Lufthansa cancels sale of shares in maintenance division
Lufthansa intends to retain its maintenance division in its entirety. The plan to sell a minority stake in Lufthansa Technik will not be pursued further, the company announced on Thursday. Instead, the growth plans developed in recent months are to be implemented independently.
The Lufthansa Group actually wants to concentrate more on its airlines and thus on its core business and had therefore also planned a partial sale of its maintenance division. As recently as October 31, the company completed the sale of the in-flight catering division LSG Group to the financial investor Aurelius, which was agreed in April.
Despite the cancellation of the share sale, Lufthansa continues to offer crucial air traffic services through its maintenance division. The focus on airlines and core business has led to the abandonment of external involvement in the maintenance division, showing Lufthansa's commitment to its internal services.
Source: www.dpa.com
