Latvian airline airBaltic has signed a new long-term wet-lease agreement with Lufthansa Group, continuing their existing partnership. Under the agreement, airBaltic will operate up to six Airbus A220-300 aircraft with crew for Lufthansa Group during the summer season and four during the winter, allowing it to balance capacity in line with its new business plan. […]
airBaltic extends Lufthansa wet-lease deal Read More »
Lufthansa Group and the Portuguese government have signed the agreement for the German airline group to acquire an initial 44.9% stake in TAP Air Portugal (TAP) for €1.025 billion, marking a major milestone in the airline’s privatisation. The agreement was signed at Lisbon’s Humberto Delgado Airport. Completion of the transaction remains subject to regulatory approval,
Lufthansa seals €1.025bn deal for TAP stake Read More »
Lufthansa Group has won the race for a minority stake in TAP Air Portugal, with Portugal’s government selecting its bid of up to €1.2 billion over a rival offer from Air France-KLM. The government said on Wednesday it had accepted Lufthansa’s offer for a 44.9% stake in the state-owned airline. A further 5% stake has
Lufthansa wins €1.2 billion TAP stake bid, beating Air France-KLM Read More »
FL Technics Engine Services has signed an agreement with Lufthansa Group’s Group Engine Management GmbH to support its engine maintenance requirements, marking a milestone for the relatively young facility. The agreement covers repair and maintenance services for the CFM56-engine family, strengthening FL Technics Engine Services’ position as a specialist MRO provider for the engine type.
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Lufthansa Group has approved the purchase of 20 Boeing 737 MAX 10 aircraft as the German airline group accelerates the renewal of its short- and medium-haul fleet, it said on Thursday, September 17. Lufthansa’s supervisory board approved the exercise of options secured under a 2023 order for 40 Boeing 737 MAX 8 jets. That deal
Lufthansa orders 20 Boeing 737 MAX 10s as fleet overhaul continues Read More »
Competition to become a strategic shareholder in TAP Air Portugal has intensified after both Lufthansa Group and Air France-KLM confirmed they have submitted bids to Parpública, Portugal’s state-owned investment company, as part of the ongoing privatisation process for the flag carrier. Lufthansa Group announced it has submitted a bid for an initial minority stake in
Lufthansa Group, Air France-KLM submit rival bids for stake in TAP Air Portugal Read More »
BeauTech Power Systems (BeauTech), a provider of aircraft engine leasing, asset management and trading solutions, has signed a ten-year engine leasing framework agreement with Group Engine Management GmbH (GEM), the Lufthansa Group’s dedicated engine management company. GEM oversees engine allocation, maintenance coordination and lifecycle management across the Lufthansa Group’s airline portfolio. Under the agreement, GEM
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Swiss International Air Lines (SWISS) has strengthened its commitment to sustainable aviation fuel (SAF) through a new partnership with Swiss technology company Metafuels. The collaboration aims to support the development and large-scale deployment of viable SAF solutions while reinforcing Switzerland’s position as an innovation hub for sustainable aviation technologies. SWISS and the Lufthansa Group have
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Deutsche Lufthansa AG (Lufthansa) has confirmed that it will exercise its option to increase its shareholding in ITA Airways from 41% to 90% in June this year. The move was approved by Lufthansa’s Supervisory Board following a decision by the Executive Board. Under the terms of the agreement, Lufthansa will acquire the additional 49% stake
Lufthansa exercises option for majority stake in ITA Airways Read More »
The Supervisory Board of Deutsche Lufthansa AG has approved the purchase of 20 additional long-haul aircraft as part of the Lufthansa Group’s ongoing fleet modernisation programme. The order comprises ten Airbus A350-900s and ten Boeing 787-9s, with deliveries scheduled between 2032 and 2034. Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa
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