Etihad Airways does not intend to take a stake in Deutsche Lufthansa, although the airlines are exploring the possibility of expanding their recent cooperation agreement, stated James Hogan, the CEO of Etihad Airways.
Asked if Etihad would acquire Lufthansa, as reported in the press, Hogan replied: “No!”.
Asked about the role Lufthansa could play in the aviation sector’s consolidation process, the German company’s managers have repeatedly stated that the group is currently busy integrating the 38 aircraft and their crews, which it leased from Air Berlin, as well as taking over Brussels Airlines.
Any potential combination between Lufthansa and Etihad is likely to have an impact on the Italian company Alitalia, 49% owned by Etihad, which is in the middle of a major restructuring process that will include staff cuts.
Source: Economica
Frequently Asked Questions
Is Etihad Airways planning to buy a stake in Lufthansa?
No, Etihad Airways CEO James Hogan has officially denied rumors regarding the acquisition of a stake in Lufthansa.
What are Lufthansa’s current operational priorities?
Lufthansa is currently focused on integrating 38 aircraft leased from Air Berlin and finalizing the takeover of Brussels Airlines.
How does this situation affect Alitalia?
As Etihad owns 49% of Alitalia, any strategic move with Lufthansa could impact Alitalia’s ongoing major restructuring process.