- Travel Directory

Airline News

Airline News


Thursday, October 30, 2008

Lufthansa takes control of Britain's BMI

Britain's BMI is being taken over by the German flag carrier Lufthansa in the latest shake-up in the European airline industry.

Lufthansa, which already owns just under 30% of BMI, has bought the 50% owned by BMI chairman Sir Michael Bishop, taking its stake to 80%. The remaining 20% of BMI is owned by Sweden-based Scandinavian Airlines, which has said it also wants to sell.

Labels: ,

Wednesday, September 17, 2008

Lufthansa buys stake in Brussels Airlines holding

BRUSSELS, Belgium (AP) - Germany's Lufthansa AG has moved to take over Brussels Airlines, purchasing a 45 percent stake in the holding company that owns the Belgian carrier for 65 million euros ($91.4 million), the companies said Monday.

The deal gives Lufthansa the option to take over all of Brussels Airlines in 2011 for a price not exceeding 250 million euros ($351.6 million).

In the first phase, Lufthansa will take a 45 percent stake in SN Airholding though a capital increase. The price for taking the remaining 55 percent in 2011 will depend on Brussels Airlines' performance within the ceiling set by Monday's deal.

The deal is dependent on regulator approval and support from Lufthansa's supervisory board and the shareholders and board of Brussels Airlines.

The German carrier, which also owns Swiss International Airlines, said it envisions Brussels Airlines continuing to operate largely independently after the deal.

Brussels Airlines started operating last year. It combined the budget Virgin Express airline with SN Brussels Airlines - the successor to former Belgian flag-carrier Sabena, which went bankrupt in 2001.

The news comes at a time when many airlines are having trouble - notably Italy's Alitalia, which was declared bankrupt Aug. 29 - and the industry is consolidating at a time of high fuel prices and global economic problems.

Last year Lufthansa carried 63 million passengers in it fleet of 513 aircraft. Brussels Airlines carried 5.8 million in its 49 planes.

Lufthansa employs 105,000 people, and Brussels Airlines employs 3,000.


Labels: , ,

Monday, July 28, 2008

Germany braces for first Lufthansa strike in 13 years

A strike over wages by ground crew and cabin staff at Deutsche Lufthansa is expected to cause disruptions at Germany's 10 largest airports on Monday after a key union voted overwhelmingly to walk off the job.

The Verdi union, which represents 52,000 air industry workers, planned to start the strikes at midnight (2200 GMT) - but would not reveal in advance where the walkouts would happen to prevent the airline from making plans to thwart the impact.

Union officials said that the unlimited strike, the first in 13 years at Lufthansa, would affect all areas - from catering and cargo to maintenance and repair staff. Some 91 percent of union members voted to strike, Verdi said on Friday.

"The starting times will be staggered," said Verdi's chief negotiator Erhard Ott. Frankfurt, Munich, Berlin, Hamburg, Duesseldorf, Stuttgart, Nuremberg, Hanover, Leipzig and Bremen airports would be affected, the union said.

Verdi, which has lost influence since the last Lufthansa strike in 1994, wants a 9.8-percent pay increase for one year. Lufthansa, Europe's second biggest airline by passenger numbers, is offering 6.7 percent over 21 months and a one-off payment.

Lufthansa has said it will have to see where the strikes happen before deciding how many domestic and international flights will be cancelled. It has said it hopes to juggle non-striking staff to limit the impact of the strike.

In view of heavy criticism from political and industry leaders, the union is expected to stop well short of an all-out walk out on Monday and instead opt for targeted strikes.

Verdi would be ready to restart talks if Lufthansa improved its offer, Ott said. Their wage talks broke down on July 10.

"We've got to do everything we can to prevent this strike," said Klaus Lippold, a member of parliament and transport expert for the Christian Democrats. "Not only to save the holiday season but to prevent damage to Germany's air travel industry."

Rainer Wend, an economy expert in parliament for the Social Democrats, also spoke out against the strike.

"Even though one must accept a strike being a tool in a labour dispute, it's still unfortunate that innocent bystanders and holiday travellers will be hurt by the strike more than the union's opponents," Wend told Welt am Sonntag newspaper.

Earlier this week, Lufthansa cancelled almost 1,000 regional flights at its Eurowings and CityLine subsidiaries after pilots walked out in a separate pay dispute.

At a time when Europe's biggest economy is seeing a spike in inflation, several labour unions are seeking bigger wage deals after restraint in recent years.


Labels: ,

Tuesday, June 17, 2008

Lufthansa-no talks with Austrian Airlines owner

Lufthansa has not had any talks with the state owner of Austrian Airlines about buying a stake, Lufthansa Chief Executive Wolfgang Mayrhuber said on Monday.

He added that a deal between the two - both already members of the Star Alliance - would bring little in the way of synergies.


Labels: ,

Wednesday, May 07, 2008

Lufthansa Would Look at Austrian Airlines If Offered

Deutsche Lufthansa AG, Europe's second biggest airline, said it would consider buying a stake in Austrian Airlines Group in the event an opportunity arises, though the carriers aren't in talks.

Labels: ,

Tuesday, April 29, 2008

Bmi set for takeover by Lufthansa

German carrier Lufthansa is poised to take control of Bmi, the UK airline controlled by Sir Michael Bishop for the past 30 years, in a deal that could value the business at £500m-£600m.

Labels: , ,

Tuesday, March 04, 2008

German airline says pilots averted major crash

German airline Lufthansa said on Monday its pilots had averted a crash at Hamburg airport after a strong gust of wind caused a plane, with 130 passengers on board, to veer dangerously on landing.

Labels: , ,

Saturday, October 06, 2007

Air France, Lufthansa Are Holding Talks on Alitalia

Air France-KLM Group and Deutsche Lufthansa AG, Europe's two biggest airlines, are holding talks with Alitalia SpA as the Italian government seeks a buyer for the unprofitable carrier, two people with direct knowledge of the matter said.

Labels: , ,

Thursday, June 21, 2007

Lufthansa to completely take over its 'Swiss' unit as of July 1

Lufthansa has announced that it will own Swiss outright as of 1 July after securing all necessary traffic rights.

Labels: , ,

Sunday, April 15, 2007

Lufthansa mulls Iberia bid move

German airline Lufthansa has repeated its interest in buying Spanish carrier Iberia, saying Spain's national airline was "of strategic interest to Lufthansa in principle".

Labels: , ,

Wednesday, January 17, 2007

HLX and Hapagfly merge to become TUIfly

German low cost airlines HLX and Hapagfly have merged to become TUIfly. TUI now operates the third-largest German fleet after Lufthansa and Air Berlin.


Labels: , , , , , ,

Tuesday, January 09, 2007

SAS stocks rise on rumours of Lufthansa takeover

Shares of Nordic airline owner SAS have soared with talk that German airline Lufthansa is interested in purchasing the carrier.

Labels: , ,

Home |  About |  Contact |  Disclaimer |  Privacy Policy |  Sitemap |  Travel Merchants |  Add a travel site |  Advertise Copyright - Travel Directory | All Rights Reserved