; focus is on concessions

FULL ARTICLE AT ATWOnline
2009-07-02 02:44:15
The European Commission extended the deadline of its investigation into the takeover of Austrian Airlines Group by Lufthansa by at least 14 days, or up to a maximum 90 days although a decision is expected to come in about two weeks.
Sources close to…

Lufthansa Expansion Gains Momentum

FULL ARTICLE AT Aviation Week
2009-06-22 21:28:40
Lufthansa’s ambitious expansion plan was boosted yesterday when the European Commission approved its proposed takeover of Brussels Airlines and BMI CEO Michael Bishop agreed to sell his controlling stake in return for 223 million pound (US$364 million)….