Key Developments: Deutsche Lufthansa AG (LHAG.DE)

LHAG.DE on Xetra

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15 Aug 2014
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Latest Key Developments (Source: Significant Developments)

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

Deutsche Lufthansa AG Cancels Flights Due To Union Strike-Reuters
Saturday, 20 Apr 2013 03:09pm EDT 

Reuters reported that Deutsche Lufthansa AG said it was cancelling almost 1,700 flights on April 22, 2013, mostly on domestic and short-haul European routes, as a result of planned strike action by thousands of workers calling for higher pay. Verdi, representing 33,000 staff at the airline, announced the strike action on April 19, 2013to put pressure on Lufthansa management to make a better pay offer. The union said the offer put forward by Lufthansa on Wednesday was 'scandalous.'  Full Article

Deutsche Lufthansa AG, Air Berlin Plc And Fraport Frankfurt Airport Services Worldwide AG Lose Strike Case Against Union-DJ
Monday, 25 Mar 2013 08:47am EDT 

Dow Jones reported that German airlines Deutsche Lufthansa AG and Air Berlin Plc and airport operator Fraport Frankfurt Airport Services Worldwide AG have lost a legal case against a labor union over industrial action in February last year, in a ruling Monday from the district court in the state of Hesse. The airlines and Fraport had sought damages of EUR9.19 million ($11.9 million) from the GdF union, which represents ground staff. Strike action called by GdF in early 2012 caused cancellations of almost 1,700 flights over a two-week period. Fraport said the strike was illegal because part of the union's demands were on aspects that were still covered by a valid labor agreement. The court agreed but decided those demands covered in the agreement were only subsidiary ones and the main reasons for the strike were legal. If those minor demands had not been included the industrial action would have had a similar impact and so the companies weren't entitled to damages. The airlines and Fraport plan to appeal the decision in the Hesse regional labor court.  Full Article

Deutsche Lufthansa AG’s Workers To Go On Strike-Reuters
Wednesday, 20 Mar 2013 05:42am EDT 

Reuters reported that Deutsche Lufthansa AG (Lufthansa) announced that German union Verdi has called on 33,000 workers to go on strike on March 21, 2013 to increase pressure on the airline in a dispute over wages and job security. The strike is expected to last for about five hours from 5am. In negotiations Verdi is demanding a 5.2% increase in wages for 12 months for employees on the ground at Lufthansa Cargo, Lufthansa Technik, Lufthansa Systems and catering unit LSG Sky Chefs, as well as a commitment by Lufthansa to safeguard jobs.  Full Article

Deutsche Lufthansa AG and Societe Generale To Sell 5.28% Of Amadeus IT Holding SA-Reuters
Tuesday, 13 Nov 2012 01:52pm EST 

Reuters reported that Deutsche Lufthansa AG (Lufthansa) and Societe Generale will sell 5.28% of Amadeus IT Holdings' (Amadeus’) share capital. Lufthansa will sell around 16 million of Amadeus shares, equivalent to 3.61% stake in Amadeus, while Societe Generale will place 1.66% of Amadeus' share capital.  Full Article

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Germanwings pilots start strike as Lufthansa row rumbles on

BERLIN - Pilots at Lufthansa's Germanwings started a six-hour strike on Friday, disrupting the travel plans of thousands of people returning from summer holidays, applying pressure on Lufthansa management in their dispute over a pension scheme.

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