Lufthansa may take over SAS
Lufthansa is examining a takeover of Scandinavia's SAS to bolster its position in Europe’s consolidating airline industry.
By Agencies |
FRANKFURT: Lufthansa is examining a takeover of Scandinavia���s SAS to bolster its position in Europe���s consolidating airline industry, sources said.
���Exclusive negotiations are being held,��� one of the sources said, adding that loss-making SAS had approached Lufthansa about a possible deal in May.
But the sources stressed that a takeover of SAS was not a foregone conclusion. A tie-up would strengthen the airlines��� dominance of routes between Germany and Scandinavia and provide feeder traffic for Lufthansa���s hubs.
���Exclusive negotiations are being held,��� one of the sources said, adding that loss-making SAS had approached Lufthansa about a possible deal in May.
But the sources stressed that a takeover of SAS was not a foregone conclusion. A tie-up would strengthen the airlines��� dominance of routes between Germany and Scandinavia and provide feeder traffic for Lufthansa���s hubs.
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