Lufthansa

Lufthansa Greenlights ‘Compromise’ Deal on €9 billion Bailout

Lufthansa Greenlights ‘Compromise’ Deal on €9 billion Bailout

The Deutsche Lufthansa supervisory board said Saturday it had reached what it termed a “compromise” deal with the European Union and Germany over a €9 billion ($9.89 billion) rescue package.
The board had delayed a decision on the deal on Wednesday because the European Union wanted the airline to give up German takeoff and landing slots, which Lufthansa said would weaken its hubs in Frankfurt and Munich.
The deal requires approval by …

Lufthansa Delays Decision on €9 Billion Government Bailout Amidst EU Demands

Lufthansa Delays Decision on €9 Billion Government Bailout Amidst EU Demands

The Deutsche Lufthansa supervisory board said Wednesday that it will delay its decision on a proposed €9 billion ($9.89 billion) bailout from the German government, and that it will not immediately call for a shareholder vote on the proposal.
The German government said Tuesday that the bailout is necessary to help the airline survive an “existential emergency.”
The European Union wants the airline to give up German takeoff and landing slots, which …

Lufthansa to Get €9 Billion Bailout from German Government

Lufthansa to Get €9 Billion Bailout from German Government

Deutsche Lufthansa said Monday that the airline and the Wirtschaftsstabilisierungsfonds or Economic Stabilization Fund of the German government have agreed on a €9 billion ($9.88 billion) bailout deal.
The government said the bailout is necessary to help the airline survive an “existential emergency.” It will take a 20% stake that it intends to sell by 2023. It will also inject €5.7 billion in non-voting capital, which is known as a “silent participation.”
The …

Lufthansa to Restart Service to 20 Cities in June, Drop A380 Fleet from Frankfurt

Lufthansa to Restart Service to 20 Cities in June, Drop A380 Fleet from Frankfurt

Lufthansa said it plans to restore service to 20 additional locations next month, a company spokesman told Frequent Business Traveler on Sunday.  It also said it plans to discontinue Airbus A380 service from its Frankfurt hub.
The list of cities includes Crete, Faro, Ibiza, Malaga, Mallorca, and Rhoades, and the flights are slated to start in the middle of the month.  All of the flights will operate from Frankfurt.
On Friday, Lufthansa …

American, Delta, Lufthansa to Require Passengers Wear Face Masks

American, Delta, Lufthansa to Require Passengers Wear Face Masks

Two major U.S. airlines and one European carrier announced they would require passengers to wear face masks to prevent the spread of the novel coronavirus.
The move comes two days after JetBlue Airways announced a similar policy and a week after Air Canada’s announcement.
Earlier in the week, American Airlines said it would provide passengers with face masks and disinfectant wipes when it announced flight attendants would be required to wear masks.   Passengers …

Lufthansa to Mothball 747s, A380s, and Ground Germanwings

Lufthansa to Mothball 747s, A380s, and Ground Germanwings

Lufthansa said it plans to ground its low-cost subsidiary Germanwings and permanently reduce the size of its fleet, while warning that it will take years until the aviation industry sees a return to the type of traffic that it experienced in the past few years before the outbreak of the novel coronavirus pandemic.
“It will take months until the global travel restrictions are completely lifted and years until the worldwide demand …

Coronavirus Update: Italy Expands Lockdown, New Cases in China Fall Dramatically, Austria Restricts Access at Italian Border

Coronavirus Update: Italy Expands Lockdown, New Cases in China Fall Dramatically, Austria Restricts Access at Italian Border

TODAY’S FACTS AND FIGURES
The worldwide number of cases of Covid-19 stands at 116,359.  The global death toll from the virus is 4,091. Of the current active cases, which total 47,621, 12% or 5,788 are serious, while the other cases are mild.
Italy, which has effectively quarantined its entire population as of Tuesday morning – now has 9,172 of the world’s cases and more than 463 of at least 4,000 deaths.
The United …