Lufthansa, the German flag carrier, has outlined specific plans to cut approximately 400 jobs in its administrativesectors as part of a broader effort to streamline operations and reduce costs. The airline aims to save on purchasing expenses and attract more business travelers, focusing on increasing efficiency amid ongoing financial pressures and industry competition. These job cuts reflect Lufthansa’s strategy to adjust…
Lufthansa Technik has established a non-exclusive maintenance contract with Avianca to support the LEAP-1A engines powering Avianca’s aircraft fleet. This agreement enhances Avianca’s access to high-standard engine maintenance services provided by Lufthansa Technik, a leader in aircraft maintenance, repair, and overhaul (MRO) solutions.
Sundair, a German airline, has announced it will withdraw its operations from Lübeck Airport, where it previously based one aircraft. This decision marks a strategic shift for the airline, which has been serving Lübeck as part of its regional route network. The withdrawal is expected to impact travelers using Lübeck Airport for direct Sundair flights, as the airline…
Lufthansa, Germany’s flagship carrier, has made substantial progress in its planned acquisition of ITA Airways after resolving key pricing issues with the Italian government. The two parties have worked through differences over the valuation of ITA Airways, allowing Lufthansa to move closer to finalizing the takeover deal. This acquisition marks a significant step for Lufthansa, as it seeks…
EFW (Elbe Flugzeugwerke), a leading aircraft conversion company from Germany, has achieved a significant milestone by completing its 100th freighter conversion. The aircraft, an A330P2F (passenger-to-freighter), was redelivered from EFW’s facility in China, underscoring the company’s growing global reach and expertise in the P2F sector. This achievement highlights EFW’s capacity to meet the increasing demand for converted freighters, driven…
EFW (Elbe Flugzeugwerke), a German aerospace company specializing in aircraft conversions, and HNA Aviation Group from China have signed a Memorandum of Understanding (MOU) outlining a strategic partnership for A330P2F (passenger-to-freighter) conversions. Under this agreement, EFW will provide support for Grand China Aircraft Maintenance Services, an HNA subsidiary, operating out of Haikou. This collaboration positions both companies to capitalize on the rising demand for…
Lufthansa CEO Carsten Spohr and Italian Economy Minister Giancarlo Giorgetti are scheduled to meet this weekend to address a price dispute regarding the sale of a minority stake in ITA Airways, Italy’s national airline. This high-level meeting aims to overcome differences in valuation that have stalled Lufthansa’s acquisition of a stake in the airline, which the German carrier views as a…
Lufthansa, Germany’s flagship airline, is intensifying its efforts to raise liquidity by the end of 2024 through the sale/leaseback (SLB) of an additional nine A320neo and A321neo aircraft. This financial strategy allows Lufthansa to free up cash while retaining operational use of these aircraft, supporting the airline’s liquidity needs amidst ongoing market pressures. Lufthansa has previously employed this approach, raising $247 million during…
Lufthansa Cityline staff representatives have filed a lawsuit against the Lufthansa Group in Germany, challenging the establishment of its planned replacement airline, City Airlines. The lawsuit, initiated by the staff representatives, reflects growing concerns among Cityline employees regarding job security, working conditions, and the potential impact on the current workforce. Lufthansa Group’s decision to launch City Airlines as a…
Lufthansa Cargo, Germany’s leading air freight carrier, has intensified its strategic partnerships in China by signing cooperation agreements with key industry players: Shanghai Airport Authority, Air China Cargo, and China Postal Express & Logistics. These partnerships aim to bolster Lufthansa Cargo’s presence in the Chinese market, enhance cargo capacity, and improve operational efficiency on critical routes between Europe and Asia….
