Lufthansa Systems [SEP] inception
Systems") and Industry Solutions (now "Lufthansa Industry Solutions"). The Infrastructure unit, which employs about 1,400 people, has been sold to IBM, while the other two units were meant to remain as subsidiaries of the parent company Lufthansa.
The Hungarian subsidiary, Lufthansa Systems Hungária Kft., was established in 1995 and employed 200 people as of 2005.
History.
In 1995, Lufthansa Systems (LIDO) was established to turn the Lufthansa Group's IT department into a legally independent company.
it would support this and recommend acceptance from its shareholders. Air Canada rejected the offer. On August 31, 1999, Air Canada adopted a poison pill aimed at thwarting any takeover bid.
It was later (Sep 24, 1999) revealed by Kevin Benson that merger talks had occurred between Canadian Airlines and Air Canada in early 1999 with Air Canada abandoning the talks.
On October 19, 1999, Air Canada, backed by Star Alliance partners Lufthansa Airlines, United Airlines and CIBC announced a $930M counter bid