3 Min Read
FRANKFURT (Reuters) - Lufthansa is planning to launch an asset disposal programme as early as summer with the sale of its 1 billion euro ($1.19 billion) Airplus unit as the German carrier seeks to raise cash to emerge from a government bailout, people close to the matter said.
FILE PHOTO: A Lufthansa plane takes off behind a grounded jet at the airport as the spread of coronavirus disease (COVID-19) continues in Frankfurt, Germany, June 2, 2020. REUTERS/Kai Pfaffenbach/File Photo
Lufthansa is working with Goldman Sachs on the divestiture of the business travel expenses manager, the sources said, adding that the summer timing of the auction will depend on bookings picking up after lockdown restrictions ease.
3 Min Read
FRANKFURT (Reuters) - Lufthansa is planning to launch an asset disposal programme as early as summer with the sale of its 1 billion euro ($1.19 billion) Airplus unit as the German carrier seeks to raise cash to emerge from a government bailout, people close to the matter said.
FILE PHOTO: A Lufthansa plane takes off behind a grounded jet at the airport as the spread of coronavirus disease (COVID-19) continues in Frankfurt, Germany, June 2, 2020. REUTERS/Kai Pfaffenbach/File Photo
Lufthansa is working with Goldman Sachs on the divestiture of the business travel expenses manager, the sources said, adding that the summer timing of the auction will depend on bookings picking up after lockdown restrictions ease.
BERLIN, March 4 Lufthansa may permanently ground more planes to emerge leaner from the coronavirus pandemic, the German airline group said today as it posted record losses for 2020. The group, which includes the Austrian Airlines, Swiss and Eurowings brands, trimmed its 2021 capacity plans as.
Lufthansa weighs more aircraft retirements after record loss
By Riham Alkousaa and Laurence Frost
Reuters
BERLIN (Reuters) - Lufthansa may permanently ground more planes to emerge leaner from the coronavirus pandemic, the German airline group said on Thursday as it posted record losses for 2020.
The group, which includes the Austrian Airlines, Swiss and Eurowings brands, trimmed its 2021 capacity plans as COVID-19 disruption drags on but said it still hoped for a summer upturn. We are examining whether all aircraft older than 25 years will remain on the ground permanently, Chief Executive Carsten Spohr said, pledging to make 2021 a year of redimensioning and modernisation for the company.
The group, which also owns Austrian Airlines, Swiss and Eurowings, trimmed its 2021 capacity plans as COVID-19 disruption drags on, but held out hope for a summer upturn