Lufthansa Can't Confirm Report On Austrian Air Concessions
July 16 2009 - 3:27AM
Dow Jones News
German airline Deutsche Lufthansa AG (LHA.XE) said Thursday it
can't confirm a report in Austrian newspaper Der Standard saying
Lufthansa has made more concessions in its bid to get European
Commission clearance of its planned takeover of Austrian Airlines
AG (AUA.VI).
Earlier Thursday the paper cited unnamed commission sources as
saying Lufthansa has submitted a revised offer, which includes
dropping flights between Vienna and Frankfurt and Vienna and
Geneva.
Last week a commission spokesman said clearance of the deal was
unlikely before the end of July, a deadline Lufthansa has said
would be paramount to follow through with the acquisition.
Company Web sites: www.lufthansa-financials.com; www.aua.com
By Kirsten Bienk, Dow Jones Newswires; +49 69 29 725 511;
kirsten.bienk@dowjones.com