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Lufthansa declines to comment on report of SAS takeover

24-Dec-2010 11:13 AM

Lufthansa declined to comment on reports the carrier may announce plans to takeover SAS (Reuters, 23-Dec-2010). It has been reported that Lufthansa could takeover SAS as early as 1H2011 with talks pending with the governments of Sweden, Denmark and Norway, which together own half of the airline's stock (Bloomberg, 23-Dec-2010). With the rumoured acquisition, Lufthansa would strengthen its central European dominance and reduce flight times on some trans-Atlantic routes.