| Author (Person) | Done, Kevin, Wiesmann, Gerrit |
|---|---|
| Series Title | Financial Times |
| Series Details | 20.5.09 |
| Publication Date | 20/05/2009 |
| Content Type | News |
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Lufthansa is set become Europe’s biggest airline, overtaking Air France-KLM, as it takes over a string of struggling rivals. It believes the acquisitions will leave it ideally placed to be a leading force in the eventual consolidation of the global airline industry, when present regulatory constraints are removed. Air France pioneered the wave of aviation restructuring in Europe with its acquisition of KLM of the Netherlands in 2004, the first takeover of a European flag carrier, but it is Lufthansa that is now setting the pace, and its appetite is far from satisfied. |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe, Germany |
