CEO impressed with SAS turnaround; bid is possibility
Lufthansa’s chief executive, Christoph Franz, says that a bid for fellow Star Alliance member SAS is a possibility. The Lufthansa group of airlines has for years been viewed as the main contender to buy the pan-Nordic carrier.
“The chief executive, Rickard Gustafson, has really done an impressive job. SAS has made a lot of improvements to the company,” Franz told the newspaper Svenska Dagbladet.
“It means that we could perhaps consider once again whether an acquisition could be possible.”
He was elusive on whether talks had already started with Sweden, Denmark and Norway, which together control 50% of SAS.
“I’m not answering yes or no to that question. I’ll only say that I’m very impressed by what SAS has done in the past year,” he said. “A Lufthansa purchase of SAS is something that has been discussed back and forth for many years. […] A few years ago, a deal was nearly made but it fell apart, partly due to SAS’s bad finances.”
AFP / The Local
[photo courtesy SAS]