Hats off to the team at CAPA for their "scoop" this morning about Lufthansa buying Air France, along with a series of other fantastic breaking stories.
To give you a flavour, here's the Lufthansa-Air France story.
"In breaking news, Lufthansa is to acquire a majority shareholding in British Airways and Air France. The move is designed to simplify the European aviation network and help rationalise the airport hub system. Lufthansa CEO, Wolfgang Mayrhuber, said "we've bought nearly everyone else in Europe and these two were sticking out like sore thumbs. This way we can combine our flight attendant unions and have much more impressive strikes too." A European Commission spokesman, asked about the competition implications of the purchase, suggested the Commission would look favourably on the acquisitions, saying "we are getting really fed up with all these applications for antitrust immunity and this should make the whole thing a lot easier for everyone". SAS CEO, Mats Jansson, when asked for comment, said "we are awfully peeved that we are now the only ones who haven't been bought. We could bring another 30 unions to the party, so I really don't understand why we are being left out." No new theme tune has yet been announced for the mega-airline."
I'd strongly recommend going to the full article for some more of today's astounding market updates.
Seen any other amazing aviation stories today? Please share the links with other AB Blog readers by posting a comment below.
on April 1, 2010 8:34 PM | Reply
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