Key Developments: Deutsche Lufthansa AG (LHAG.DE)

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Latest Key Developments (Source: Significant Developments)

Deutsche Lufthansa AG directed to pay compensation to flyer-Business Standard
Monday, 14 Jul 2014 02:15am EDT 

Deutsche Lufthansa AG:Has been directed by a consumer forum here to pay 0.45 mln Indian Rupees to a flyer for causing harassment and mental agony after his baggage went missing while flying from Frankfurt to London in 2007-Business Standard.New Delhi Consumer Disputes Redressal Forum directed the airline, whose office is located here, to pay 0.3 mln Indian Rupees ($5,000) as compensation to west Delhi resident Rajeev Vaderah for loss of his valuables and also 0.15 mln Indian Rupees as harassment and litigation expenses.  Full Article

Deutsche Lufthansa AG comments on FY 2014 and 2015 guidance
Wednesday, 11 Jun 2014 03:15am EDT 

Deutsche Lufthansa AG:Now expects FY 2014 operating result of about 1 billion euros.Says reason is weaker than expected revenue development in passenger and freight businesses.Now aims for FY 2015 operating result of about 2 billion euros.  Full Article

Deutsche Lufthansa AG pilot strike grounds jets-Business Standard
Wednesday, 2 Apr 2014 02:39pm EDT 

Deutsche Lufthansa AG:Cancelled thousands of flights at the start of a three-day strike by pilots-Business Standard.Some 3,315 services were suspended through April 4, with about 500 flights to be maintained, according Lufthansa.  Full Article

Deutsche Lufthansa AG proposes dividend - DJ
Friday, 14 Mar 2014 02:30am EDT 

Deutsche Lufthansa AG:Proposes dividend of 0.45 euro per share - Dow Jones.  Full Article

Deutsche Lufthansa AG's Lufthansa Technik Airmotive Ireland Considers Closing Down - Reuters
Friday, 15 Nov 2013 09:38am EST 

Reuters reported that Lufthansa Technik Airmotive Ireland (LTAI), a unit of German airline Deutsche Lufthansa AG, is considering closing down, Lufthansa's maintenance division said on November 15, 2013. LTAI - a jet engine overhaul facility in Rathcoole with 400 employees - will begin immediate negotiations with three trade unions and employee representatives, it said in a statement. The decision follows a review of operations at LTAI, in the context of declining revenues and shrinking international market opportunities, it said.  Full Article

Deutsche Lufthansa AG Comments on FY 2013 Guidance
Tuesday, 22 Oct 2013 02:52am EDT 

Deutsche Lufthansa AG announced that it expects its fiscal year 2013 operating result of EUR 600 million to EUR 700 million, and a revenue to be on par with last fiscal year 2012.  Full Article

Deutsche Lufthansa AG's Chairman of Executive Board and CEO to Resign
Monday, 16 Sep 2013 01:38am EDT 

Deutsche Lufthansa AG announced that Dr. Christoph Franz has informed the Company that he is not available for an extension of his contract as Chairman of the Executive Board and Chief Executive Officer (CEO). His current contract runs until May 31, 2014.  Full Article

Deutsche Lufthansa AG Close To EADS NV's Airbus, Boeing Co Jet Order-Reuters
Friday, 13 Sep 2013 06:25pm EDT 

Reuters reported that Deutsche Lufthansa AG is close to placing an order, split between EADS NV's Airbus and Boeing Co, for dozens of long-haul jets. The keenly awaited order, due to be announced next week, follows a contest between the planemakers for roughly 50 aircraft to renew the German flag carrier's long-distance fleet. It is expected to include the public commitment to buy a revamped 400-seat version of Boeing's 777 mini-jumbo, code-named 777-9X, which the planemaker aims to launch this year. The 406-seat Boeing 777-9X, equipped with new engines and wings, is expected to start flying passengers around the end of the decade. Lufthansa is also expected to order an estimated 20 to 25 of the smaller Airbus A350-900 aircraft. The 314-seat model is due to enter service in the second half of next year. A Lufthansa spokesman confirmed the airline was holding talks. EADS' Airbus, and Boeing Co both declined comment.  Full Article

Deutsche Lufthansa AG To Place $10 Billion Plane Order Next Month-Reuters
Thursday, 22 Aug 2013 02:49pm EDT 

Reuters reported that Deutsche Lufthansa AG's board of directors and supervisory board are expected to approve in mid-September 2013 an order for about 50 wide-body jets worth more than $10 billion at list prices. The German airline previously said it expected to place such an order in the second half of 2013. Lufthansa is evaluating Boeing Co's 787 Dreamliner, Boeing's still-to-be-launched 777X, and Airbus's A350, which made its maiden flight in June. Final approval of the order is expected at Lufthansa's September 18, 2013 supervisory board meeting, after the airline's executive board makes a preliminary decision,  Full Article

Deutsche Lufthansa AG In Advanced Talks to buy Jets From EADS NV's Airbus and Boeing Co
Monday, 3 Jun 2013 02:43am EDT 

Reuters reported that Deutsche Lufthansa AG is in advanced discussions with EADS NV's Airbus and Boeing Co to buy around 50 long-haul jets, Chief Executive Christoph Franz said. The German airline is evaluating Boeing's 777 and 787 families, including a new stretched version of the 787 Dreamliner, and the Airbus A350, he said in an interview.  Full Article

Pilots' union raps Lufthansa move to resume Israel route

FRANKFURT - Germany's pilots' union criticized a decision by Air Berlin and Lufthansa to resume flights to Israel, ending a ban imposed in response to fears that rockets fired from the Gaza Strip may hit aircraft.

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