FRANKFURT, Dec 13 (Reuters) - Overseas buyers will be capable to purchase limitless stakes within t
FRANKFURT, Dec 13 (Reuters) – Overseas buyers will be capable to purchase limitless stakes within the holding firm proposed by Germany’s largest airline Lufthansa LHAG.DE, German journal Der Spiegel reported on Friday.
Spiegel stated the brand new construction proposed by Lufthansa was aimed toward attracting extra capital from overseas as at current the vast majority of the airline have to be German-owned as a way to retain its flying rights in lots of international locations.
Lufthansa stated on Wednesday it was planning to undertake a holding construction and handle its core model individually, following stress from buyers to simplify its operations and enhance effectivity.
A Lufthansa spokesman on Friday confirmed it was planning to spin off its airline operations to a basis, which in flip could be managed by a holding firm.
Supporters of a holding construction cite the instance of IAG ICAG.L, which runs British Airways, Iberia, Vueling and Aer Lingus as separate revenue centres.
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