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Lufthansa eyes acquisitions during crisis

29 January 2009

German flag carrier Deutsche Lufthansa still plans to invest in acquisitions to be ahead of the game when the global economic crisis ends, supervisory board Chairman Juergen Weber said.

Lufthansa is currently taking a breather after an acquisition spree last year, in which it set out plans to buy Brussels Airlines and Austrian Airlines, cutting the number of large independent airlines in Europe.

Scandinavian airline SAS is a potential target, while Spain’s Iberia could become available in the longer term if its merger talks with British Airways come to nothing.

source: Reuters

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