Lufthansa, Europe’s biggest cargo airline, reported a sharp drop in freight traffic in August from a year ago as the residual impact of strike action in July ended several months of strong gains. The German carrier said the 8 per cent year-on-year decline in cargo carried on its freighters and passenger aircraft to 152,000 tonnes was also due in part to the economic slowdown in the Americas, its fastestgrowing market over the past year. Lufthansa Cargo, Lufthansa’s standalone … [Read more...] about Europe/CIS: Lufthansa, Air France- KLM volumes drop
Lufthansa
Europe/ CIS: Lufthansa to take over Brussels Airlines
Lufthansa will take over Brussels Airlines, the carriers announced recently, in a deal that potentially values the Belgian carrier at €250 million (US$355.6 million) and could pave the way for its entry into Star Alliance. In a first step, LH will take a 45 per cent “strategic” stake in Brussels Airlines parent SN Airholding for €65 million. It will have the option of acquiring the remaining 55 per cent from 2011. The two-phased agreement is dependent upon approval of … [Read more...] about Europe/ CIS: Lufthansa to take over Brussels Airlines
