Deutsche Lufthansa AG, Europe’s second-largest airline, hasn’t decided yet if it wants to sell its U.K.-based BMI unit and remains focused on “restructuring” the money-losing carrier, a spokesman said.
Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr, who took over yesterday, will assume direct responsibility for development of the group’s route network and the strategy of individual airline brands.
British Airways Plc said European carriers are seeking compensation as unprecedented airspace closings following the volcanic eruption in Iceland cost the industry an estimated $300 million a day in lost sales.
German stocks fell as an Icelandic volcanic ash cloud continued to ground air traffic across Europe and Germany asked the U.S. Securities and Exchange Commission for details on its suit against Goldman Sachs Group Inc.
Emirates, the No. 1 airline on international routes, is interested in buying the world’s leading inflight catering business from Deutsche Lufthansa AG, the head of the Dubai-based company’s Dnata services arm said.
Singapore Airlines Ltd. will take three Airbus SAS A380s out of service for as long as 48 hours to change Rolls-Royce Group Plc engines following a turbine blowout on a Qantas Airways Ltd. flight last week.
Deutsche Lufthansa AG’s new chief executive officer identified the menace of fast-expanding Gulf carriers such as Dubai-based Emirates as his biggest challenge, threatening to reopen a war of words with Mid-East operators.