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Apr 22, 2014

Lufthansa plans no buyback despite rise in foreign shareholdings

FRANKFURT (Reuters) – German airline Lufthansa dismissed the risk of it coming under undue foreign influence despite the percentage of non-Germans owning its shares rising to more than 40 percent, a move that could trigger a defensive buyback of its shares.

Germany’s biggest airline said the total shareholding of non-German investors had reached 40.69 percent, but it was not planning any buyback for the moment. It said an analysis of its shareholder register gave no reason to believe there was any immediate danger of excessive foreign control.

Apr 14, 2014

Faster Wi-Fi on flights leads to battle in the sky

NEW YORK/HAMBURG (Reuters) – Wi-Fi in the sky is taking off, promising much better connections for travelers and a bonanza for the companies that sell the systems.

With satellite-based Wi-Fi, Internet speeds on jetliners are getting lightning fast. And airlines are finding that travelers expect connections in the air to rival those on the ground – and at lower cost.

Apr 10, 2014

Aircraft suppliers woo with new tech in a tablet-toting world

HAMBURG, April 10 (Reuters) – Ever fancied seeing your name
in lights as you boarded a plane? A hologram to take you through
your in-flight entertainment options? Or how about something
simpler, like an easy place to rest your tablet?

Exhibitors at the Aircraft Interiors Expo in Hamburg
demonstrated these ideas and more as they sought to win airline
customers with new seats, lighting and entertainment systems.

Apr 3, 2014

Europe launches satellite to monitor environment, disasters

DARMSTADT, Germany (Reuters) – Europe on Thursday launched the first satellite of its multibillion-euro Copernicus Earth observation project that will supply valuable images in the event of natural disasters or even a plane crash.

The Sentinel-1a satellite, which blasted off into Earth’s orbit from Europe’s spaceport in French Guiana at 5.02 p.m. ET, will be used to monitor sea ice, oil spills and land use and to respond to emergencies such as floods and earthquakes.

Apr 3, 2014

“Irresponsible” Lufthansa pilots vilified in Germany over strike

FRANKFURT/BERLIN, April 3 (Reuters) – Pilots on strike at
Lufthansa faced withering criticism across Germany and
even from their co-workers for demanding higher pay and early
retirement terms even though they rank among the country’s
best-paid workers.

Political leaders joined newspaper editorials and TV
commentators in lambasting the 5,400 pilots who have all but
shut down Germany’s largest airline and disrupted 425,000
passengers during their three-day walk-out until midnight

Apr 2, 2014

Lufthansa grounded by three-day pilot strike

FRANKFURT (Reuters) – A three-day strike by pilots at Lufthansa over early retirement, which has grounded Germany’s largest airline, shows no sign of ending early after management said there would be no further talks during the strike period.

Lufthansa has cancelled 3,800 flights during the strike, which runs until the end of Friday, and says the stoppage will cost it tens of millions of euros.

Mar 28, 2014

Three-day Lufthansa pilots’ strike to disrupt travel next week

FRANKFURT, March 28 (Reuters) – Pilots at Lufthansa
will hold a three-day strike next week in a row over
retirement conditions, their union said on Friday, bringing more
disruption to travellers after a spate of industrial action at
German airports.

The pilots’ strike, which will run from 2200 GMT on April 1
until 2159 GMT on April 4, is likely to cause the cancellation
of hundreds of flights, and will be the third strike to hit
Frankfurt airport, Europe’s third-largest hub and Lufthansa’s
home base, in six weeks.

Mar 21, 2014

Pilots at Germany’s Lufthansa vote for strike

FRANKFURT, March 21 (Reuters) – German airline Lufthansa
is facing more strike woes after pilots voted to
bolster their demands for better pay and working conditions with
industrial action.

More than 90 percent of the German flagship carrier’s pilots
voted in favour of going on strike, union Vereinigung Cockpit
(VC), which represents about 5,400 Lufthansa pilots, said on

Mar 19, 2014

Missing Malaysia plane puts new satellite sensors in the spotlight

FRANKFURT/WASHINGTON (Reuters) – The unexplained fate of Malaysia Airlines flight MH370 has thrown the spotlight on some satellite technologies that will make it easier in future for authorities to track and communicate with aircraft over water and uninhabited areas.

The plane vanished from radar screens on March 8 with 239 people aboard. Investigators believe it most likely flew into the southern Indian Ocean.

Mar 13, 2014

Lufthansa restores dividend as revamp bears fruit

FRANKFURT, March 13 (Reuters) – Lufthansa,
Germany’s largest airline, restored its dividend payout and
forecast operating profit would rise more than expected this
year, as cost cutting and restructuring at its passenger
business bear fruit.

Shares in the group jumped almost 8 percent in early
Thursday trading to their highest level since the end of 2007.

    • 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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