Lufthansa nears takeover of Swiss

Swiss International Air Lines would be acquired by Lufthansa but retain its independence "to the extent possible" under a plan being discussed by the companies. In a joint statement issued Sunday confirming media reports in Germany last week (ATWOnline, March 14), the two carriers said they are developing a business model that "aims at providing a concentration of the strengths of both airlines." The "cornerstones" of the acquisition include "maintaining the air traffic infrastructure ...