Lufthansa collects €500 million using aircraft as securities
On January 6, 2021, Lufthansa (LHAB) (LHA) announced that it gathered a total of €500 million in the…
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Lufthansa
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Lufthansa is a major German airline and one of the largest airline groups in Europe. Headquartered in Cologne, Germany, it operates a vast network of domestic and international destinations, connecting passengers to over 200 destinations worldwide. As a founding member of the Star Alliance, Lufthansa plays a significant role in global aviation, offering seamless travel experiences through its extensive network and partnerships.
Key Facts
- Founded: 1953
- Headquarters: Cologne, Germany
- Fleet Size: Over 700 aircraft
- Destinations: 200+ worldwide
- Alliance: Star Alliance (founding member)
- Subsidiaries: Austrian Airlines, Swiss International Air Lines, Brussels Airlines, Eurowings
- Passenger Numbers: Over 130 million annually (pre-pandemic)
- Hubs: Frankfurt Airport (FRA), Munich Airport (MUC)
Nigeria lifts flight ban for Lufthansa, Air France & KLM
The government of Nigeria lifted a flight ban on some European air carriers, clearing the way to resume…
Lufthansa to offer passengers to buy meals on short-haul flights
Lufthansa (LHAB) (LHA), including other group airlines like Austrian Airlines and Swiss International Air Lines, will introduce an…
Lufthansa reaches agreement with union to avoid lay-offs
Lufthansa (LHAB) (LHA) confirmed a new deal with trade union Verdi to cut €200 million in expenses for…
Lufthansa expects to gain proceeds in €525 million bonds offering
A German airline Lufthansa (LHAB) (LHA) announced the launch of €525 million senior unsecured convertible bonds offering. The…
How six Boeing 747s became logistical nightmare for Lufthansa
Storing aircraft could become quite a headache for airlines and Lufthansa (LHAB) (LHA) might be a great case to…
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Lufthansa suffers €1.26 billion loss, expects more
Deutsche Lufthansa (LHAB) (LHA), the largest German airline, reported an operating loss of €1.26 billion in the third…
Lufthansa expects delay in its first Boeing 777X delivery
Lufthansa (LHAB) (LHA) seems less than hopeful for the delivery deadline of the Boeing 777-9. Carsten Spohr, the…
After €9B state aid, Lufthansa could surrender its best slots
Lufthansa (LHAB) (LHA) and the German government reached an agreement on a €9 billion rescue plan. The state…
Lufthansa refuses €9B German rescue plan over EU conditions
Lufthansa (LHAB) (LHA) refused the conditions of the €9 billion rescue plan by the German state after the…
Tracking the downfall of European airlines
Many have called COVID-19 pandemic the worst crisis in the history of air travel, with passenger numbers falling…
Lufthansa shuts Germanwings off; fleet reduced by 100 aircraft
While Lufthansa (LHAB) (LHA) significantly bolstered its liquidity positions, as the group received multiple state aid packages, the…
Lufthansa Technik signs new contract: seeks to reign in China
Lufthansa Technik Shenzhen and China Aviation Supplies (CASC) signed a new long-term contract of Total Component Maintenance. The…
Lufthansa subsidiaries to get vital financial injection
The German Economic Stabilization Fund (WSF) has approved financial support for German flag-carrier Lufthansa (LHAB) (LHA) subsidiaries Brussels…
Lufthansa to decide Airbus A380 fate soon; pushes A350 deliveries
The fate of Lufthansa (LHAB) (LHA)’s remaining Airbus A380 fleet will be decided soon, as the airline also…
Lufthansa confirms Airbus A380 retirement, to scrap some A340s
Less than a week after Lufthansa (LHAB) (LHA)’s chief executive Carsten Spohr admitted that the airline group was…
Why private jets will ensure death of First Class
Throughout the 20th century, especially the first half of it, traveling on board an aircraft was the epitome…