Just hours after Lufthansa’s former CEO Wolfgang Mayrhuber withdrew his candidacy to become Deutsche Lufthansa AG supervisory board chairman, Lufthansa announced it would stand by him.
Lufthansa’s former CEO Wolfgang Mayrhuber has withdrawn his candidacy to become Deutsche Lufthansa AG supervisory board chairman due to criticism from shareholders.
Air Canada, coming off a loss-making first quarter, is counting on the development of its international network to enable it to eventually achieve “sustained profitability.”
Air France-KLM Group reported a first-quarter negative net income of €630 million ($827.6 million), widened from a loss of €379 million in the year-ago period.
Qatar Airways has reportedly said it would receive compensation from Boeing for the Jan. 16 grounding of the carrier’s five 787s, which should be placed in service with battery system modifications before the end of the month.
Improvement in air cargo traffic growth “has stalled,” IATA reported, citing a 2.3% year-over-year decline in total global airfreight traffic in March.
LATAM Airline Group, the merger of Chile’s LAN Airlines and Brazil’s TAM Airlines, will meet June 11 to discuss expanding its capital $1 billion through the issuance of ordinary shares.
Alaska Airlines’ flight attendants, represented by the Association of Flight Attendants (AFA), have filed for mediation with the National Mediation Board, AFA said in a statement.
Flight attendants for Compass Airlines, a Delta Connection carrier, have ratified their first contract with assistance from the National Mediation Board.
Lufthansa Group posted a first-quarter net loss of €459 million ($605.1 million), widened 16.5% from a net loss of €394 million in the year-ago period.
Oneworld CEO Bruce Ashby believes the new cooperation Qantas, a founding alliance member, and non-alliance member Emirates, will not hurt other alliance partners such as American Airlines or British Airways.
Air Lease Corp. announced long-term lease agreements with Korean Air for two new Boeing 777-300ER aircraft, which are scheduled for delivery in November 2014 and May 2015.
Lufthansa and the Verdi union, which represents the German carrier’s ground staff, have struck a new 26-month pay deal ending bitter tensions between the two sides.
The US National Transportation Safety Board (NTSB) is assisting the Afghanistan Ministry of Transportation and Commercial Aviation in the investigation of the crash of a National Airlines Boeing 747-400 freighter shortly after takeoff from Bagram Air Base in Afghanistan Monday.
