Lufthansa Taking Rest of Swiss Shares

Published: 26/06/07

Lufthansa, who took over Swiss International Air Lines almost 18 months ago are to buy the remaining shares in the operator as of 1 July.

The chairman of Lufthansa is delighted with the performance of Swiss, acknowledging the business model as a success and stating how the airline is still growing and developing very well. There are no plans to change the brand identity since it brings with it particular strengths and assets that will allow it to continue growing.

Part of the development of Swiss, with the funding of Lufthansa in place, is the addition of more aircraft to the fleet, with three Airbus A340 replacing two older A330 planes. There will also be an expansion of their flights to Los Angeles, Santiago and Johannesburg, to a daily service. These developments will help strengthen the Swiss brand and make a significant contribution to the Lufthansa balance sheet.

Author: airlinenews@googlemail.com