Africa: Lufthansa sells 6% stake in Nigerian ground handling firm, NAHCO

Nigeria lufthansa

Germany’s Lufthansa Group has sold its 6% stake in Nigerian ground handling firm NAHCO. The Lagos-based company said in a Jan. 7 statement to the Nigerian Stock Exchange that Lufthansa had transferred all its 97.5 million shares, representing a 6% stake, to local firm Godsmart Nigeria Ltd. The value of the deal was not disclosed. Godsmart was already a NAHCO […]

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Aviation: Lufthansa reduces planned growth for 2019 as it achieves Adjusted EBIT of EUR 2.4 billion

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Lufthansa Group achieved an Adjusted EBIT of EUR 2.4 billion for the first nine months of 2018 – a 7.7 percent decline on the prior-year period which is primarily attributable to the integration costs at Eurowings. Adjusted EBIT margin for the period amounted to 8.8 percent. Nine-month results were also burdened by a EUR 536 million rise in fuel costs, […]

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Aviation: Lufthansa with new direct connections to Austin and Bangkok in summer 2019

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Lufthansa is further expanding its route network to the USA. The airline said from 3 May 2019, it will offer its first connections from Frankfurt to Austin (USA). This is Lufthansa’s third destination in Texas alongside Dallas/Fort Worth and Houston. Starting in summer 2019, an Airbus A330-300 will be in service five times a week on the route between Frankfurt […]

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Aviation: Lufthansa offers German astronaut’s meals on long-haul flights from Germany

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Space enthusiasts have something to look forward to! Still until the end of August, Lufthansa will be offering its Business Class passengers on long-haul flights departing from Germany the opportunity to experience what life is like in outer space – at least in culinary terms. Passengers will have the chance to enjoy one of the menus that German born astronaut, […]

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Aviation: Lufthansa offers six new tourist destinations departing from Frankfurt and Munich to escape the winter

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German carriers, Lufthansa has said it is offering six new tourist destinations to its passengers departing from Frankfurt and Munich to escape the winter. The carrier said all destinations are seamlessly reachable from Nigeria via Frankfurt its hub. Lufthansa stated that it now flies from Frankfurt and Munich to Eilat (Ovda), the attractive holiday resort on the Red Sea in […]

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Aviation: Lufthansa Group positions itself to claim bigger pie of Africa’s skies

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Airlines operating under the Lufthansa Group have increased their marketing collaboration in a bid to claim a bigger share of Africa’s air traffic, which is expected to increase by eight per cent this year. Austrian Airlines, Brussels Airlines, Edelweiss, Eurowings, Lufthansa and SWISS will now fully integrate their sales activities in Africa, the group has announced. This comes in the […]

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Africa: “Why we cancelled Lufthansa ‘Transaction Adviser’ Contract” -Nigeria Aviation Minister

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The Minister of State for Aviation, Hadi Sirika, has said that the delay in the establishment of a national carrier was occasioned by the counter offer by the transaction advisers it earlier appointed. Mr. Sirika, while addressing stakeholders on Thursday at the 4th Aviation Stakeholders Forum in Abuja, said the Lufthansa Group earlier appointed by the Federal Government failed to […]

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Aviation: Lufthansa Group achieves best result in its history as it earns EUR 35.6 billion in revenue for 2017 operational Year

Nigeria lufthansa

German carrier, Lufthansa Group, has declared that it has achieved the best result in its history of operation in the global aviation industry. The airline group in a press release said results for its 2017 showed that adjusted Earnings Before Interest and Tax (EBIT) increased around 70 percent to some EUR b billion and adjusted EBIT margins raised 2.9 percentage […]

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Aviation: Lufthansa maybe the largest Airline in Europe but British Airways IAG is the most profitable

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Lufthansa Group has over 100 more aircraft than second ranked IAG and number three Air France-KLM, thanks to narrowbody and regional aircraft, while all three have similar widebody numbers. Data from the CAPA Fleet Database illustrate IAG’s comparative focus on long haul, Lufthansa Group’s on short/medium haul and a comparatively balanced approach by Air France-KLM. Lufthansa’s fleet is also the […]

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Africa: Lufthansa explains ‘Height dropping’ incident on Abuja Frankfurt flight

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German carrier, Lufthansa Air has picked holes in news making the round on some website on an incident involving the airline’s Frankfurt bound flight on Sunday February 18th, 2018. According to a report by premiumtimesng.com, the Frankfurt-bound flight which took from Abuja suddenly came down midair from 35,000 feet to 5,000 feet, which sent shivers into the spine of passengers […]

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