He was most recently responsible for the...Current news from the Lufthansa GroupTo provide you with a more responsive and personalized service, this site uses cookies. Hard-hit by […] Lufthansa, meanwhile, is still thrashing out the details of a state aid rescue package worth up to $10.8 billion. “Our aim is to serve many destinations using smaller aircraft and operate lower frequency patterns initially.In terms of its fleet, there will be 300 fewer planes flying in 2021, 200 in 2022 and then 100 fewer in 2023.“Currently, flight cancellations mean customers can claim up to $2.8 billion of refunds,” Spohr said. The Lufthansa Group is a global aviation group with a total of more than 550 subsidiaries and equity investments. The deal reached this week is made up of 290 million euros ($337 million) in loans from the government and a capital injection of 170 million euros ($198 million) by Lufthansa, the airline’s parent company. German airline Lufthansa is using images of a rhubarb-farming flight attendant to divert customer anger away from refunds. “We were talking about a partial initial public offering before the crisis… but the market at this point in time is wrong to do any divestment.”He also referred to the headline-grabbing claims the group was managing to burn through more than $1 million per hour during the peak of the crisis.Spohr took time on the call to thank those who made the $10 billion rescue possible — the governments of Germany, Switzerland, Austria and Belgium. With the ease and safety of travel always top of mind, Lufthansa has partnered with Centogene (one of the largest genetic biotech companies worldwide), to … In the financial year 2016, they were structured into the Passenger Airline Group, Logistics, MRO, Catering and Other segments. Current news from the Lufthansa Group. By September, the airline expects to operate 40 percent of regular capacity, but serve 70 percent of its planned intercontinental destinations, and 90 percent of continental destinations.“Lufthansa Technik is part of or core and close to our hearts, so we will not give that up easily at all,” Spohr said. About Cookies This website uses cookies. Lufthansa is continually evaluating additional connections globally,” added Ryan. Those have two functions: On the one hand they are providing basic functionality for this website. It means that we are committed to creating added value for our customers, employees and investors and to meeting our responsibilities toward the environment and society.The Lufthansa Group is a global aviation group with a total of more than 550 subsidiaries and equity investments. Lufthansa’s new leisure subsidiary, “Ocean” As mentioned above, Lufthansa is in the process of applying for an air operator certificate for a new subsidiary that will be named Ocean. There may be no real winners if the pair do decide to go their own ways. Lufthansa CEO Carsten Spohr wants to move fast to map out a path to recovery after posting a first-quarter net loss of $2.35 billion. In that sense, the package becomes an accelerator, to make Lufthansa more cost efficient, leaner, faster and more cash flow orientated.”Spohr said the four governments’ commitment to helping the airline reflected their acknowledgement Lufthansa was a “top league” player.Part of that $1 million per hour was attributed to the airline’s fuel hedging strategy.