Word: lufthansa
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...true picture was far from pretty: the results were a fluke, buoyed by strong industry conditions and onetime earnings. In reality Sabena's finances were chronically weak even before the gigantic Airbus bills. Reutlinger left Sabena to take over Swissair's French airline operations in August 2000. Veteran Lufthansa executive Christoph Müller took over as Sabena CEO and immediately realized the danger. Within a month he outlined a drastic restructuring plan, dubbed Blue Sky. "You didn't need to be a rocket scientist" to know Sabena was in serious trouble, Müller says. "You just needed...
...easyJet will not dominate the discount skies. Ryanair already has an operating base in Germany, at Frankfurt-Hahn Airport. The Berlin-based, former charter airline Germania is also focused on the budget traveler. From December, Brussels-based Virgin Express is planning flights from Cologne-Bonn Airport. Even German flagship Lufthansa appears to be getting the message; last month it gave its blessing to a proposal by German carrier Eurowings, in which it has a key shareholding, to enter the budget fray. Soon, Germans may discover what travelers from Britain now take for granted: for the consumer, no-frills fares...
Weary of commercial travel but can't afford a private jet? There's a new option. Last week Lufthansa began operating an all-business-class flight from Newark International Airport to Dusseldorf, Germany, using planes and crew from the elite Swiss charter company PrivatAir. Passengers at each airport will be escorted through security by an airline agent and then board from a gate next to Lufthansa's club lounge. The Boeing business jet will have 48 big seats, each with a Sony Watchman. There will be plainclothes security officers onboard and a flight attendant for every 12 passengers. Price...
...more jobs out by closing down our short-haul business. That would have been a strategic mistake. Our customers fly to New York and back one week, and to Rome and back the next. We need to offer a total network, and if we don't Air France and Lufthansa will...
...Airlines including Lufthansa and Virgin Atlantic are betting that Europeans are still willing to fly to find winter sun - so they've added flights to South Africa. The number of cruise ships berthing in Cape Town this season is expected to nearly double over the same period last year...