Lufthansa announced the payment of an approximately CHF269 million ($267.5 million) out-performance option to the former majority shareholders of Swiss International Air Lines. Combined with the fee LH paid for approximately 15% of Swiss's equity in 2005, the price for the complete acquisition now stands at some CHF339 million. LH said the out-performance option payout level depended on the performance of LH shares compared to those of British Airways, Air France KLM and Iberia. LH shares ...

Subscribe to Access this Entire Article

"Lufthansa completes Swiss acquisition with out-performance payout" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.