Lufthansa Offer to Purchase Stake in ITA Airways Sparks European…

Lufthansa recently announced a bid to acquire a minority stake in the Italian airline ITA Airways with an option to purchase the remaining shares in the future. A press release on Wednesday from the German carrier stated: ‘Today, the company submitted an offer to the Italian Ministry of Economy and…

Austrian Airlines Ramping Up Flights for Winter Tourism

As airlines worldwide prepare for a likely travel boom this winter, Austrian Airlines is making an aggressive return to international operations. With a focus on long-haul flights to sunny destinations, the carrier is reintroducing routes to Cancún, Mexico, Mauritius and Cape Town, South Africa, and is increasing its flight frequency…

Austrian Airlines Trades Planes for Trains on European Route

Austria’s flagship airline announced that it will be replacing one of its flight segments with frequent train service to meet certain environmental requirements in a recent government bailout package it accepted. Austrian Airlines, in cooperation with Austrian Federal Railways (ÖBB), is offering a tenfold increase in travel opportunities with 31…

Austrian Airlines Resumes Long-Haul Flying

Austrian Airlines has resumed part of its long-haul flying program with its first transatlantic flight in more than 100 days departing its Vienna hub yesterday. The first of the airline's scheduled long-haul flights departed Vienna at about 10:45 a.m. on July 1 bound for Newark Liberty International Airport in New…

Lufthansa Bailout at Risk from Billionaire Shareholder

The fate of German carrier Lufthansa's federal rescue package will be sealed at the company’s Extraordinary General Meeting June 25, when airline’s shareholders will vote on whether to accept the terms in the deal's current state. Although the bailout has been approved by the state, shareholders still have to give…

Air France Ramps Up Flight Schedule as Restrictions Ease

Air France has announced its plan to increase the number of scheduled passenger flights it will offer in the summer as it expects a rise in passenger traffic over the coming period. According to the announcement released on Friday, it will serve passenger flights to nearly 150 destinations in the…

Lufthansa Set to Slash 22,000 Jobs Amid Coronavirus Outbreak

Lufthansa plans to cut thousands of jobs in response to the financial turmoil caused by the coronavirus pandemic. Despite the airline agreeing on a €9 billion ($9.8 billion) bailout package with the government, 22,000 jobs are at stake as the company announced on Wednesday after a bargaining summit with the…

Austrian Airlines Announces Fifth Service Resumption Delay

Austrian Airlines announced on Friday that it will resume operating flights on June 7, nearly three months after grounding its fleet in mid-March delaying its resumption of service five times. The move comes in response to the Austrian government's announcement that its borders with Germany and some Schengen area countries…

Lufthansa’s Eurowings to Focus on Short-Haul, Brussels Airlines Remains Independent

As part of its Capital Market Day in Frankfurt on Monday, the Lufthansa Group provided an update on its financial health, as well as announced several major changes to its corporate strategy. The German flag carrier began by reporting a very healthy improvement of its financial results during the last…