Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | News   |  Business News 
SEARCH
  News & Commentary
  News
  Reviews
  Columnist Articles
  RSS News
  Economy
  Economic Charts
  Financial Calendars
  Banking & Loans
  Loan Rates
  Deposit Rates
  Rate Alert
  Banking Top Rating
  Education
  Banking
  Investing
  Stock Brokerage
  Dictionary
  Financial Directory
  Banking
  Funds
  Insurance
  Stock Brokerage
  Billing
  My FinanceGates
  Register
  Sign In



Market News Insurance Billing
Banking Business News World News
Funds Brokerage

Wednesday March 23, 08:29
Lufthansa to take over Swiss carrier
(by Dr.Goldfinger)

 Send link to friend
Lufthansa to take over Swiss carrier The biggest airline group for Germany Lufthansa said it will take over the loss-making Swiss carrier Swiss International Air Lines after last night’s approval from the boards and the Swiss government.

The deal may form the biggest airline corporation for Europe. The bid will cost Lufthansa between SFr70m and SFr460m ($59m-$390m) depending on the performance of the Lufthansa share price.

"Lufthansa will further expand its position as an internationally leading network carrier by integrating Swiss," the company said in a statement.

The deal is expected to save about 160 million euros for Lufthansa a year beginning in 2007.

Swiss International Air Lines is owned by the Swiss government and cantons, as well as UBS and Credit Suisse banks, and Swiss corporations including Nestle and Novartis.
All business news
Read the related news and articles:
24 Mar 2005 09:12 AM Update 1: Swiss carrier takeover to lift Lufthansa's profits
14 Mar 2005 08:40 AM Lufthansa in takeover talks with Swiss International
31 Jan 2005 06:41 AM MERRILL LYNCH RAISED LUFTHANSA TO "BUY" FROM "NEUTRAL"
 


   KEYWORD SEARCH

KEYWORDS:
   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.
ABOUT US
PARTNERSHIP
ADVERTISING
LEGAL DISCLAIMER
PRIVACY POLICY
CONTACT US
LINKS
RSS NEWS


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2012. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.