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|View AIBEF Detailed Price Forecast - CNN Money||View AIBEF Detailed Summary - Google Finance|
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Lufthansa, Ryanair row over planes for Austrian carrier Laudamotion
Posted on Friday July 13, 2018
Lufthansa plans to end an agreement to lease planes to Laudamotion, saying the Austrian holiday airline has failed to meet payments, leading to a dispute with its backer Ryanair. The row highlights a battle for market share in Germany and Austria after the collapse of Air Berlin and shows how keen airlines are to get planes against the backdrop of recent Airbus delivery delays due to engine issues. Laudamotion, formed out of the remains of Niki that was part of Air Berlin, flies a fleet of 9 Airbus A320s leased from Lufthansa and 10 Boeing 737 jets from new shareholder Ryanair.
Lufthansa, Ryanair dispute over planes for Austrian carrier Laudamotion
Posted on Friday July 13, 2018
Lufthansa plans to end an agreement to lease planes to Laudamotion, saying the Austrian holiday airline has failed to meet payments, leading to a dispute with its backer Ryanair (RYA.I). The row highlights a battle for market share in Germany and Austria after the collapse of Air Berlin and shows how keen airlines are to get planes against the backdrop of recent Airbus (AIR.PA) delivery delays due to engine issues. Laudamotion, formed out of the remains of Niki that was part of Air Berlin, flies a fleet of 9 Airbus A320s leased from Lufthansa and 10 Boeing (BA.N) 737 jets from new shareholder Ryanair.
Lufthansa's Eurowings says Air Berlin plane transfer almost done
Posted on Friday June 22, 2018
Lufthansa's (LHAG.DE) budget carrier Eurowings expects the transfer of planes from collapsed rival Air Berlin (AB1.DE) planes into its fleet to be completed by the end of July, it said on Friday. Eurowings has come under fire in Germany recently for delays and cancellations, partly caused by its rapid expansion as it tries to move into the gap left by Air Berlin. "Thanks to the successive introduction of further planes, we again expect a reliable flight operation," Eurowings CEO Thorsten Dirks wrote in a message to customers.
Norwegian Air Shuttle Takes to the Skies Again
Posted on Monday June 18, 2018
Just when the excitement about a potential takeover of Norwegian Air Shuttle AS was beginning to flag, here comes another pocket of air to keep it aloft. British Airways owner IAG SA has sounded more circumspect lately about its stated interest in the transatlantic budget airline.