German-based Lufthansa Group announced that the German government had approved a large financial stabilization package for the airline group in response to the COVID-19 pandemic. The total package will equate to about 9 billion euros ($9.8 billion) for the operating group. Along with Germany, Lufthansa owns airlines in Austria, Switzerland and Belgium. This announcement comes following weeks of negotiations between the airline and the federal government in Germany. Initial reports from earlier this month were that the bailout was going…
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…
American serial airline entrepreneur David Neeleman is close to selling his share of Atlantic Gateway, the holding controller of Portuguese flag carrier TAP Air Portugal, to the Lufthansa Group, Portuguese newspaper Jornal de Negocios reported on Sunday. Neeleman controls 50 percent of Atlantic Gateway, which in turn owns 45 percent…
Following the historic Iran nuclear deal, airlines around the world flocked to restart service to the nation’s capital. As the U.S. reimposed sanctions on Iran in late 2018, airlines such as British Airways, Air France and Alitalia pulled their Tehran routes. Some airlines such as KLM pulled out due to…
Lufthansa Group’s SWISS will add new flights to Washington, D.C. and Osaka, Japan beginning in March 2020. These two destinations will be added to SWISS’ long-haul network which already sees service to seven U.S. cities and one other destination in Japan. The flag carrier of Switzerland will become the 35th…
Lufthansa Group’s SWISS will add new flights to Washington, D.C. and Osaka, Japan beginning in March 2020. These two destinations will be added to SWISS’ long-haul network which already sees service to seven U.S. cities and one other destination in Japan. The flag carrier of Switzerland will become the 35th…
Lufthansa Group’s SWISS will add new flights to Washington, D.C. and Osaka, Japan beginning in March 2020. These two destinations will be added to SWISS’ long-haul network which already sees service to seven U.S. cities and one other destination in Japan. The flag carrier of Switzerland will become the 35th…
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…
Lufthansa Group has announced that its supervisory board has approved the purchase of 40 next-generation aircraft composed of Boeing 787-9 Dreamliners and Airbus A350-900s to be delivered to the group’s carriers, including SWISS and Austrian Airlines, aside from the German flag carrier. Lufthansa, the main airline of the group of…
When Lufthansa decided to enter the low-cost long-haul market with its subsidiary Eurowings three years ago, the initial plan had been to use the Cologne-Bonn Airport in Western Germany as the hub and main departure point for its operations. Initially, the airline did not want to create competition to itself by…
