|Bid||6.52 x 360000|
|Ask||6.57 x 360000|
|Day's range||6.48 - 6.89|
|52-week range||5.26 - 11.28|
|Beta (5Y monthly)||1.55|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||08 May 2019|
|1y target est||23.35|
Lufthansa is holding talks with buyout funds as it seeks to sell about 20% of its aircraft maintenance business Technik, three sources familiar with the matter told Reuters. The German airline has abandoned plans to list a minority stake in the business given stock market volatility after Russia's invasion of Ukraine, the sources said, speaking on condition of anonymity. Citigroup and JPMorgan are advising on the stake sale which could value Technik, one of the biggest global players in aircraft repair, at five to eight billion euros ($5.35-$8.57 billion) including debt, two of the sources said.
FRANKFURT (Reuters) -Germany's Lufthansa wants to acquire a 20% stake in state-owned Italian airline ITA Airways, the successor to Alitalia, and its partner MSC is bidding for a 60% stake, a person familiar with the matter told Reuters on Tuesday. The Lufthansa-MSC duo made their offer to acquire a majority stake in ITA on Monday. MSC, also known as Mediterranean Shipping Group, has filed an offer together with Lufthansa and is awaiting the next steps, a company spokesperson said, declining to comment further.
WASHINGTON (Reuters) -Lufthansa Chief Executive Carsten Spohr said on Thursday the German airline strongly backs U.S. airplane manufacturer Boeing Co, which has faced criticism over program delays. Earlier this month, Lufthansa said it would buy 10 cargo planes including seven of the 777X version, also known as 777-8F, and boosted its order for Boeing 787s. "Boeing as a symbol of America will get back to its feet," Spohr said at a luncheon speech in Washington.