FRANKFURT (Reuters) – Lufthansa is planning to launch an asset disposal programme as early as summer with the sale of its 1 billion euro ($1.19 billion) Airplus unit as the German carrier seeks to raise cash to emerge from a government bailout, people close to the matter said. - Jun 03, 2020 2:00 pm. The sale is part of the group's new strategy to focus more on the airline business but is … Based on the long-term funds raised and €2.1 billion in borrowed cash in the second half of 2020, Lufthansa has now secured the refinancing of all financial liabilities of around €2.6 billion due in 2021. One of the best offers is Bangkok First Class for €1,871/£1,591pp The Facts. "The A340-600 sub-fleets and the eight A380s remaining after the agreed sale of six aircraft in 2022 and 2023 have been fully decommissioned for several years," Lufthansa Group said in the report. The headline prices enable you to fly in Business to Dubai for £2,199 for 2 people. ET The german government can convert bonds to own 25% if Lufthansa does not pay, if the stock is further diluted or if another company wants to take over Lufthansa. What: Companion sale (must be booking for two people only) in First and Business Class from Amsterdam on flights operated by Lufthansa and SWISS.. The move towards a unified business class design across all three sibling airlines is intended to both lower costs and provide a more consistent passenger experience, especially on codeshare flights. “We are very grateful for the support we receive in our home markets. The Group is a big customer for the Airbus narrowbody family, with more than 200 of the type in operation across the various airlines. This offer is valid until 19 May 2019. Since July 2020, Deutsche Lufthansa AG has raised a total of around 500 million euros by using aircrafts as security in eight financing transactions. Dennis Weber - Head of IR. Availability: Certain travel dates from through to 19 December 2020.Minimum stay 3 days and maximum 3 months. These Global Fares will take you to 3 continents (with Europe as the middle continent) and have great flexibility with a wide range of destinations, including over 100 cities in Europe. The German company has orders for 20 777Xs and 41 Airbus A350-900s. Lufthansa and Swiss are currently running an excellent First & Business Class companion fares sale departing from the United Kingdom (LON / MAN / BHX / EDI / GLA) to several destinations in the Middle East, Africa, Asia and South America. You can fly in First to Dubai for £2,999 for 2 people. There are some excellent prices in […] Lufthansa announced the transaction in 2019, before the COVID-19 pandemic. No stopovers, but unlimited transfers available. Company Participants . Lufthansa will introduce an all-new business class seat with the launch of its Boeing 777-9 in 2020, with the same seat also being rolled out on the Swiss and Austrian Airlines fleets. Lufthansa has said the sale is part of its new strategy to focus on its airline business. It added that it would initiate the sale of the rest of the group early in 2020. The airline is based in the city of Frankfurt, Germany. On November 26, the Lufthansa Group announced that it will sell the European portion of its on-board catering branch, LSG Sky Chefs, to Swiss company Gategroup Holding AG. ... Lufthansa Technik, however, isn’t likely to be up for sale in the near future. Lufthansa is working in close co-operation with the Embassy of the Federal Republic of Germany in South Africa to arrange additional repatriation flights. Deutsche Lufthansa AG (OTCQX:DLAKF) Q4 2020 Earnings Conference Call March 4, 2021 7:00 AM ET. In this news, we discuss the Lufthansa to start asset disposal programme with Airplus sale in summer – sources. Take a look at these example itineraries using our SWISS & Lufthansa Global Sale Fares . 02.12.2020 Financial news Sale of LSG Europe completed In December 2019, Lufthansa Group and gategroup concluded a purchase agreement for the European operations of LSG Group. Deutsche Lufthansa AG said Thursday that it is preparing for higher demand in the short term after posting a hefty loss in 2020 as it hit hard by the coronavrius pandemic. Some 777 buyers are looking to seize on the program delays to switch to smaller 787 Dreamliners, of which Lufthansa already has 20 … Dennis Weber – Head of Investor Relations.
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