racko
Posts: 4548
Joined: Tue Nov 06, 2001 12:06 am

LH Will Take Over Majority In Air Dolomiti

Fri Mar 07, 2003 2:59 am

Another step to make MUC even more popular in the south, and another bad sign for AZ.

Lufthansa to take over majority in Air Dolomiti
Successful cooperation will be intensified

06.03.03
Lufthansa and Air Dolomiti have reached an understanding on an increase of the share acquired by Lufthansa in 1999. The President and majority shareholder of Air Dolomiti, Alcide Leali, today announced that he would exercise the option already contractually agreed at that time, to sell 31.2 percent of the shares in Air Dolomiti to Lufthansa. As a result, according to the current status and subject to approval by the cartel authorities, with effect from 16 April 2003, with 51.9 percent Lufthansa will hold the majority in Air Dolomiti. The transaction is estimated to be worth around 40 million Euro.



In a second step, it is planned for Lufthansa to make a public offer to purchase the shares of the other shareholders of Air Dolomiti which is traded on the Milan Stock Exchange.



The cooperation between Lufthansa and Air Dolomiti, which has existed since 1994, has developed extremely successfully for the two partners: as a qualitatively excellent feeder to Lufthansa’s Munich hub, Air Dolomiti has regularly achieved double-digit growth rates and is now Italy’s most successful regional airline. As the largest foreign carrier in Munich, Air Dolomiti has made a major contribution to ensuring that this hub today already occupies a leading position in Europe. With the start of operations of the new terminal, further growth possibilities will open up in the next few years.



Air Dolomiti will remain an independent Italian company that is well-known for its excellent quality, outstanding service and highly-motivated employees. At the same time, the successful cooperation with Lufthansa and the partners will be intensified.



Deutsche Lufthansa AG
Corporate Communications


 
airsicknessbag
Posts: 4626
Joined: Thu Aug 17, 2000 2:45 am

RE: LH Will Take Over Majority In Air Dolomiti

Fri Mar 07, 2003 3:20 am


I´m getting more and more curious about how the future organisation of LH´s regional fleet will look like:

EW ATRs going to Contact Air, IQ Dashs going to C9, EN becoming majority owned - really interesting developments going on.

Daniel Smile
 
User avatar
PW100
Posts: 2770
Joined: Mon Jan 28, 2002 9:17 pm

RE: LH Will Take Over Majority In Air Dolomiti

Sat Mar 08, 2003 1:55 am

Bcause I'm too lazy at the moment to do a search....
How many aircraft do Air Dolomiti [2-lettercode?] operate?
How many routes from MUC and other German cities?

Thanks,
PW100
Immigration officer: "What's the purpose of your visit to the USA?" Spotter: "Shooting airliners with my Canon!"
 
User avatar
Fly-K
Posts: 2994
Joined: Thu May 04, 2000 4:26 pm

RE: LH Will Take Over Majority In Air Dolomiti

Sat Mar 08, 2003 2:51 am

EN fleet:
16 ATR 42/72 (what's the exact breakup, I think there might be more AT7s arriving to replace AT5s)
6 CRJ200
(+some more CRJ options)
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