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 has entered into a $400 million sale-leaseback agreement with an undisclosed lessor, covering three Airbus A321neo and five A320neo aircraft currently operated by Eurowings, its subsidiary in Germany. This strategic move provides Lufthansa with increased flexibility and liquidity while retaining operational control of these modern, fuel-efficient aircraft within the Eurowings fleet.
Lufthansa has announced plans to resume its Frankfurt to Bydgoszcz service starting on April 27, 2025. The route will be operated using a CRJ900 aircraft, offering improved connectivity between Germany and Poland for both business and leisure travelers. The reintroduction of this route reflects Lufthansa’s commitment to expanding its network and meeting demand for regional connections within Europe.
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…
Lufthansa, Germany’s flagship carrier, has reached an agreement with the Italian government to acquire a stake in ITA Airways following intense, last-minute negotiations. This deal marks a strategic move by Lufthansa to expand its footprint in the Italian market, gaining access to a wider customer base and strengthening its position within Europe. The acquisition is expected to bolster ITA…
In the ever-changing landscape of the aviation industry, Volotea, a Spanish low-cost airline, has decided not to pursue slots at Milan Linate, leaving easyJet as the only airline still interested in these slots. This decision comes in the wake of ITA Airways and Lufthansa having to give up their slots as part of the EU…
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…
Italy’s Treasury has temporarily suspended the sale of a 41% stake in ITA Airways to Lufthansa due to a price disagreement between the two parties. The deal, originally announced in May 2023, stipulated that Lufthansa would acquire the stake for €325 million, marking a strategic move to strengthen its position in Southern Europe. However, Lufthansa…
Lufthansa has announced the conversion of its Munich to Johannesburg and Munich to São Paulo routes into winter seasonal services, beginning March 30, 2025. Both routes will be operated with the Airbus A350-900, offering passengers a modern and comfortable long-haul travel experience on these popular routes to South America and Africa.
