Lufthansa not aiming to acquire rivals during crisis - CEO

Tuesday, 05. May 2020 13:22

Deutsche Lufthansa AG is not planning to buy any rivals nor sell any subsidiaries, except its catering activities, during the ongoing coronavirus crisis, airline's chief executive Carsten Spohr said on Tuesday.

"Our focus is on stabilizing Lufthansa in its current form and not on acquiring other airlines. We are not planning a takeover at this time," the executive stated.

Media previously reported that the airline is close to reaching an agreement on state aid with the German government.

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Breaking the News / MD