LTU says in talks over Air Madrid SAmerica routes, but acquisition not planned |
|
|
|
Published
:
Tue, 09 Jan 2007 18:21
|
FRANKFURT - German charter airline LTU said it is in talks over operating Air Madrid's South American routes, but reiterated that a takeover of the Spanish no-frills carrier is not planned.LTU chief Juergen Marbach said his company is in 'intensive talks' with investors and authorities in Spain about plans to set up a new company that could take on Air Madrid's South American routes in the short term.But 'a takeover of Air Madrid by LTU is still out of the question', Marbach said in a statement.Earlier, Spain's Public Works Ministry said it is 'closing a deal' forLTU to take over Air Madrid's routes and the majority of its workforce.A ministry spokeswoman said the agreement is nearly finalised, but declinedto confirm details.Air Madrid filed for bankruptcy in December after abruptly suspendingoperations shortly before the Spanish government was set to revoke the airline'slicence because of safety breaches.newsdesk@afxnews.comjfb/lamCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2792.28 |
22.57 (
0.81 %)
|
| SYMBOL (
2012-01-19 ) |
| LAST |
CHANGE
|
|
CARNIVAL
(
11:35am )
|
|
2017.00 |
46.00 (
2.42 %)
|
|
WHITBREAD
(
11:35am )
|
|
1662.99 |
33.99 (
2.09 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
IBM
(
12:34pm ) |
|
181.50 |
0.43 (
0.24 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
|
Print this Story
62.72% O2 shareholders OK Telefonica’s takeover offer 