Manila Bulletin
Monday, December 28, 1998
SINGAPORE (Reuters) — German airline Lufthansa AG said on Monday it was launching novel live Internet auctions in Asia for the sale of its air tickets. The auctions would be held in Singapore, Bangkok and Kuala Lumpur on January 15, 1999 at its InfoFlyway website located at http://www.lufthansa.com.sg, it said in a statement. The bidding for each new pair of return air tickets would start from as little as Singapore $10 with incoming bids at increments of S$5, S$10 and S$20. It said the tickets needed to be used between March and May next year, depending on the destination. Lufthansa said the concept was new to Asia but had been introduced in Germany in May 1997, drawing more than 100,000 Internet users. The subsequent success of such auctions in Germany, England, Ireland and the Czech Republic, prompted the airline to introduce the service in Asia, it added.
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