Loading
23-Aug-2011 12:18 PM

Lufthansa not currently considering investing in SAS Group. Open to selling bmi

Lufthansa executive Stefan Lauer said the airline is not currently considering a move for SAS Group as the Nordic carrier’s government investors look to dispose of stakes (Bloomberg, 22-Aug-2011). “We are busy enough with the companies that we’ve bought in Europe. I don’t think this is the time to think about anything else,” he said. Mr Lauer added the carrier remains open to disposing bmi if a sale makes sense “in the total picture. He noted that bmi has been hit “particularly hard” by weakening traffic prompted by unrest in the Middle East, and Lufthansa does not exclude any options for the division.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More