Lufthansa said yesterday that it has no plans to exercise its right to buy back shares as foreign control of the German flag carrier exceeded 40% for the first time. Under European law, a company would forfeit its operating license and rights to fly to destinations outside Europe if foreign shareholders hold the majority of its capital, Lufthansa said. The German Aviation Compliance Documentation Act and the German Stock Corporation Act authorize LH to buy back shares "to prevent imminent ...

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