28-Jul-2009 1:23 PM
Lufthansa dips as it prepares to offer concessions for the takeover of Austrian
Analysis
Shares in Lufthansa lost 1.0% yesterday, as the carrier reportedly announced plans to offer slot concessions to secure European Commission (EC) approval for the proposed takeover of Austrian Airlines. Lufthansa is reportedly prepared to give up six of its ten slots between Vienna and Frankfurt to gain approval, so "in principle, everything is still possible," according to EC Competition Commissioner, Maria Javorova.
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