Lufthansa has agreed to the terms of the German Federal Cartel Office to increase its stake in German regional Eurowings to 49%. It will hand over several routes, as well as slots at Frankfurt, Munich and Dusseldorf, to another regional European Air Express (EAE). Eurowings will also sell five ATR-42 turboprops to EAE and the Moenchgladbach-based carrier will be protected from any increase in Lufthansa capacity for three years.
Source: Airline Business
Lufthansa Group expects to close its deal to acquire a 41% stake in ITA Airways in the fourth quarter after securing conditional European Commission clearance for the transaction.
Air France-KLM has warned that travellers avoiding Paris due to the forthcoming Olympic Games could cause a revenue hit of up to €180 million ($193 million) at its French operations.
WestJet’s operations over the long Canada Day weekend have been massively disrupted by striking mechanics, forcing the airline to cancel hundreds of flights and disrupt the air travel plans of thousands of passengers.
