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European consolidation moves gather new pace

Star Alliance carrier Lufthansa lodging a fresh concessions offer to European regulators over its move to takeover Austrian Airlines could be taking the German airline closer to completing its planned consolidation moves.

Lufthansa has been trying to obtain clearance to buy Austrian to meet an end of July deadline, but has been locked in a stand-off with the European Commission after regulators ruled the German airline’s proposals did not go far enough to allay competition concerns. The EC has been looking at the planned acquisition since February after raising concerns Austrian was not being sold to Lufthansa at a fair price, and that the privatisation procedure has not been sufficiently transparent.

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This entry was posted on Monday, July 20th, 2009 at 7:29 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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