China: Lufthansa capitulates to global competition
FRANKFURT—The German airline Lufthansa has officially confirmed that it will temporarily suspend its daily flight service from Frankfurt to Beijing due to intense competition and economic considerations. This decision, which comes into effect with the winter flight schedule on October … Continue reading China: Lufthansa capitulates to global competition
Lufthansa Group awarded “Best Airline App 2024”
FRANKFURT – The Lufthansa Group has been awarded the prize for the world’s best airline app 2024 at the World Aviation Festival (WAF). The app was previously evaluated by customers and nominated for the final round. A jury of experts … Continue reading Lufthansa Group awarded “Best Airline App 2024”
Cathay Pacific Grounds Entire A350 Fleet
HONG KONG – In an unprecedented move, Cathay Pacific Airways has grounded its entire fleet of Airbus A350 aircraft following the discovery of a faulty engine component. The Hong Kong-based airline took swift action after pilots encountered an engine failure … Continue reading Cathay Pacific Grounds Entire A350 Fleet
Crowdstrike update cost DELTA $500 million
WASHINGTON – The conflict between Delta Air Lines and Microsoft, which arose from the IT outage in July 2023, demonstrates the complexity and interdependencies in modern digital infrastructure. The incident, triggered by a faulty software update from CrowdStrike, led to … Continue reading Crowdstrike update cost DELTA $500 million
Lufthansa Group’s Expansion: Acquiring ITA Airways
FRANKFURT/M – In a landmark decision, the European Commission has given the green light for Lufthansa Group’s acquisition of a 41 percent stake in ITA Airways, paving the way for a full takeover. This move is not just a mere … Continue reading Lufthansa Group’s Expansion: Acquiring ITA Airways
Lufthansa Group generates profit of 2.7 billion euros
FRANKFURT – “The Lufthansa Group has regained its financial strength. I would like to thank our customers for their continued loyalty and every one of our approximately 100,000 employees. With their above-average commitment, they made 2023 one of the three … Continue reading Lufthansa Group generates profit of 2.7 billion euros
International flight bookings near 2019 levels
ALEXANDRIA/VA (USA) – Flight bookings for international business travel this fall are nearing 2019 levels, in a sign of recovery, according to a travel data firm, but climate concerns and economic clouds could mute demand for work-related trips. Business travel … Continue reading International flight bookings near 2019 levels
Airbus sells Derazona Helicopter to Indonesia
JAKARTA – Airbus Helicopters has secured an H160 order from Derazona Helicopters in Indonesia, launching this new rotorcraft in the country’s oil and gas sector. The multi-mission H160 will play an important role in the expansion plans of the Indonesian operator … Continue reading Airbus sells Derazona Helicopter to Indonesia
Biotechnology solutions for aviation security
Toulouse – Airbus and Koniku Inc. have made a significant step forward in the co-development of a solution for aircraft and airport security operations by extending research activities to include biological hazard detection capabilities, as well as chemical and explosive threats. … Continue reading Biotechnology solutions for aviation security
IATA: Industry Losses to Top $84 Billion in 2020
Geneva – The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to … Continue reading IATA: Industry Losses to Top $84 Billion in 2020