In virus rescue, German government to climb aboard at Lufthansa

Business / Corporate May 26, 2020

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

Business Jan 8, 2020

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

Business Oct 18, 2019

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 ...

Lufthansa flight school knew about Lubitz's depression

World Apr 1, 2015

Lufthansa flight school knew about Lubitz's depression

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

World Mar 31, 2015

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 ...

Lufthansa pilot strike grounds over half long-haul flights

Business Mar 20, 2015

Lufthansa pilot strike grounds over half long-haul flights

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 ...

ANA, Lufthansa to launch joint air shipping service

Business / Corporate Sep 3, 2014

ANA, Lufthansa to launch joint air shipping service

All Nippon Airways Co. and Lufthansa Cargo AG of Germany will launch a joint air cargo venture on routes between Japan and Europe, the two companies said Wednesday. They aim to launch shipping services from Japan to Europe this coming winter and from Europe to ...