EU: Lufthansa Makes New Antitrust Offer On Austrian Air
July 28 2009 - 4:21AM
Dow Jones News
The German flagship carrier Lufthansa (LHA.XE) has made a new
antitrust offer to the European Commission regarding its planned
takeover of the troubled Austrian Airlines AG (AUA.VI) to ensure
that all competition concerns are met, the European Commission said
Tuesday.
The commission will now "market test" this proposal, asking
competitors and other affected parties whether the offer is
sufficient to remove competition bottlenecks, the commission said
in an emailed statement.
Lufthansa has also applied with the Austrian Takeover Commission
to extend the deadline by which it has to meet takeover conditions
to Aug. 31 from the initial deadline of July 31.
-By Peppi Kiviniemi, Dow Jones Newswires; +3227411483;
peppi.kiviniemi@dowjones.com