Lufthansa

Lufthansa wants to 'destroy' Niki airline

Berlin - Muslimchronicle

Austrian former racing driver Niki Lauda on Sunday accused German carrier Lufthansa of trying to "destroy" the Niki airline which he founded. Niki -- formerly a unit of now bankrupt Air Berlin, and most recently operated by Lufthansa -- was grounded last Wednesday after applying to open insolvency proceedings. The move came after Lufthansa abandoned plans to buy Niki,Read more

In trouble as Lufthansa drops bid

Berlin - Muslimchronicle

Lufthansa (LHAG.DE) has abandoned plans to buy Air Berlin (AB1.DE) unit Niki due to competition concerns, grounding Niki and making it the latest to join the list of Europe’s collapsed airlines this year. Tough competition and falling ticket prices have led to the demise of Monarch and Air Berlin while Alitalia has filed for insolvency protection. Air Berlin filedRead more

EU voices concerns over Lufthansa Air Berlin bid

Brussels - Muslimchronicle

Europe’s antitrust chief expressed “quite deep competition concerns” on Friday about Lufthansa’s (LHAG.DE) plan to buy Air Berlin assets, yet another sign the German carrier may have to cough up more concessions in return for her approval of the deal. Lufthansa wants to acquire Air Berlin (AB1.DE) units Niki and LGW and expand its own budget arm Eurowings. RivalsRead more

Air Berlin set for final farewell as carve-up talks continue

Berlin - Muslimchronicle

After almost four decades, Air Berlin’s last flight is due to land in its home city on Friday night while its administrators push to split its remaining assets among buyers. Air Berlin, beloved among Germans for its flights to holiday island Mallorca and the chocolate hearts it gives out after each flight, filed for administration in August. A government loanRead more

Germany’s Lufthansa says third-quarter profit down

Frankfurt - Muslimchronicle

German airline group Lufthansa confirmed its objectives for the full year Wednesday, even as its third-quarter profit fell. Between July and September — the key summer holiday period for European carriers — Lufthansa’s net profit fell by 17 percent year-on-year to €1.18 billion (SR5.2 billion). But the decline was largely due to an accounting effect, the airline said in aRead more

EasyJet, Lufthansa among seven to bid

Rome - Muslimchronicle

British budget airline easyJet and German carrier Lufthansa both said Monday they have submitted offers for parts of Italy's ailing Alitalia. The stricken carrier said that it had received seven binding offers in all, without providing details. The easyJet and Lufthansa proposals will spark disappointment in Italy, which wants to sell Alitalia in one package to avoid mass jobRead more

Lufthansa to swallow lion's share

Berlin - Muslimchronicle

Years of struggle for Germany's second-ranked airline Air Berlin appeared on their final stretch Thursday, as airborne behemoth Lufthansa announced plans to buy more than half the bankrupt carrier's planes. The deal has sparked controversy in the European aviation sector, with the German government facing accusations it helped steer the process under a plan to build the Frankfurt-based carrier intoRead more

Lufthansa CEO says to sign Air Berlin deal today

Berlin - Muslimchronicle

Lufthansa will sign a deal on Thursday to buy parts of insolvent German carrier Air Berlin, Lufthansa Chief Executive Carsten Spohr said. “We will see a milestone in the history of Lufthansa and Air Berlin today,” he said. Air Berlin, which has struggled to turn a profit over the last decade, filed for insolvency on August 15, and a governmentRead more

Lufthansa chief eyes up to 78

Frankfurt am Main - Muslimchronicle

The chief of Germany's largest airline Lufthansa has said he hopes to buy up to 78 planes from bankrupt Air Berlin, dismissing fears the insolvency would grant him a near-monopoly over the skies. Top priority was "stabilising" the status of some 38 aircraft Lufthansa already "wet-leases" -- including their crews -- from the smaller firm, Lufthansa chief Carsten Spohr toldRead more

Ryanair CEO says won't bid

Berlin - Muslimchronicle

Ryanair chief executive Michael O' Leary on Wednesday said his airline would not make a bid for insolvent Air Berlin, slamming what he called a German "stitch-up" designed to benefit Lufthansa. Several airlines are jostling to take over parts of Air Berlin after it filed for insolvency earlier this month, a process Ryanair has been fiercely critical of. The chiefRead more