Quantcast
Clement Charpentreau

Brussels Airlines: Lufthansa and Belgian government reach deal

The Belgian government and airline Lufthansa have reached an agreement on the rescue of Brussels Airlines. A state-loan of €290 million should be granted by Belgium, while the German group will provide €170 million....


Rytis Beresnevicius

Lufthansa settles on 22,000 full-time job cuts

Lufthansa, after meeting its unions last week, has concluded that it has a surplus of 22,000 employees at the group. The airline now hopes to conclude negotiations with unions by June 22....


Rytis Beresnevicius

Lufthansa has 26,000 employees too many; pilots cut wages by 45%

Despite the fact that Lufthansa secured a $9.8 billion rescue package from the state, the airline aims to cut as many as 26,000 jobs from its group airlines, indicated one of its unions....


Rytis Beresnevicius

Cost of the crisis? Lufthansa burning $896 million per month

Despite its best efforts to reduce costs, Lufthansa is still on a pretty impressive cash-burning campaign, as it announced its latest results for Q1 2020....


Rytis Beresnevicius

Caving in: Lufthansa gives up slots to receive state aid package

The seemingly never-ending saga of Lufthansa's state aid might be finally coming to an end: both the executive and supervisory board approved the adjusted European Commission measures in order for the group to receive the $9.8 billion package....


Rytis Beresnevicius

European pilots plea for EC to accept Lufthansa state aid deal

While the supervisory board of Lufthansa rejected the strings attached by the European Commission regarding the state aid deal, the pilots of various European pilot associations have pleaded to the European Commission to approve the deal without any strings....


Rytis Beresnevicius

$9.8 billion for 20% stake: Lufthansa agrees state aid deal

While at first Lufthansa was very reluctant to take up state aid to weather the coronavirus pandemic, the stance has changed over time. Now, a deal with the German government was reportedly finally reached....


Clement Charpentreau

Brussels Airlines could fire 1000 employees, unions in shock

Brussels Airlines presented a recovery plan that includes a reduction of its workforce by a quarter and of its fleet by a third in order to "ensure its survival and create a sustainable future", as the airline faces the impact of the COVID-19 pandemic. It requires support from its parent company Lufthansa and from the Belgian government....


Rytis Beresnevicius

Spohr: we want to hold Lufthansa Group together

Lufthansa held its annual shareholder's meeting, where the airline group highlighted its current situation and its future plans, including the negotiations with the state regarding support for the airline group....


Rytis Beresnevicius

Lufthansa to choose insolvency instead of state aid?

Lufthansa, seemingly, has a very difficult decision on its hands: as the group navigates an unprecedented crisis, it weighs whether to accept state aid with strings attached or enter insolvency procedures, similar to Chapter 11 in the United States....