Tag: Deutsche Lufthansa AG

Deutsche Lufthansa AG announces successful completion of capital increase

Deutsche Lufthansa AG has successfully completed its capital increase announced on 19 September 2021. Further to the previous announcement, Deutsche Lufthansa AG confirms that the remaining 9,814,586 New Shares for which subscription rights had not been exercised during the subscription period we...

Lufthansa Supervisory Board approves stabilization measures

Lufthansa Supervisory Board approves stabilization measures

The Supervisory Board of Deutsche Lufthansa AG has voted to accept the stabilization package offered by the Economic Stabilisation Fund (WSF) of the Federal Republic of Germany and thereby also accepted the announced commitments to the EU Commission. Karl-Ludwig Kley, Chairman of the Supervisory...

Economic Stabilization Fund approves Lufthansa’s stabilization package

Economic Stabilization Fund approves Lufthansa’s stabilization package

Deutsche Lufthansa AG has been informed by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany that the WSF has approved the stabilization package for the company. The Executive Board also supports the package. The package provides for stabilization measures and loans of up ...

Deutsche Lufthansa AG negotiates stabilization package for the Group

Deutsche Lufthansa AG negotiates stabilization package for the Group

Deutsche Lufthansa is negotiating a stabilization package for 9 billion euros with the Federal Economic Stabilization Fund (Wirtschaftsstabilisierungsfonds - WSF) to finance the Lufthansa Group. The negotiations and the process of political decision-making are still ongoing. The negotiations on ...

Deutsche Lufthansa AG welcomes shareholders to virtual Annual General Meeting

The 67th Annual General Meeting of Deutsche Lufthansa AG began punctually at 10.00 a.m. today. For the first time, it is being held virtually, thus taking into account the protection of shareholders' health and the current applicable rules on distance. Numerous shareholders took the opportunity ...

New allocation of responsibilities for Lufthansa Executive Board

New allocation of responsibilities for Lufthansa Executive Board

The Supervisory Board of Deutsche Lufthansa AG decided today in a telephone conference meeting on a new allocation of responsibilities for the company's Executive Board. The change became necessary after Ulrik Svensson had to resign from his position due to health reasons on Monday of this week. ...

Europe’s leading airlines have self-help options to survive industry’s cash crunch

Europe’s largest airlines have important self-help options open to them to help stave off the liquidity crisis brought on by the Covid-19 pandemic despite the spectre of mass bankruptcy hanging over the industry and calls for urgent government assistance. Scope Ratings says the longer-term c...

Munich Airport and Lufthansa shape expansion of Terminal 2

Munich Airport and Lufthansa shape expansion of Terminal 2

Flughafen München GmbH (FMG) and Deutsche Lufthansa AG (DLH) are planning to intensify and continue their strategic cooperation in the sustainable development of the Munich hub. In a "Letter of Intent" (LoI) signed today, the two partners announced their joint intention to extend the Terminal 2 sa...

Jens Bischof becomes CEO of Eurowings

Jens Bischof becomes CEO of Eurowings

Jens Bischof, currently CEO of SunExpress, will take over as chairman of the Management Board of Eurowings on 1 March 2020. He succeeds Thorsten Dirks, who will be responsible for 'IT, Digital and Innovation' in the Lufthansa Group Executive Board. "With Jens Bischof, we have appointed an outsta...

Lufthansa fills important airline leadership positions

Lufthansa fills important airline leadership positions

The Executive Board of Deutsche Lufthansa AG has appointed new CEOs for Eurowings and Brussels Airlines. Jens Bischof will take over as chairman of Eurowings on 1 March 2020. As of 1 January 2020, Dieter Vranckx will be CEO of Brussels Airlines.    Jens Bischof, currently CEO of SunExp...

FAA Proposes $6.4 million Civil Penalty Against Deutsche Lufthansa Airlines

FAA Proposes $6.4 million Civil Penalty Against Deutsche Lufthansa Airlines

The U.S. Department of Transportation’s Federal Aviation Administration (FAA) proposes a $6,428,000 civil penalty against Deutsche Lufthansa AG of Frankfurt, Germany, for allegedly conducting almost 900 flights that were not in compliance with Federal Aviation Regulations. The FAA alleges Luft...

Lufthansa Executive Board approves sale of the European business of the LSG Group

Lufthansa Executive Board approves sale of the European business of the LSG Group

Lufthansa Group confirms the decision of its Executive Board on the sale of the LSG Group's European business to Gategroup. The sale is part of the new strategy of Lufthansa Group to focus on the airline business. Furthermore, the sale enables the new owner to further develop the catering business....

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