综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Lufthansa negotiates takeover of Swiss Air
(Agencies)
Updated: 2005-03-14 09:10

German carrier Lufthansa said Sunday it was negotiating with Swiss International Air Lines about a possible takeover of the money-losing carrier.

In a statement, Lufthansa described the talks as "constructive" and said the two companies had come up with a business plan to integrate Swiss into its operations. It said "pillars" of any deal would be keeping Switzerland's air connections and the Swiss brand.

An airplane of the German airline Lufthansa rolls in front of an airplane of the Swiss International Air Line, on Unique Zurich Airport in Kloten, Switzerland, June 4, 2004 file picture. [AP/file]

"The business plan that has been developed by the two companies must still be approved by the Lufthansa board of directors, the board of Swiss and Swiss shareholders," the statement said.

Should the plan meet with board approval, Lufthansa said it would make an offer to buy out smaller investors based on Swiss stock's average price in recent weeks.

Swiss posted a net loss of 140 million francs ($118 million) for 2004, compared with a loss of 687 million francs in 2003. The company released audited results for 2004 on Friday, in line with the unaudited figures it issued last month.

The company has suffered massive financial problems since it was created out of the defunct Swissair in 2002, and has announced a string of cost-cutting programs.

Only Friday, Swiss CEO Christoph Franz said the company needed to return to profitability before making a deal with another airline.

Still, speculation of a merger has prompted Swiss' shares to climb. The stock closed up 19.5 percent at 10.40 francs on Friday in Zurich.

Close

Today's Top News     Top World News
Chinese scientists conduct HIV vaccine test         Court gets back power of death reviews         Perform vital mission, Hu tells military         Safety watchdog to be given more power         Wen lauds Tung's role in HK's development         EU firm on ending China arms embargo	New talks planned on Israeli West Bank pullback       Iran: U.S. 'hallucinating' over nuclear talks       Saudi police kill suspected militant       Syria to pull 1/3 of its forces from Lebanon       OPEC expected to maintain production quota       Bush attacks social security 'scare ads'