Posted in Airlines, Passengers, tagged Air France, Air France-KLM, Alitalia, Bid, Buy, Lufthansa, Millions on January 14, 2009 | Leave a Comment »
Air France announced that it has agreed to pay 25% of stake in Italy flag carrier Alitalia for $432 million. CAI, the current owners of Alitalia seem pleased on selection of Air France – KLM over Lufthansa that had bid on the stake too. From Mizozo.com -
Alitalia declared bankruptcy on Aug 29th 2008 and has [...]
Posted in Airlines, Passengers, tagged Acquisition, Austria, Austrian Airlines, Buyout, Deutsche Lufthansa AG, Germany, Lufthansa, OIAG, Vienna on December 4, 2008 | Leave a Comment »
Yesterday, Deutsche Lufthansa AG’s advisory board approved the acquisition of Austrian Airlines Group. The key details are as follows (mostly from ATW and WSJ) -
Luftansa will start with the purchase of state holding company OIAG’s share of 41.56% for $463,000 (€366,000).
For the remaining share it will make a “€215 million bid for Austrian’s remaining shares [...]
Posted in Airlines, Passengers, tagged Belgium, Brussels Air, Brussels Airline, Buyout, Consolidation, Europe, Euros, Germany, Lufthansa, Millions on September 15, 2008 | Leave a Comment »
Europe’s second largest airline, Lufthansa announced that it agreed to buy 45% of Belgian Airline, Brussels Air for 65 million euros or $92 million. The German based carrier has an option to buy the remaining 55% of the company starting 2011 which might (depends on performance related factors in 2010) bring the total price to [...]
Posted in Airlines, Passengers, Travel Woes, tagged Cancellations, Europe, Grounding, Lufthansa, Pay issue, Piliot Strike, Strike on July 23, 2008 | Leave a Comment »
Last time pilots strike at Lufthansa over pay caused 44 flight cancellations. This time the strike caused to ground a quarter of the flights with 990 cancellations (465 domestic and regional flights on July 22nd and 525 flights today on July 23rd 2008). Lufthansa is offering the affected passengers to rebook on other flights or [...]
Posted in Airlines, Airports, Passengers, Travel Woes, tagged Cancelations, Cologne, Delays, Deutsche Luftansa AG, Europe, Frankfurt, Lufthansa, Munich, Pay Raise, Strike, Stuttgart on July 1, 2008 | 1 Comment »
Luthansa (or Deutsche Luftansa AG), flag carrier of Germany and second largest airline in Europe, canceled 44 flights and delayed many more after its workers in Frankgurt, Munich, Stuttgart and Cologne walked off the job to press for higher pay raise. Lufthansa has earlier offered 5.5% raise in two steps instead of the union’s request [...]
Posted in Airlines, Jet Fuel, Planes, tagged 747, A380, Airbus, Biofuel, Boeing, GE, Green, Jet Fuel, Lufthansa, Rolls Royce, Virgin Atlantic on June 16, 2008 | Leave a Comment »
Lufthansa, Europe’s second largest airline. has announced plans to mix biofuels with conventional jet kerosene as part of their environmental strategy. Main points from their announcement -
Lufthansa intends to use as much as 10% biofuel (made from non-food sources, not algae) by 2020.
They also aim to cut carbon dioxide emissions per km flown by 25% [...]
Posted in Airlines, tagged Al-Jaber, Austrian, Lufthansa on May 7, 2008 | Leave a Comment »
Lufthansa (Europe’s second biggest airline) has announced that it is considering a stake in Austrian Airline Group after their Saudi-Austrian investor Mohamed bin lass Al-Jaber exiting the plans to acquire 20% of the group (He has agreed to buy 20% stake for 150 mil euros). Though, it is said that the carriers aren’t in talks.
Austrian [...]
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