Deutsche Lufthansa AG’s pay skirmish with its pilots, already among the best paid in Europe, stands in contrast to rival IAG SA’s success in slashing wages - - and reaping investors’ reward in the process.
Hong Kong billionaire Li Ka-Shing ’s Cheung Kong Infrastructure Holdings Ltd. dropped out as a potential bidder for Britain’s high-speed rail link to the Channel Tunnel, said two people with knowledge of the matter.
Forth Ports Plc , which yesterday agreed to a 746 million-pound ($1.21 billion) cash takeover, would have informed shareholders of any prospective counterbid, Chief Executive Officer Charles Hammond said in an interview.
Deutsche Lufthansa AG may shift a swathe of flights to a new low-cost division operating as many as 90 jets as the German carrier follows Air France-KLM Group in seeking to end years of losses on European routes.
Deutsche Bahn AG is set to win European antitrust approval for its 1.6 billion-pound ($2.5 billion) purchase of Arriva Plc after offering to sell the U.K. company’s assets in Germany, according to two people with knowledge of the matter.
Deutsche Lufthansa AG, Europe’s second-largest airline, has hired an investment banking adviser to push ahead with the sale of a stake in the world’s biggest inflight caterer, people familiar with the matter said.
Flybe Group Plc rose 13 percent, leading advancing stocks on the FTSE All-Share Index, after Europe’s biggest regional airline said it’s in talks to sell take-off and landing slots at London Gatwick airport.
Even before sealing a merger of British Airways and Spain’s Iberia, Willie Walsh, the deal’s architect, said he had 12 more targets in his sights. Eighteen months later, he may have more opportunities than he can handle.