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Lufthansa eyes BMI sale to Virgin

Lufthansa eyes BMI sale to Virgin

24 August 2009 Airline News

Lufthansa could be poised to offload its loss-marking subsidiary BMI to Virgin Atlantic as it grapples to raise cash. Despite taking full control of the Heathrow-based carrier just two months ago, it is now eyeing a disposal and has already held preliminary talks with Richard Branson over a complete or partial sale.

Lufthansa posts promising traffic figures

Lufthansa posts promising traffic figures

12 August 2009 Airline News

Lufthansa’s group passenger numbers rose 12% year-on-year in July, helped by renewed confidence in Europe and Asia, and consolidation of BMI. The group carried 7.2 million passengers last month — up from 6.4 million a year earlier. Although the group’s cargo division experienced a 4.8% decline during the month.

Sunshine or your money back from Lufthansa

Sunshine or your money back from Lufthansa

6 August 2009 Tourism News

Passengers whose holidays are blighted by downpours could be in for a financial silver lining after Lufthansa began offering compensation for rainy days to 36 destinations including Rome, New York and Barcelona.

Lufthansa cleared for AUA take-over

Lufthansa cleared for AUA take-over

3 August 2009 Airline News

The European Commission has given the green light for Lufthansa’s take-over of Austrian Airlines, but with a series of conditions. EU antitrust chief Neelie Kroes made the announcement following a series of talks with the Lufthansa chief executive.

BA to raise fresh capital

15 July 2009 Airline News

British Airways has asked investors to front extra funds as a safety net against a treble whammy of the credit crisis, swine flu, and the impending threat of cabin crew strike action, which it estimates could collectively burn £400 million in reserves.

EU launches probe into Lufthansa takeover of Austria

2 July 2009 Press Release Airline News

European Union regulators are launching an investigation into Lufthansa’s bid for Austrian Airlines, saying the deal could reduce choice and hike fares for passengers on some routes.The European Commission said it had “serious doubts” that the takeover could proceed without the airlines making some changes to eliminate antitrust concerns.