In virus rescue, German government to climb aboard at Lufthansa
Berlin will climb aboard airline giant Lufthansa as its largest shareholder in a €9 billion ($9.8 billion) rescue if investors and competition authorities agree, as the coronavirus-stricken carrier faces an arduous yearslong recovery from the pandemic. Following the broad strokes of a plan dangled last ...
Alitalia bleeds around €300 million a year, administrator says
Struggling Italian carrier Alitalia is burning through its cash resources at the pace of around €300 million ($334 million) a year, its new temporary administrator, Giuseppe Leogrande, told members of a parliamentary committee. In November, after months of talks, railway group Ferrovie dello Stato, U.S. ...
Alitalia rescue hopes rise as Lufthansa looks set to step in
Alitalia received a boost to its hopes of rescue on Thursday with signs that Lufthansa could take a stake in the Italian carrier, while Rome agreed to a €350 million ($389 million) bridging loan to ease immediate cash worries. Loss-making Alitalia has been run by ...
New Pratt & Whitney engine checks ordered after Swiss A220 diverts to Paris, fleet gets grounded
Pratt & Whitney recommended checks on engines on Airbus A220 aircraft and some Embraer jets after a Geneva-bound Swiss jet diverted to Paris with an engine problem, prompting the grounding of the rest of the airline's A220 fleet. French air accident investigators classified the problem ...
Lufthansa seen circling as Air Berlin files for protection after Etihad pulls support
Air Berlin, Germany's second-largest airline, filed for bankruptcy protection on Tuesday after key shareholder Etihad Airways withdrew funding following years of losses, leaving valuable runway slots up for grabs. The move offers Lufthansa and rivals a chance to acquire slots at airports such as Berlin ...
Lufthansa chief dodges questions at crash site amid focus on passenger video
A video of the final seconds aboard the Germanwings plane that crashed in France last week has been discovered, reports said on Wednesday, just hours before Lufthansa executives visiting the crash site dodged questions about the mental health of the pilot. The video was found ...
The German pilot who crashed a plane in the French Alps last week, killing 150 people, told officials at a Lufthansa training school in 2009 that he had gone through a period of severe depression, the airline said on Tuesday. The statement is potentially damaging ...
Germanwings crash co-pilot had been treated for suicidal tendencies
The German pilot suspected of deliberately crashing a plane in the French Alps last week was treated for suicidal tendencies years ago before he received his pilot's license, German prosecutors said on Monday. This was the first acknowledgement from German officials that the pilot, Andreas ...
A pilots strike grounded more than half of Lufthansa's lucrative long-haul flights on Thursday, the latest action to pressure management in a protracted row over early retirement benefits and cost cuts. Lufthansa is trying to cut costs to levels nearer those of its rivals as ...
