Company Watch - Lufthansa.
Lufthansa will make a long-awaited announcement on the purchase of long-haul aircraft before year end, a spokesperson confirmed. The decision could come soon: Der Spiegel reported the LH supervisory board will sign off on a deal at a meeting later this month. The carrier is in talks with both Boeing and Airbus and also has had discussions with Embraer and Bombardier about regional jets. According to the magazine, the contract will involve more than 100 planes but LH declined to confirm that or any other details, including rumors that it is considering buying medium-haul equipment to replace older 737s and A320s and around 60 BAe 146s and Avro RJ85s. Sep 6, 2006
The spokesperson declined to comment on speculation that Lufthansa wants to create a low-cost carrier in Italy similar to Germanwings. LH has maintained ownership of brands like Austriawings and Swisswings in several European countries in case it extends the Germanwings concept. There has been no official word that it is seeking Italian investors to fund a possible Italianwings. Lufthansa Group airlines operate a fleet of 430 aircraft. LH has 15 A380s on order and seven A340-600s scheduled for delivery through March 2007. Sep 6, 2006
Lufthansa remains in negotiations to sell its 50% stake in tourism firm Thomas Cook, including leisure carrier Condor Airlines, to co-owner KarstadtQuelle. Lufthansa board member Stefan Lauer confirmed discussions but told journalists last week in Frankfurt that "they are a long way from being finished." The German retailer has been after LH's holding in Europe's second-largest tourism company for some time. The unit returned to profitability last year, but LH has said Cook is not a core business. KarstadtQuelle could pay [euro]800 million for the share, Der Spiegel reported. Condor operates 14 A320s, one 757-200, 13 757-300s and nine 767-300ERs. LTU has a fleet of nine A320s, four A321s, eight A330-200s and four A330-300s. Sep 4, 2006
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|Date:||Sep 11, 2006|
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