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SAA takeover reports 'just gossip'

Mar 27 2013 10:07 James-Brent Styan
SAA

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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.

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saa  |  lufthansa  |  airlines
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