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Lufthansa wants to be in battle-ready state in case merger with Turkish happens

Nov 18, 2012 10:46 am

Skift Take

Looks like the Lufthansa-Turkish merger or deeper strategic tie-up is very likely going to happen, as both sides are getting ready for it.

— Rafat Ali

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German flagship carrier Deutsche Lufthansa is shaping up its business to have an equal footing should it take part in any global merger talks in the future, its chief executive told a German paper.

“Should there be negotiations over mergers across continents in the future, we want to be at the table, but at eye level,” CEO Christoph Franz told Frankfurter Allgemeine Sonntagszeitung in an interview published on Sunday.

The chairman of Turkish Airlines said last week that talks with Lufthansa over furthering their cooperation will begin next month.

Speculation about plans for deepening ties between the two airlines was triggered this month when Turkish Prime Minister Tayyip Erdogan said he had agreed with German Chancellor Angela Merkel to “joint management” of the companies.

The Lufthansa CEO said in the interview that it was too early to comment on Turkish Airlines.

Lufthansa last month said it would widen its cost-cutting drive to counter rising fuel prices and sluggish growth in its core market.

(Reporting by Ludwig Burger; Editing by David Cowell)

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