Lufthansa CEO Says Not In Talks Over Acquisition Of SAS
March 11 2010 - 5:59AM
Dow Jones News
German flagship airline Deutsche Lufthansa AG (LHA.XE) isn't in
talks about acquiring Skandinavian competitor SAS AB (SAS.SK),
Chief Executive Wolfgang Mayrhuber said Thursday.
"There are no talks," Mayrhuber told reporters at the company's
annual press conference in Frankfurt.
SAS has previously said it would be open for an purchase by
another airline or a merger with a competitor, as the deterioration
of trading conditions in the aviation industry make it difficult to
survive on a stand-alone basis.
Company Web site: www.lufthansa-financials.com
-By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503;
jan.hromadko@dowjones.com