Deutsche Lufthansa AG has made a nonbinding offer for a stake in rival Austrian Airlines, a Lufthansa spokesman said Monday.
The deadline for nonbinding offers was Sunday, Lufthansa spokesman Andreas Bartels said, but did not provide further financial or other details.
The Austrian government decided in early August to privatize the airline with the condition that 25 percent remains in Austrian hands. The government holds about 43 percent of the airline.
Austrian Airlines expects a loss of between euro70 million and euro90 million (US$103 million and US$132.3 million) in 2008.
Austrian Airlines has been an important partner of Lufthansa for years, with its main hub of Vienna. It has been part of the Star Alliance since 2000. Air France-KLM is among the other airlines to express an interest in the Austrian flag carrier.
Interested parties can look at Austrian's books, and will be able to make binding offers and hold sale negotiations later.
Shares of Lufthansa were up 0.2 percent at euro14.47 (US$21.27) in Frankfurt morning trading.
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