Germany's competition authority has declared that it intends to block Lufthansa's proposed acquisition of a 49% stake in regional Eurowings because it will further extend the German flag carrier's domination of the domestic market. Lufthansa is fighting the move, and has been given until September to come up with proposals that address the concerns. The original deal sees Lufthansa extending its monopoly to 70 out of 86 domestic routes - an extra four.
Source: Airline Business
The Star Alliance carrier plans to reach C$30 billion in annual revenue in four years and to exceed that figure by decade’s end.
Australia’s Jetstar Airways has increased the number of aircraft based in New Zealand, as part of long-term expansion plans in the country.
Canada’s Transat AT reports a profitable fiscal fourth-quarter boosted by a C$34 million ($25 million) compensation agreement with geared turbofan (GTF) engine maker Pratt & Whitney.
