FlyerTalk Forums - View Single Post - Lufthansa in talks with Etihad to buy parts of AB business
Old Dec 23, 2016 | 7:50 am
  #103  
MeltingAlf
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Originally Posted by ralfkrippner
Todays news from german news magazine Der Spiegel:

Rumors about EY to suggest a trade:
- EY to set AB debt free
- EY to pay some addtl. cash
- AB to be sold to LH for 1 EUR
- EY to get about 10% of LHs shares

A similar trade may be possible for AZ, as Der Spiegel reports.

LHs reaction to the reports: We've quite some job to do with the integration of 38 AB jets and the opening of an EW base in MUC; anything else is pure speculation.
It would be good to know eventually if EY to get 10% of LH through additional cash expense or in return for AB/possibly AZ assets.

Though admittedly 10% of LH is pretty a big amount, for someone like LH that seems to be resisting the ME3 so hard. Maybe LH wants to recruit EY to its side.
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