With the backing of an international fund, Air France-KLM, and Delta Airlines have expressed interest to purchase a majority stake in Alitalia’s successor ITA Airways, reported La Repubblica citing a government source. According to the report, the expression of interest was… Read More ›
According to a report from Italian daily Il Foglio, Lufthansa has agreed to purchase a 40% stake in ITA Airways in a deal that could be officially announced next week. ITA Airways re-commenced operations on October 15 with nearly 2,300 employees… Read More ›
In a statement Lufthansa said, it has agreed to lease four new Airbus A350-900 long-haul passenger jets in a move aimed at restructuring its balance sheet midst the coronavirus-induced COVID-19 pandemic. “Airplanes are currently available at low lease rates as carriers… Read More ›
An executive member of Lufthansa has been quoted as saying, the airlines aims to win back business travelers by boosting the number of flights and improving in-flight catering. Currently, the German airline is carrying around 50% of the passengers it flew… Read More ›
On Monday, a German finance agency said, Berlin plans on selling up to a quarter of its 20% stake in Lufthansa over the coming weeks citing positive developments at the bailed-out airline. With the news reaching the market, Lufthansa’s shares… Read More ›
According to two sources familiar with the matter at hand, Air France-KLM’s board is expected to meet on Monday to discuss a state-backed refinancing plan aimed at strengthen its balance sheet following a year of coronavirus-induced shutdowns. Sources went on… Read More ›
In a statement, German airline Lufthansa stated, it has formulated an agreement with pilots over a package of short-term measures which will reduce it cash burn and losses induced by the Wuhan Coronavirus pandemic. As per the agreement, in return… Read More ›
On Thursday, German airline Lufthansa stated, it is in advanced talks with the German government’s economic stabilization fund over a rescue deal worth up to $9.9 billion (9 billion euros); the deal potentially includes the German state taking a 20%… Read More ›
In a report on Tuesday, Business Insider stated citing sources familiar with the matter at hand as saying, the German government has agreed to provide Lufthansa with a financial rescue package worth around $9.74 billion (9 billion euros) in return… Read More ›
The M&A scene is heating up in Europe. On Monday, Lufthansa’s CEO disclosed, the air-carrier is in touch with Norway’s Air Shuttle for a potential takeover. Incidentally, British Airways owner IAG is also sniffing around for a potential deal. “In… Read More ›
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