Lufthansa (Frankfurt) has made a public offer to the shareholders of Austrian Airlines (Vienna) to acquire the shares of the airline via the OLH holding company. LH is offering EUR 4.49 for each share of Austrian stock. This bid price is based on the average price of the stock over the past six months. The offer expires on May 11, 2009. The goal is to bring Austrian into the Lufthansa Group (like Swiss).
The SAS Group (Stockholm) is planning to pump in $9.24 million for Estonian Air (Tallinn) to improve the liquidity of the flag carrier. This comes as SAS has previously stated it would like to divest its 49 percent share of the company.
Mesaba Airlines (NWA Airlink) (Minneapolis/St. Paul) will start Delta Connection operations from Delta’s Atlanta hub on March 2. The first two aircraft will fly to Hilton Head Island and the Tri Cities, TN.