CK
ScanFlyer Mile High Club
LH kjøper Swiss
Swiss, Lufthansa strike informal deal - report
(Source : Reuters, February 10, 2005)
Lufthansa and swiss have struck a conditional, informal deal that could lead to the German carrier taking over its smaller rival, a Swiss magazine said. 'In the best of cases, an official announcement of the buy out could happen... in autumn and would translate into an integration of the two companies' operations by the 2006 summer timetable,' Swiss Bilan magazine said in this week's edition, citing 'various sources'. Swiss and Lufthansa said they did not comment on market speculation. Swiss would first have to raise at least CHF300m (US$247m) in a recapitalisation, become more productive by reaching an agreement with its pilots and ground staff and end leasing contracts on planes. Speculation that the two carriers may link up has flared since swiss failed to join the oneworld in June last year.
Full Story: http://news.airwise.com/story/view/1108062383.html
Swiss, Lufthansa strike informal deal - report
(Source : Reuters, February 10, 2005)
Lufthansa and swiss have struck a conditional, informal deal that could lead to the German carrier taking over its smaller rival, a Swiss magazine said. 'In the best of cases, an official announcement of the buy out could happen... in autumn and would translate into an integration of the two companies' operations by the 2006 summer timetable,' Swiss Bilan magazine said in this week's edition, citing 'various sources'. Swiss and Lufthansa said they did not comment on market speculation. Swiss would first have to raise at least CHF300m (US$247m) in a recapitalisation, become more productive by reaching an agreement with its pilots and ground staff and end leasing contracts on planes. Speculation that the two carriers may link up has flared since swiss failed to join the oneworld in June last year.
Full Story: http://news.airwise.com/story/view/1108062383.html