Lufthansa Group acquires NIKI and Luftfahrtgesellschaft Walter Purchase is subject to approval by the competition authorities Purchasing price of approximately 210 million euros agreed on After intense negotiations over the past few weeks, Deutsche Lufthansa AG and the Air Berlin Group have signed a contract today regarding the purchase of NIKI Luftfahrt GmbH (NIKI) and Luftfahrtgesell...
Investment of just under 60 million euros Around 200 cutting-edge workplaces Focus on strong growth for the future A grand ceremony took place in the presence of Hesse's Minister for Finance, Dr. Thomas Schäfer, today to mark the opening of the new wheels and brakes workshop by Lufthansa Technik AG at the Frankfurt East Harbor location. Taking just two years...
RUAG Aviation in Munich fulfilled a 15-month and 30-month heavy maintenance inspection on a Gulfstream G550. Long-time partner Sky-Tech Maintenance Service SL awarded the contract which was optimised to include full aircraft painting and engine maintenance. The Gulfstream G550 project ran according to schedule and was delivered to complete customer satisfaction. “The full selection o...
On the occasion of their general meeting on 13th September 2017 at the IntercityHotel, the Air Cargo Community Frankfurt warmly welcomed their new members. As of now the freight forwarders a. hartrodt, AF Logistik, Bolloré and Hermes will support the work of the community. An additional member has also joined the group of airlines: BDA Logistics Innovation, specialized in time critical t...
The H145 simulator at the Airbus Helicopters Training Academy in Germany has been awarded level D status by the German Federal Aviation Office – the highest possible certification for a full flight simulator. With such airworthiness authority approval, more training hours accumulated by pilots in the full flight simulator are now authorized to be logged as actual flight hours. The simulat...
Ryanair, Europe’s No.1 airline, announced an additional three based aircraft to bring it to a total of 10 ($1billion) at Frankfurt Main airport. The Frankfurt summer 2018 schedule includes 38 (34 new) Frankfurt Main routes and 43 (1 new) Frankfurt Hahn routes which will deliver over 4.7m customers p.a. through Ryanair’s two Frankfurt airports next year. Ryanair’s Frankfurt S18...
Ryanair, Europe’s No. 1 airline, on 30 Aug 2017 urged the German Bundeskartellamt and the EU Commission to block the stitch-up between the German Government, Lufthansa and Air Berlin to carve up Air Berlin’s assets, while excluding major competitors and ignoring both competition and State Aid rules, and called for immediate action to block this anti-consumer take-over. This ins...
Components for the 50th A320 Family aircraft to be built in the United States are now on their way to Mobile, Alabama, marking another milestone for Airbus’ global network of jetliner final assembly facilities. A sea-going ship carrying large components for the single-aisle jetliner – including the front and aft fuselage sections, wings, vertical tail and horizontal tail &ndash...
Air Berlin’s (AB1.DE) frequent flyer programme filed for insolvency on Friday, bad news for members with points on their accounts, which they can no longer use. The frequent flyer programme Top Bonus had already stopped members from using and collecting points amid uncertainty about its future after Air Berlin itself filed for insolvency last week. “Because of the situation with...
In order to continue with its restructuring, airberlin has filed a provisional insolvency proceeding in self-administration at the local court of Berlin-Charlottenburg today. Lufthansa is supporting the restructuring efforts of the airline jointly with the German Government. This also ensures that all aircraft that are currently operated by airberlin under a wet lease agreement for Eurowings an...
HNA Group announced that it has completed the previously announced acquisition of an 82.5% equity interest in Frankfurt-Hahn Airport from the state of Rhineland-Palatinate. The transaction is valued at €15.1 million. HNA Group issued the following statement regarding the closing of the transaction: “We are pleased to complete the acquisition of Frankfurt-Hahn Airport, which we bel...
MTU Aero Engines AG generated revenues of €2,548.0 million in the first six months of 2017, up 11% on the previous year (1-6/16: €2,299.2 million). The group’s operating profit increased by 26% from €254.1 million to €320.8 million, resulting in an EBIT margin of 12.6% (1-6/16: 11.1%). Earnings after tax increased by 29% from €176.1 million to €227.5 million....
