Victoria's Feed
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

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

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.

Aug 7, 2014

German companies start to feel the pain of Russia crisis

BERLIN, Aug 7 (Reuters) – Companies in Germany, Russia’s
biggest trade partner in the European Union, are starting to
feel the pain of a deepening standoff between the West and
Moscow, with firms from defence to car manufacturing warning
about a hit to business.

Germany sold about 36 billion euros ($48 billion) of goods
to Russia last year, almost a third of the EU’s total, and some
6,200 German firms are active there with 20 billion euros of

Aug 6, 2014

IATA eyes risks from Ebola, Russia to air travel demand

BERLIN, Aug 6 (Reuters) – The outbreak of the Ebola virus in
West Africa, conflict in the Middle East and a possible trade
war with Russia could all hurt air travel this year, a leading
industry group said.

“All have the potential to dent demand,” Tony Tyler,
Director General of the International Air Transport Association
(IATA), which represents around 240 airlines, said on Wednesday.

Jul 31, 2014

Lufthansa profit falls short as ticket prices dip, strikes hurt

BERLIN, July 31 (Reuters) – Lufthansa, Europe’s
largest airline by revenue, reported lower than expected
second-quarter profit as ticket prices fell on North American,
Asian and European routes and strike action weighed.

“We are not happy with the second quarter … We have a lot
of catching up to do in the summer,” Chief Financial Officer
Simone Menne told journalists on Thursday.

Jul 22, 2014

Airlines body says governments should lead review of airspace risks

BERLIN, July 22 (Reuters) – Governments should take the lead
in reviewing how risk assessments for airspace are made, the
head of the International Air Transport Association said,
sidestepping calls for a conference of global airlines on the

The issue of flying over conflict zones is in focus after
Malaysia Airlines flight MH17 was shot down over
rebel-held territory in eastern Ukraine on Thursday.

    • 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."
    • Follow Victoria