For most air cargo carriers, taking delivery of another aircraft in this current environment means an extra capacity burden and all the headaches that go with it. But for Russian cargo carrier Aeroflot Cargo, the addition of its latest MD-11 converted freighter has not been so much of problem in terms of filling it, but rather the poor yields that are an unfortunate feature of the market now. “We just increased our frequencies from Russia to China – Bejing and Hong Kong … [Read more...] about Aeroflot expands China capacity with latest MD-11F
Lufthansa
Lufthansa may walk away from BMI deal
Lufthansa has indicated it may walk away from its takeover deal for BMI, over the issue of capital restructuring, according to a Financial Times report. If successful it will own about 80 per cent of shares, but obstructing the deal is the issue of who will pay for the capital restructuring, with BMI management saying it's not needed. The German carrier is also said to be seeking up to €500 million in 'restructuring' aid. … [Read more...] about Lufthansa may walk away from BMI deal
Lufthansa projects rise in '08 profit
Lufthansa yesterday raised its full-year operating profit projection to €1.3 billion from the previous €1.1 billion. The carrier reported a €1.38 billion operating profit in 2007. Lufthansa said the increase in its forecast is "substantially attributable to a more stable result development in the fourth quarter than was previously expected." It cited falling fuel prices and "favorable valuation effects" without elaborating. … [Read more...] about Lufthansa projects rise in '08 profit
Lufthansa projects rise in ’08 profit
Lufthansa yesterday raised its full-year operating profit projection to €1.3 billion from the previous €1.1 billion. The carrier reported a €1.38 billion operating profit in 2007. Lufthansa said the increase in its forecast is "substantially attributable to a more stable result development in the fourth quarter than was previously expected." It cited falling fuel prices and "favorable valuation effects" without elaborating. … [Read more...] about Lufthansa projects rise in ’08 profit
4th runway for Frankfurt but night flights a problem
The Frankfurt airport has been cleared for expansion by a German court after years of trying to get the expansion approved. As a result the airport can soon start building a fourth runway north of the current airport perimeter with an opening date of 2012. But Frankfurt's operator, Fraport and the main operator Lufthansa, also have to deal with the court's preliminary statement that the planned night flight restrictions are not far reaching enough. With Lufthansa's growth rates constrained … [Read more...] about 4th runway for Frankfurt but night flights a problem
Lufthansa confirms disinterest in Alitalia
Lufthansa confirms disinterest in Alitalia Lufthansa has confirmed that it did not make an offer for Alitalia, which Italian Prime Minister Silvio Berlusconi revealed Wednesday. A Lufthansa spokesperson told both Germany's dpa news agency and Reuters that the airline preferred to cooperate with its Star Alliance partners in the Italian market. In November it announced the launch of an Italian subsidiary based at Milan Malpensa. … [Read more...] about Lufthansa confirms disinterest in Alitalia
