By Ilona Wissenbach and Emma-Victoria Farr
BERLIN/FRANKFURT – Lufthansa’s plane upkeep enterprise Lufthansa Technik plans to launch formal talks with buyers this month a few partial sale, based on an worker briefing made accessible to Reuters.
Talks are resulting from begin on the finish of the month, with two rounds of negotiation by the summer time. “We're proper on schedule,” mentioned finance chief William Willms.
German airline Lufthansa, which on Wednesday provided to purchase a minority stake in ITA Airways, hopes for proceeds of between 1 billion and 1.5 billion euros ($1.08 bln to $1.62 billion) for the sale of a 20% share in its upkeep arm, a supply with data of the matter mentioned.
Lufthansa declined to touch upon the potential proceeds.
The German enterprise is searching for a associate that not solely supplies monetary funding however can also be actively concerned within the strategic growth of the corporate, the supply mentioned.
($1 = 0.9244 euros)
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