Lufthansa Still Wanting Quick Decision on Austrian Deal

www.lufthansa.com

Right now Lufthansa, the German flag carrier, is still hoping for a quick decision on the takeover of Austrian Airlines by the European Commission. Reports show that a quick decision by the European Commission could still be reached this month if further concessions are made. These reports were confirmed by the European Commission, who said that a quick decision for this month could still work if the German carrier would agree to some regulatory conditions.

A spokesperson for the European Commission said that Lufthansa has still not offered a satisfactory deal that demands a quick decision. They went on to say that they have now given Lufthansa a deadline, and the quicker that they come up with the perfect remedies, the quicker they will make their decision on the case at hand. However, the European Commission did note that they have had no indications since last Friday that they were going to submit anything new. Until this is done, the European Commission cannot go forward.

Lufthansa reported that it did submit an informal package just last week that met around 90 percent of what the European Commission wanted. Lufthansa decline to say whether any other concessions would be made. However, by this coming Friday, the European Commission says that Lufthansa has to come back with a concrete concession or wait till November for their answer.

The European Commission did make note that they did receive an informal offer, but it was not what they wanted to see and said that it was even worse than what was previously on the table.

For more information visit: www.lufthansa.com