Lufthansa suspended talks regarding a possible takeover of SAS Group (ATWOnline, Sept. 24), Germany's dpa news agency reported, citing sources close to the negotiations who said a steep loss at SAS subsidiary Spanair is a primary reason for the retreat. An LH spokesperson contacted by ATWOnline would not comment on the report. LH Chairman and CEO Wolfgang Mayrhuber said several weeks ago that "many carriers" have approached him about investment but that "our resources have a limit." LH holds ...

Subscribe to Access this Entire Article

"Lufthansa reportedly backs off SAS purchase" 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? ATWPlus@penton.com.

Already registered? here.