Lufthansa Cargo says it will continue to operate all of its flights despite the walkout announced by the pilots’ union, Vereinigung Cockpit. The strike was set to ground all cargo flights scheduled to depart from Frankfurt on Wednesday and Thursday. Two flights will be departing earlier than scheduled, allowing them to bypass the strike period. As Lufthansa Cargo usually flies about half of its freight in the bellies of Lufthansa and Austrian Airlines passenger aircraft, the effects … [Read more...] about Business as usual for Lufthansa despite strike
Austrian Airlines
Austrian Lufthansa Cargo off and running
The new Vienna-based Austrian Lufthansa Cargo subsidiary has commenced operations from 1 July with the new company now marketing all freight capacities of both airlines in Austria. Freight activities in all other countries have been amalgamated under the management of Lufthansa Cargo. Lufthansa Cargo has a 74 per cent stake in the new company, while Austrian Airlines holds 26 per cent. … [Read more...] about Austrian Lufthansa Cargo off and running
EU clears Lufthansa’s Austrian takeover
The European Commission has approved Lufthansa’s takeover of Austrian Airlines Group, allowing it start integrating the company in September. Lufthansa is taking over about 42 per cent of the shares of Austrian Airlines owned by the government for about euro336,000 (US$480,000). The commission also approved a euro500 million government restructuring programme, which Lufthansa has said in the past would be necessary to reduce Austrian's debt. The EU made its decision based on the … [Read more...] about EU clears Lufthansa’s Austrian takeover
EU clears Lufthansa's Austrian takeover
The European Commission has approved Lufthansa’s takeover of Austrian Airlines Group, allowing it start integrating the company in September. Lufthansa is taking over about 42 per cent of the shares of Austrian Airlines owned by the government for about euro336,000 (US$480,000). The commission also approved a euro500 million government restructuring programme, which Lufthansa has said in the past would be necessary to reduce Austrian's debt. The EU made its decision based on the … [Read more...] about EU clears Lufthansa's Austrian takeover
