The German government has approved a bill for Lufthansa's full privatisation ahead of the flotation of the state's remaining 35.68 per cent stake later this year. Foreign ownership will be capped at 50 per cent. Three-fifths of Lufthansa's employees have acquired the equivalent of 0.5 per cent of its capital stock through an Esop.
Source: Airline Business
Sun Country Airlines has curtailed growth plans for the second half of 2024, becoming the latest US discount carrier to do so in response to sagging fares what executives describe as an over supply of seats.
Aer Lingus hopes to reignite plans to introduce the Airbus A321XLR into its fleet following the signing of a new labour agreement with its pilots in July.
Air Europa’s improved performance since 2021 made it harder to identify sufficient remedies during IAG’s second failed attempt to acquire the Spanish carrier, according to the European Commission.
