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Germany airlines

Germany’s Lufthansa Announces More Cutbacks and Layoffs

2020-09-23 by Argophilia Travel News

Lufthansa

Lufthansa Group just announced permanent, group-wide cuts on capacity and further reductions of personnel, due to the impact of the coronavirus (Covid-19) on travel.

Tags: airline companies, airline failures, airlines, bailout, COVID-19, COVID-19 response, German companies, Germany airlines, Lufthansa, Lufthansa Group

Ethiad Airways bailing out on Air Berlin

2016-09-27 by Aleksandr Shatskih

Air Berlin no soft landing

Beleaguered airline Air Berlin is to cut its fleet by half and is all set to lay off 1,000 employees by the end of this year. The airline, which is in a tailspin caused by stiff competition, and the delayed opening of Berlin Brandenburg Airport, plans to reduce its fleet to about 70 aircraft and cut its workforce down to 7,600 employees.

According to the reports, Air Berlin’s biggest shareholder, Etihad Airways, was in talks with Lufthansa and travel company TUI over chopping up the dead weight and aircraft of the troubled airline. The reports paint a picture of a kind of midair rescue where TUI’s German airline TUIfly and Air Berlin’s Austrian subsidiary Niki might absorb unwanted parts of the business.

Tags: Air Berlin, airlines, economy, Etihad, Etihad Airways, Germany airlines




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