Air Europa, a leading Spanish airline, is attracting significant investment interest from major global carriers as it prepares for a capital increase. According to CEO Jesus Nuno de la Rosa, potential investors include Air France-KLM, Lufthansa, Etihad Airways, and Delta Air Lines. The airline expects up to 20% of its capital to be subscribed through new shares before the summer of 2025.
Lufthansa, Germany’s flagship carrier, is making strides in its efforts to return to profitability, according to CEO Jens Ritter. While the initial success of the airline’s restructuring plan is promising, Ritter acknowledges that there is still work to be done to achieve sustained financial recovery.
The European Commission has escalated its competition case against Lufthansa, issuing a Supplementary Statement of Objections that outlines its intention to order the airline to reinstate Condor’s access to feed traffic at Frankfurt Airport. This marks a significant development in the ongoing regulatory scrutiny of Lufthansa’s competitive practices.
Lufthansa, Germany’s flagship airline, has decommissioned its oldest aircraft to date, an Airbus A320 with serial number 401. This aircraft, which has served the airline for decades, is set to be dismantled, closing an important chapter in Lufthansa’s operational history.
Lufthansa (Germany) successfully issued an unsecured hybrid bond with a total volume of €512 million(approximately US$512 million). The bond, which bears an annual interest rate of 5.25%, has a 30-year term, with the first issuer call date set for 6 years after issuance.
Lufthansa has successfully issued an unsecured euro hybrid bond with a total volume of US$515 million (approximately €475 million). This bond is part of Lufthansa’s financial strategy to maintain liquidity and strengthen its financial position. The bond bears an interest rate of 5.25% per annum and has a term of 30 years, demonstrating Lufthansa’s confidence in its long-term stability and growth.
Lufthansa Group (Germany) is poised to finalize a major deal to acquire a stake in ITA Airways (Italy) on January 13, 2025, marking the culmination of years of negotiations. This strategic investment is expected to strengthen Lufthansa’s position in the European aviation market and provide ITA Airways with a stable partner to support its growth and modernization efforts.
Lufthansa, the flag carrier of Germany, has taken delivery of a brand-new Airbus A350-900, serial 692, further bolstering its long-haul fleet. This latest addition aligns with Lufthansa’s strategy to modernize its aircraft lineup, offering passengers enhanced comfort and operational efficiency.
Condor Airlines, a prominent German leisure carrier, has announced plans to discontinue service from Frankfurt to six North American destinations in 2025. The affected routes include Baltimore, Minneapolis-St. Paul, Phoenix, San Antonio, Edmonton, and Halifax. This decision follows a ruling by the German Federal Court of Justice concerning feeder flights with Lufthansa, Germany’s largest airline.
Lufthansa, Germany’s flagship carrier, has urged the European Commission to suspend the EU-Qatar air transport agreement, citing concerns over its “radically unequal” terms and serious corruption allegations. The agreement, which liberalizes market access between the EU and Qatar, has come under increased scrutiny in recent months.
