Reading Time: 2 minutes Germany’s Air Berlin filed for insolvency in August and its creditors are now discussing how to carve it up. Lufthansa is set to pick up a large part of insolvent rival Air Berlin, and easyJet is also still in the running for some assets, two sources familiar with the matter said. Air Berlin’s creditors met […]
Reading Time: < 1 minute Despite a government guarantee of EUR150 million, Air Berlin (AB, Berlin Tegel) may soon find itself having to cancel flights, according to German newspaper Suddeutsche Zeitung. Citing insider information, the news site says that Air Berlin will be unable to maintain parts of its network as it does not have access to revenue generated by […]
Reading Time: 2 minutes As Air Berlin slips into bankruptcy following the withdrawal of financial support from main shareholder Etihad, the fight over its carcass begins. Many expect Lufthansa to pick up a substantial part of the carrier’s airline business, based on reports emanating from the stricken carrier. “Negotiations with Lufthansa and other partners regarding the acquisition of business […]
Reading Time: 2 minutes Airline stocks took a nosedive on Friday morning as the horrific van attack in Barcelona the previous evening was felt likely to hit tourism to the region. British Airways and Iberia owner IAG and EasyJet both shed 3% in early trading, while Ryanair was 5% lower on the open, before all three pared losses as […]
Reading Time: 2 minutes Lufthansa is launching seven new winter destinations starting at the end of October: Pamplona, Genoa, Bari and Catania are the new destinations available from Frankfurt. The offer from Munich will be extended to include Nantes, Glasgow and Santiago de Compostela as further attractive city connections. Pamplona is on the Lufthansa flight schedule for the first […]
Reading Time: < 1 minute Lufthansa has been voted the “Best Airline in Europe”. The award was given at the Paris Air Show on 20 June 2017 in Le Bourget. The market research institute Skytrax, which specializes in aviation, surveyed around 18 million passengers from over 160 countries worldwide. In the survey, passengers from across the globe spoke in favour […]
Reading Time: < 1 minute Lufthansa announced plans to station five Airbus A380 widebody airliners at its Munich hub in the summer of next year. By deploying the world’s largest passenger aircraft, Lufthansa will not only substantially boost its capacity on long-haul routes to and from Munich, but will also establish a new premium service for passengers using Munich Airport. […]
Reading Time: < 1 minute Deutsche Lufthansa AG offered its shareholders the option of receiving their dividend of EUR 0.50 per share in the form of new shares in the Company. The opportunity was selected for around 68 million shares. At a subscription ratio of 46.4:1, a total of about 1.5 million new shares will be issued. The cash payment […]
Reading Time: 2 minutes Brussels Airlines will acquire seven Airbus A330-300 ‘CEO’ aircraft to replace seven older A330-200 and A330-300 aircraft that are ending their leasing period. This is expected to take place between 2018 and 2019. The carrier, together with the Lufthansa Group, conducted a comprehensive study on the replacement of seven of their ten long-haul aircraft. Based […]
Reading Time: 2 minutes Lufthansa has put the ball squarely in the Abu Dhabi governments court, saying its ties with Etihad could grow ever closer, if the government wants. Germany’s biggest and Europe’s third biggest airline CEO was in Abu Dhabi last week, the second time in four months. This time he was part of the delegation visiting with […]