Lufthansa Group subsidiary Austrian Airlines does not have strong enough finances to renew its long-haul fleet in the near future, Lufthansa CEO Carsten Spohr told Aviation Daily sister publication ATW. “Ten percent of our [Lufthansa Group] aircraft are based in Austria, but only 4% of the group’s profit is generated there. The refinancing for a new intercontinental fleet for Austrian is unaffordable right now,” Spohr said. He added that Austrian has not fully developed ...

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