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Company Watch - Lufthansa.

For more company news, data and analysis, please go to: Aug 7, 2006

Lufthansa's UK customers will have a choice of six destinations in India from December 1 2006, with the start of a new service to Kolkata (formerly Calcutta) from the airline's Frankfurt hub. The German flag carrier will serve India's third-largest city three times a week with quick and easy connections to UK regional points. Bangalore, Chennai (formerly Madras), Delhi, Hyderabad and Mumbai (formerly Bombay) are the other points served. Aug 5, 2006

Lufthansa declines to combat rising foreign ownership. Lufthansa said yesterday that it has no plans to exercise its right to buy back shares as foreign control of the German flag carrier exceeded 40% for the first time. Under European law, a company would forfeit its operating license and rights to fly to destinations outside Europe if foreign shareholders hold the majority of its capital, Lufthansa said. Aug 4, 2006

Lufthansa partially owned subsidiary Thomas Cook AG sold subsidiaries Thomas Cook Overseas and Thomas Cook Lebanon to Dubai Financial, a Dubai Investment Group subsidiary. Aug 4, 2006

Lufthansa Systems will provide IT support for Air One, Al Salam 319, Contact Air and Wind Jet. LHS also said it completed implementation of its ProfitLine/Yield Rembrandt revenue management solution at Smart Wings. Jul 31, 2006

Lufthansa Technik saw its six-month operating profit fall 19.6% to [euro]111 million, Lufthansa Logistics more than doubled its operating result to [euro]47 million, Thomas Cook AG narrowed its loss to [euro]200 million and LH Systems' operating profit declined 16.7% to [euro]20 million. Jul 31, 2006
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Title Annotation:Dubai Financial
Publication:Airguide Online
Article Type:Brief article
Geographic Code:4EUGE
Date:Aug 7, 2006
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