Vienna - German airline Deutsche Lufthansa AG has submitted a valid bid for Austrian Airlines AG (AUA), the Austrian takeover commission confirmed Thursday, but it said it was still uncertain if there would be a deal.
"Against the background of AUA's economic development and an apparent wide gap between the negotiating positions, it is uncertain whether the transaction can be concluded," the commission said in a statement.
The Austrian government is in the process of selling its 42.75-per-cent stake in the country's ailing flag carrier, but Air France has dropped out of the bidding process.