LH confirms AZ bid
Oct 16, 2017, 10:04 am
#1
Original Poster
Join Date: Oct 2009
Location: SJJ/AMS
Posts: 4,647
LH confirms AZ bid
Let's discuss the very latest developments here.
https://newsroom.lufthansagroup.com/...6-704bed9a4929
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https://newsroom.lufthansagroup.com/...6-704bed9a4929
G
Oct 16, 2017, 1:14 pm
#2
Original Poster
Join Date: Oct 2009
Location: SJJ/AMS
Posts: 4,647
AZ has just announced (through a press release) that a total of 7 offers were received. We know for certain that LH made an offer and U2 has also confirmed to have approached the struggling Italian carrier whereas rumours indicate that DL might be amongst the interested parties.
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Oct 16, 2017, 4:04 pm
#3
Join Date: Feb 2005
Location: Toronto (YYZ)
Posts: 6,279
The Italian daily Corriere della Sera reported earlier Monday that Lufthansa was preparing a 500 million-euro bid.
http://www.cbc.ca/news/business/luft...sale-1.4356623
http://www.cbc.ca/news/business/luft...sale-1.4356623
Oct 17, 2017, 4:32 am
#4
Moderator: Aegean Miles+Bonus
Join Date: Oct 2009
Location: AMS / ATH
Programs: AFKL Plat, A3 Gold
Posts: 7,338
Interesting piece of info for anyone hesitant to purchase AZ flights:
The Italian government has extended 600 million euros ($885 million) in bridge loans, plus another 300 million euros last week to keep the airline operating through next summer — the time expected to get the airline back on its feet under a new owner.