Where did you two read about Ansett and/or Sabena??
Sabena is highly unlikely, as Bruxelles is definitely not the place where LH would create a third hub, simply because it is not in Germany: No I am not trying to be nationalistic, but it there are several reasons:
1. It is a question of international aviation law, LH would not be protected by Belgian government authorities.
2. True, Sabena would be cheap to buy, probably not more than one symbolic Euro, but the real price would be existing debt and the cash needs of Sabena. That is a problem for LH, too currently, and German government has said on Sunday that it will not help to cover terrorist incident insurance in the long run, meaning the next fare increases are due before Christmas (just what we needed, goddammit)
3. Sabena is not and never was part of Star Alliance and as far as I know, never tried to be, so there would be no reason for LH to be Sabena's "white knight".
4. What other assets of Sabena wouzld be of interest for LH? None, at least none that I can think of.
Ansett: True, LH does not fly to Australia. There is no need, you can go there by Star Alliance companies. That has been LH's strategy since years: Code-sharing with partner carriers, not competition to the end (and it pays!!!), thereby leaving any vanities behind (as a "good" airline you have to go everywhere around the world: Sounds good, but Bullshit all the way).
Yet it is not impossible to bid for Ansett, (though certainly not alone) in order to help Ansett go on.
The reason would be to secure Star Alliance's grip on the pacific rim, if it is deemed necessary. LH has done that a few times (remember Air Canada's fight for Canadian Airlines, hostile takeover bids, by AA, if I remember correctly).
But remember: to buy shares in another carrier not coming from a German-speaking region (which is regarded by LH as its domestic market, remember Lauda, Austrian, Eurowings)is basically not LH's strategy, they prefer to go for alliances, and were much happier with that strategy in the 90s.
PS: If you have any official sources, please let me know a.s.a.p. Thanks!
PPS: Ndebele: When did LH fly the 767-300? I only remember Condor flying that aircraft.
I know it's only VfB but I like it!