Company Watch - Lufthansa.Aug 27, 2007 Finnair Technical Services and Lufthansa Cargo Lufthansa Cargo is the cargo airline subsidiary of Lufthansa based in Frankfurt, Germany. It is an international air freight and logistics company operating worldwide services. Its main bases are Frankfurt International Airport and Cologne Bonn Airport [1]. signed a maintenance agreement covering airframe MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. of two MD-11 freighters. The deal includes an option for two additional airframe maintenance visits in 2008-09. Aug 20, 2007 Lufthansa board member Stefan Lauer said the airline would not rush into any further takeovers that did not make sense for the airline. Spain's Iberia and Italy's Alitalia were both still "interesting". But Iberia remained "overvalued Overvalued A stock whose current price is not justified by the earnings outlook or price/earnings (P/E) ratio and thus, expected to drop in price. Overvaluation may result from an emotional buying spurt, which inflates the market price of the stock or from a deterioration in a ", while the conditions had not been right regarding Alitalia. Private equity group TPG TPG Texas Pacific Group TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général is heading a provisional EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.4 billion takeover bid for Iberia in a team that also includes British Airways. Iberia has said it expects TPG to finish due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. this month. Alitalia meanwhile is struggling to find a buyer after the Italian government's attempt to sell it through an auction failed last month when all the bidders pulled out. Rome wants to shed its 49.9 percent stake. Alitalia said on Tuesday it had been contacted by a new group of interested investors. Aug 23, 2007 Lufthansa chief pilot Jurgen Raps was named executive VP-operations at Lufthansa Passenger Airlines, succeeding Carl Sigel, who will return to the cockpit pending his retirement next year. Aug 23, 2007 Lufthansa is on track to meet its full-year target to boost earnings and sees no impact from the current financial crisis, board member Stefan Lauer told journalists. Lufthansa will achieve its goal of operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. "significantly over EUR1 billion euros" (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $1.36 billion), Lauer said at an event in Frankfurt late on Wednesday. The airline has said its result will rise to EUR1 billion - EUR1.3 billion this year from EUR845 million last year, partly boosted by the purchase of rival carrier Swiss International. Aug 23, 2007 Following its successful introduction at Frankfurt, Lufthansa has replicated its first class lounge concept at Munich, but this time within the actual terminal building complex rather than a dedicated structure. Access to the facility, which opened on 14 August, is via level 4 (EU departures) or on level 5 (non-EU departures). At Frankfurt Airport the lounge is in a self-contained building off the access road to the main terminal complex. With a capacity of around 70, some 300 passengers a day use the facility, at least twice the original expectation. The new Munich lounge covers 860sq m (2,822sq ft) and is similar to Frankfurt, incorporating exclusive passport and security checkpoints, with an agent who personally deals with passenger paperwork and calls them when the flight is ready for boarding. Aug 20, 2007 Lufthansa mulls new all business class routes. Lufthansa says that it will look at new business class only routes ahead of potential competition to Germany by Virgin Atlantic and British Airways. The German carrier has the chance to expand its dedicated premier class offering as it is to replace the existing business-class only service from Dusseldorf to Newark and Chicago using two PrivatAir Airbus A319s, with three A340-300s from May next year and adding Toronto. Aug 20, 2007 Lufthansa refutes the idea that its decision to launch new business class is as a result of Virgin Atlantic and British Airways potentially moving into the German market ahead of the Open Skies liberalization lib·er·al·ize v. lib·er·al·ized, lib·er·al·iz·ing, lib·er·al·iz·es v.tr. To make liberal or more liberal: "Our standards of private conduct have been greatly liberalized . . . in 2008. Both Virgin Atlantic and British Airways have said they will launch transatlantic business class only services, although only the former has so far committed to Frankfurt, with the latter saying it will operate into 'European hubs.'. Aug 20, 2007 Lufthansa remained tightlipped tight·lipped also tight-lipped adj. 1. Having the lips pressed together. 2. Loath to speak; close-mouthed. See Synonyms at silent. as to any new business class destinations using PrivatAir's A319s. The two 48-seat business class A319s will be replaced with the three A340s - also configured in exactly the same business ratio - but with the addition of eight first class seats. The Munich-Newark business class only jet will now operate an additional early New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of service from Frankfurt. Part of the problem for Lufthansa stems from slot constrained Dusseldorf - despite it operating two runways. At present, the North-Rhine-Westphalia government limits aircraft movements to 45 per hour, but with ten out of Germany's 30 DAX Index companies situated in the Dusseldorf region, business travel demand is clearly high. Aug 20, 2007 Lufthansa said it will renovate and extend its Dusseldorf check-in area, as well as open a new business class lounge in October this year in addition to its existing first class Senator Lounge. Aug 20, 2007 German carrier, LTU LTU Luleå Tekniska Universitet (Luleå University of Technology; formerly Luleå Tekniska Högskola) LTU Lithuania LTU La Trobe University (Australia) LTU Lufttransport-Unternehmen GmbH , has long regarded Dusseldorf as its fiefdom fief·dom n. 1. The estate or domain of a feudal lord. 2. Something over which one dominant person or group exercises control: , where Lufthansa is strong, although for the moment it serves New York JFK rather than Newark, as well as a host of other US destinations. The airline, recently purchased by Air Berlin, might also be interested to note that Lufthansa describes itself as "the only airline in Dusseldorf," despite LTU offering a raft of international services from the northwest German airport. Aug 20, 2007 Lufthansa Technik and Bulgaria's Hemus Air will open a maintenance facility in Sofia. It is expected that LHT LHT Long Haul Trucker (bicycle) LHT Long Holding Time LHT Long Haul Transmission LHT Lord High Treasurer LHT Low Harmonic Technology (Siemens) LHT Long Haul Terminal (Alcatel) will hold 80% of the joint venture, Hemus MD Dimitar Pawlow told the BTA (Business Technology Association, Kansas City, MO, www.bta.org). A membership association of manufacturers, dealers, distributors and service companies in the business equipment and systems industries, founded in 1994. national news agency. MRO work will begin on 737s on an unspecified date, with 777s and A340s to follow. LHT operates similar JVs in Budapest, Malta and the Philippines and recently linked up with Austrian Airlines to open a 777 center in Vienna. Aug 22, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group / Air Travel Media. All rights reserved. |
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