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Company Watch - Lufthansa.

Jan 22, 2007

Boeing has orders for 24 747-8 Intercontinentals: four from Boeing Business Jet, which will fit them out for unnamed private customers, and 20 from German flag-carrier Lufthansa, placed last month. Jan 19, 2007

Lufthansa flew 8.28 billion RPKs in December, a 7.4% rise from the year-ago month. Capacity climbed 5.3% to 11.4 billion ASKs and load factor rose 1.4 points to 72.6%. Jan 11, 2007

Lufthansa said the SAS takeover talk was "all speculation" and that it had not given Goldman Sachs a mandate for any merger and acquisition transaction. A spokesman for SAS said he was not aware of any bid approaches. A Lufthansa spokesman said Goldman was advising KarstadtQuelle after the German retailer agreed to buy out joint venture partner Lufthansa's stake in tourism firm Thomas Cook for EUR800 million (USD$1.04 billion) last month. Given the involvement of the three governments in SAS, any selloff in the airline is expected by analysts to be complicated. This is also because Norway has been against any sale of its stake. Jan 9, 2007

SAS and Lufthansa played down market speculation of merger talks on Tuesday, speculation which sent SAS shares up more than 5 percent. The rumors were a repeat of talk which emerged in September last year after the new Swedish government named SAS as a potential privatization target. Jan 9, 2007 01/22/2007

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Jan 8, 2007
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Publication:Airguide Online
Date:Jan 22, 2007
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