Lufthansa Looking To Sell Luxair Stake

Lufthansa has confirmed it intends to sell its 13 per cent stake in Luxembourg carrier Luxair.

Lufthansa has confirmed it intends to sell its 13 per cent stake in Luxembourg carrier Luxair.

A spokesman for the German flag carrier said that it had raised the scenario of selling the stake it has held since 1992 with shareholders on Wednesday (July 1).

Luxembourg's infrastructure minister Francois Bausch confirmed to the country’s parliament that he had received a letter from Lufthansa stating its intention to sell.

Luxembourg’s government, the largest shareholder in Luxair with a 39 per cent stake, didn’t state what the outcome of any sale would have on the airline.

TAGS: Europe
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