• Grain pain

    Corn crops could break records this year, but for farmers the bounty has a dark side.

  • Node joins TV revolution

    The movie-on-demand business has a new contender, says Arthur Goldstuck.

  • SA market needs Nokia

    A user says the brand should stay as it has great offerings at reasonable prices.

Loading...
See More

SAA takeover reports 'just gossip'

Mar 27 2013 10:07 James-Brent Styan
SAA

(Picture: Shutterstock)

Related Articles

Former SAA CEO removed from board

SAA, SABC could see restructuring

Troubled SAA may cut flight routes

Parliament uneasy about SAA

SAA board confident in new CEO

SAA slams attack on Nico Bezuidenhout

 

Cape Town - One of the world's leading airlines has denied an interest in taking over an equity stake in South African Airways (SAA).

Recent media speculation has been that the German airline and the South African government may have been considering an equity arrangement with regards to SAA.

Jens Bischof, member of the Lufthansa Passenger Airlines board, has poured cold water on this speculation.

"When it comes to this speculation, it appears it is mainly gossip. And that's where I'll leave the issue for now," Bischof said in Cape Town this week.

The German carrier is arguably one of the world's most successful airlines. The airline is Europe's number one in terms of revenue and size and has just reported in its latest results total revenue of €25bn.

Lufthansa is currently investing another €25bn over the next few years into revamping its fleet.

Bischof says Lufthansa has recently celebrated its 50th year in flying to South Africa. This currently includes a daily A380 flight into Johannesburg.

"Currently we're considering the possibility of increasing the frequency to Cape Town to a daily flight. Cape Town is currently served from Munich 5 times weekly," Bischof said. 

 - Fin24

*Follow James-Brent Styan on Twitter at @jamesstyan.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

saa  |  lufthansa  |  airlines

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
12 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

6 life hacks you simply have to know

A few simple tricks can make your life so much easier!

 
 

For chic geeks...

Device lets disabled people talk through their nose
It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...