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Aug 29, 2014

Germanwings pilots strike as Lufthansa row rumbles on

BERLIN (Reuters) – Pilots at Lufthansa’s (LHAG.DE: Quote, Profile, Research, Stock Buzz) budget carrier Germanwings staged a six-hour strike on Friday, disrupting travel plans of thousands of people returning from summer holidays and putting pressure on Lufthansa management in a pension scheme dispute.

Pilots’ union Vereinigung Cockpit (VC) wants Lufthansa to maintain an early retirement scheme that allows pilots to retire at 55 and still receive up to 60 percent of their pay until state pension payments kick in.

Aug 29, 2014

Germanwings pilots to strike in Lufthansa dispute

FRANKFURT/BERLIN, Aug 28 (Reuters) – A row at German airline
Lufthansa over an early retirement scheme for its
pilots shows no sign of being resolved any time soon after talks
broke down and a strike was announced for Friday at its low-cost
carrier Germanwings.

The Lufthansa pilots want the management to maintain a
scheme that allows them to retire early at 55 and still keep
some of their pay until they reach the age at which state
pension payments start.

Aug 28, 2014

Lufthansa pilots to strike again on Friday after talks break down

FRANKFURT/BERLIN (Reuters) – Lufthansa said talks with pilots over an early retirement scheme had ended without an agreement on Thursday, leading to strike action on Friday that will affect thousands of travellers coming back from summer holidays.

The Lufthansa pilots want the management to maintain the scheme that allows them to retire early at 55 and still keep some of their pay until they reach the age at which state pension payments start.

Aug 28, 2014

Pilots ramp up pressure on Lufthansa with Friday strike threat

FRANKFURT/BERLIN (Reuters) – Pilots at Lufthansa’s (LHAG.DE: Quote, Profile, Research, Stock Buzz) budget carrier said they would walk off the job on Friday if an agreement on an early retirement scheme is not reached, upping the pressure on the airline’s management for talks planned on Thursday.

Like their colleagues in other Lufthansa units, the pilots at low-cost carrier Germanwings want the management to maintain the scheme that allows them to retire early at 55 and still keep some of their pay until they reach the age at which state pension payments start. [ID:nL5N0QW4F3]

Aug 25, 2014

Lufthansa asks pilots to return to negotiating table

BERLIN, Aug 25 (Reuters) – Lufthansa has asked the
German pilots’ union VC to return to talks as the airline tries
to stave off another costly strike over changes to an early
retirement scheme.

Vereinigung Cockpit (VC), which represents most of
Lufthansa’s 5,400 pilots, decided in favour of imminent
industrial action after it said late on Friday that talks about
the scheme had failed.

Aug 25, 2014

Fancy investing in a plane? Crowdfunding site offers the chance

BERLIN, Aug 25 (Reuters) – Crowdfunding has been used to
finance everything from bands to business start-ups, social
causes and even plastic surgery. Now it’s being used to buy
planes.

A new online platform is attempting to attract investors to
finance the purchase of small regional passenger jets – deals
that have often struggled to find backing from traditional
lenders.

Aug 21, 2014

Puma buys stake to aid Dortmund’s pursuit of Bayern

BERLIN (Reuters) – Sponsors Puma, Evonik and Signal Iduna will buy a stake in Borussia Dortmund as the Ruhr Valley club raises funds to compete with Bayern Munich, the German league champions.

Dortmund BVB.DE said on Thursday they will issue up to 24.5 million shares in a capital increase worth up to 114.4 million euros (92 million pounds) to boost finances and reduce its debt.

Aug 21, 2014

Soccer-Dortmund to raise up to 114.4 mln euros in capital increase, Puma to buy stake

BERLIN, Aug 21 (Reuters) – German soccer club Borussia Dortmund will issue up to 24.5 million shares in a capital increase worth up to 114.4 million euros ($152 million), adding some of the proceeds would be used to pay off debt.

Shares in Dortmund BVB.DE will be offered at 4.66 euros, the club which is one of the richest in the Bundesliga, said.

Aug 15, 2014

Austrian Benko buys Germany’s Karstadt, set for overhaul

DUESSELDORF/BERLIN, Aug 15 (Reuters) – German department
store giant Karstadt is changing hands for the second time in
four years, with Austrian property investor Rene Benko set to
overhaul the loss-making chain.

A familiar sight in German cities and the owner of the
famous KaDeWe luxury department store in Berlin, Karstadt
competes with Kaufhof, which has capitalised on Karstadt’s woes
to gain market share. The two run around 100 stores each.

Aug 11, 2014

Frequent flyer schemes revamped to drive profits in tough times for airlines

BERLIN, Aug 11 (Reuters) – Beset by low air fares and
relentless competition, airlines around the world are waking up
to the value of their frequent flyer programmes and realising
they can boost profits as well as brand profile.

A multitude of global carriers – preserved by complex
cross-border ownership rules that curb dealmaking – means that
simply selling tickets is no longer lucrative. Industry body
IATA predicts a 3.5 percent drop in fares this year and for
airlines’ net profit margins to reach just 2.4 percent.

    • About Victoria

      "Based in Frankfurt, covering German companies in the retail, travel and leisure sectors. In my previous Reuters incarnation in London, I focused on green tech firms, utilities and an array of smallcaps that came my way on the Breaking News team. I started my career as a translator with the Financial Times in London before switching into journalism."
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