Lufthansa CEO Says Not Talking To SAS Over BMI Stake
March 11 2009 - 7:28AM
Dow Jones News
German flag airline Deutsche Lufthansa AG (LHA.XE) hasn't held
talks with SAS AB over its stake in U.K. carrier British Midland
Airways, or bmi, Chief Executive Wolfgang Mayrhuber told
journalists Wednesday.
Lufthansa owns a 30% minus one share stake in bmi but intends to
raise the stake to 80% by acquiring 50% plus one share from bmi
founder Sir Michael Bishop.
SAS owns the remaining 20% in bmi.
"As long as we don't hold a majority on bmi there's no need to
seek talks (with SAS)," Mayrhuber said.
Company Web site: www.lufthansa-financials.com
-By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503;
jan.hromadko@dowjones.com