Combined Market Cap of World’s Largest Airlines Plunges by $12B as COVID-19 Cases Climb

sysadmForeign Airline News, Highlights, News Updates

Airline companies are still far from pre-pandemic profit and sales as some of their businesses, like business travel, are not even comparable to normal levels. However, the growing number of COVID-19 cases, fears of new travel restrictions due to Delta variant and concerns about the economic recovery caused a new hit to airlines stocks. According to data presented by BuyShares.co.uk, …

ABL Aviation Secures JOLCO Financing Of Two A350s For Lufthansa

sysadmForeign Airline News, Headlines, Highlights, News Updates

ABL Aviation said it has closed another Japanese operating lease with call option (JOLCO) arranging the equity portion of two Airbus A350-900s aircraft for Lufthansa.   ABL Aviation said this is the first transaction it has completed with Lufthansa, and it was efficiently managed and closed in a short timeframe, with the financing secured for both A350 aircraft by the …

Lufthansa, SWISS Partner With Airlink To Offer Convenient Travel Connections In Southern Africa

sysadmAfrican Airline News, Highlights

Lufthansa and SWISS are partnering with Airlink, to offer customers access to over 25 domestic destinations in South Africa, including Bloemfontein, George, Upington, Skukuza, Nelspruit, Hoedspruit and Port Elizabeth – as well as over 20 regional destinations in Southern Africa, such as Gaborone, Kasane, Vilanculos, Maun, Victoria Falls, Maputo, Windhoek, Harare, Lusaka, Ndola, Bulawayo and many more. The interline agreement …

Lufthansa is resizing its operation to adjust to the impact of the COVID-19

Lufthansa Launches Second Set Of Measures Of Its Restructuring Program

sysadmForeign Airline News, Headlines, Highlights, News, News Updates

The Executive Board of Deutsche Lufthansa AG said it has approved a second set of measures as part of its overall restructuring program in the wake of the coronavirus crisis. With the first set of measures launched in early April it had been decided, among other things, to reduce the fleet by 100 aircraft and not to resume the flight …