Lufthansa’s board of directors has approved the establishment of a low-cost subsidiary to provide services across Europe. The unit will be based at Cologne/Bonn Airport and will start operations Jan. 1. The German operator for years has been losing millions of euros on its European operations, despite attempts to reverse this trend with the 2002 launch of low-fare affiliate Germanwings. Following initial successes, the carrier was prohibited by contractual obligations from ...
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