Singapore Airlines will not bid for the 10% stake to be offered to a strategic partner in Thai Airways' privatization exercise. Lufthansa, one of the founding members of Star Alliance, will bid as an individual carrier. The move was confirmed by Lufthansa CEO Juergen Weber at a news conference yesterday in Bangkok. Weber said that as part of the group's policy of sharing responsibility and investment SIA will not compete with Lufthansa in the bidding process. SIA will continue, ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "SIA To Stay Out Of Thai Privatization; Lufthansa To Bid As Individual".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.