Lufthansa Cargo (GEC, Frankfurt Int'l) will be implementing staff layoffs as part of a EUR40 million (USD44 million) cost-cutting drive dubbed 'C-40', CEO Peter Gerber has told German business paper Handelsblatt.
While he did not confirm the exact number of employees that would be affected, Gerber said redundancies would be undertaken in a socially acceptable manner - partial retirements being an example.
Two MD-11(F)s will also be parked. With revenue and load factors declining 8.3% and ...
The International Finance Corporation (IFC), the World Bank unit tasked by the Croatian government to find a suitable partner for Croatia Airlines (OU, Zagreb), has located three firms willing to invest in the airline.
In a bid to stem the Gulf carriers' continued dominance in the Asia-Europe market, Star Alliance members Singapore Airlines (SQ, Singapore Changi) and Lufthansa (LH, Frankfurt Int'l) have signed a wide-ranging partnership agreement that will see the two airline groups operating key routes between Singapore and Europe on a joint-venture basis, in addition to significantly expanding codeshare ties and deepening commercial co-operation.