Connect with us


Lufthansa’s CEO says it is premature to discuss a possible takeover of Portugal’s TAP

Lufthansa’s CEO says it is premature to discuss a possible takeover of Portugal’s TAP


ISTANBUL, June 4 (Reuters) – Lufthansa ( LHAG.DE ) Chief Executive Carsten Spohr said on Sunday it was too early to discuss the German airline group’s potential interest in acquiring Portugal’s TAP as the Portuguese government is still debated the privatization process.

Portugal wants to keep a strategic stake in state-owned airline TAP and will not offer all of its capital in a future privatisation, the country’s secretary of state for finance, Joao Nuno Mendes, said on Friday.

“There are still discussions in Portugal about how that privatization will be done, and it is not supposed to be 100 percent privatization,” Spohr told reporters at the annual meeting of the International Air Transport Association in Istanbul.

At least three major global carriers, Lufthansa, Air France-KLM ( AIRF.PA ) and British Airways owner IAG ( ICAG.L ), have shown interest.

Lufthansa said last month it was taking a 41% stake in Italian carrier ITA Airways in the latest major consolidation in Europe’s aviation sector.

Spohr noted that the deal was still subject to European Commission approval, but said that once signed, ITA Airways would be included in the Lufthansa group’s global sales contracts to help it boost its revenue.

He added that a number of planes were still stranded due to supply chain issues – at least 10 across the fleet – and that initial deliveries of the Boeing 777X were expected in early 2025.

“Boeing is saying it will ship in late ’24 or early ’25 — which means it’s early ’25,” Spohr said.

Reporting by Joanna Plucinska and Tim Hepher; Editing by Susan Fenton

Our standards: Thomson Reuters Fiduciary Principles.

Joana Plucinska

Thomson Reuters

Joanna reports on airlines and travel in Europe, including tourism trends, sustainability and policy. She was previously based in Warsaw, where she covered politics and general news. She wrote stories about everything from Chinese spies to migrants trapped in forests along the Belarusian border. In 2022, she spent six weeks covering the war in Ukraine, focusing on the evacuation of children, war reparations and evidence that Russian commanders knew of sexual violence by their own troops. Joanna graduated from Columbia Journalism School in 2014. Before joining Reuters, she worked in Hong Kong for TIME and later in Brussels reporting on EU technology policy for POLITICO Europe.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]