Lufthansa Group said June 29 that it is seeing increased demand for short-term and long-term bookings and has therefore taken the decision to return another 200 aircraft to service between now and the end of October.
FRANKFURT—An extraordinary assembly of shareholders and the European Commission (EC) has approved a €9 billion ($10.1 billion) state bailout for Lufthansa, clearing the way for the airline to begin its long route to recovery and avoid an imminent bankruptcy filing.
With COVID-19 travel restrictions easing in parts of the world, airlines are gradually rebuilding their networks. Routes analyzes some of the services returning as well as new routes being launched. This week we look at JetBlue’s domestic expansion strategy, Peach adding routes from Tokyo Narita, and Lufthansa resuming mainland China operations.
Lufthansa CEO Carsten Spohr said the airline has made ample preparations to avoid a grounding, in case an extraordinary general assembly rejects the company’s multi-billion bailout on June 25 and the airline is forced to file for insolvency proceedings.
Lufthansa warned June 17 that it may have to file for a protective shield insolvency restructuring process if an extraordinary shareholder meeting does not approve the proposed €9 billion ($10.1 billion) state-aid package on June 25.
Austrian Airlines has reached a deal with the Austrian Government and parent Lufthansa for a €600 million ($677 million) coronavirus rescue package that comes with strict ecological requirements attached.
FRANKFURT—Lufthansa’s board of directors has approved a compromise reached by the European Commission and the German government that clears the way for the airline to receive a €9 billion ($9.9 billion) bailout and fend off an insolvency filing.
Nuremberg Airport (NUE) has unveiled a new incentive scheme to support airlines in the recovery period following COVID-19. Routes spoke to MD Michael Hupe and head of route development Christian Kaeser to find out more about the strategy.
The German government and the European Commission are trying to overcome an impasse that is threatening a €9 billion ($9.9 billion) rescue package for Lufthansa.
FRANKFURT—The German government is in the final stages of negotiating a support package for Lufthansa that would give the airline access to around €9 billion ($9.9 billion) in new liquidity, coming just in time to avoid a possible insolvency process.
Lufthansa Group is to cooperate with Swiss technology institute ETH Zurich to accelerate the availability of aviation fuel produced using carbon dioxide and water extracted from the atmosphere using concentrated sunlight.
More European airlines have outlined how they intend to rebuild their networks over the coming weeks after the mass fleet groundings in response to the COVID-19 pandemic.
Lufthansa is nearing an agreement with the German government for a €9-10 billion ($9.8-10.9 billion) rescue package made up of several components as the airline aims to resume a substantial amount of flights in June.
Lufthansa subsidiary Austrian Airlines said April 29 that it needs €767 million ($833 million) in financial assistance from the state to survive the COVID-19 crisis.