Börse Express – ‘SZ’: Lufthansa and United are considering taking over TAP Portugal

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Lufthansa and your
United Airlines partner consider a press release
according to a takeover of the airline TAP Portugal. The
Negotiations with the current owners are still, however
not in the final stages and could still drag on, reported
the “Süddeutsche Zeitung” (Wednesday edition) without specifying
Swell. A Lufthansa spokesman declined to comment on that
Report. At United, there was initially no one to comment on
to reach.

TAP Portugal is currently half owned by the Portuguese state and
45 percent to the US airline entrepreneur David
Neeleman. The remaining five percent of society hold it
Employee. Neeleman has, among others, the US airline JetBlue and
the Brazilian company Azul was founded. He was with his
Investing in TAP never got happy and wanted his shares that way
Sell ​​as quickly as possible, the newspaper writes. The state too
had tried several times in vain to find a private investor for
to find his shares.

Lufthansa, United and TAP work in the aviation alliance Star
Alliance together. The included in it
Airlines had according to the “Süddeutscher Zeitung” on the
Long distances between Europe and Latin America recently market share
lost after their former partner TAM Brasil with LAN to Latam
Airlines merged into the Oneworld alliance for American
Airlines and the IAG companies British Airways
and Iberia switched.

Would TAP from Delta Air Lines and their
European partner Air France-KLM accepted,
the Star Aliiance would have another important one for these routes
Airline lost, in this case, to the third Sky Team alliance.

However, the newspaper is not doing well economically
writes of a “restructuring case”. In the past financial year
the company wrote with one of its 100 aircraft
Turnover of 3.3 billion euros, a net loss of around 96
Million Euros. Before interest and taxes, however, she made it in
In contrast to the previous year in the black.

Portuguese society connects Portugal to Europe where
they compete with low cost airlines like Ryanair
stands. It is also strong on the routes after
Represented Brazil, but competes there with the larger Latam
Airlines./stw/zb

 ISIN  DE0008232125  FR0000031122  ES0177542018  US9100471096  US2473617023

AXC0303 2020-02-25 / 20:24

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