Lufthansa Shelves Planned Stake Sale in Maintenance Division
- Bain had remained final interested party in subsidiary
- Lufthansa says engine issues are creating additional business
Passenger aircraft, operated by Deutsche Lufthansa AG, at Munich International Airport.
Photographer: Michaela Rehle/BloombergThis article is for subscribers only.
Deutsche Lufthansa AG shelved a planned sale of a minority stake in its maintenance and repair subsidiary, the world’s biggest business of its kind that had attracted interest from several private-equity bidders.
The German carrier said that instead of selling a part of Lufthansa Technik, the company will implement its growth plans “independently,” according to a stock-exchange filing. The company said it’s seeing opportunities particularly from the increasing number of engines that are coming in for maintenance.