Lufthansa nears Austrian Airlines decision

LUFTHANSA has confirmed that it has been offered more than 85% of Austrian Airlines' shares, meeting one of the conditions it set for its takeover of the Austrian state carrier.  The European Commission is expected to rule on the purchase by 17 June, an objection being made by Air France-KLM.  The success of the bid would leave the German airline controlling Air Dolomiti, Eurowings (49%), Germanwings, Lufthansa CityLine and Lufthansa Italia and SWISS, plus a 30% interest in bmi.  The takeover would make Lufthansa Europe’s largest airline with a combined fleet of over 500 aircraft.  The airline's bid for Brussels Airlines is with the EU and its takeover of bmi has been cleared by the Commission but has not been confirmed by the two carriers. www.lufthansa.com

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