Victoria's Feed
Jul 7, 2014

New Lufthansa CEO may step up challenge to low-cost rivals

BERLIN/FRANKFURT, July 7 (Reuters) – With state-owned Gulf
airlines and low-cost rivals poaching more of its customers,
Germany’s biggest airline Lufthansa may have decided
it has little choice but to join them.

New Chief Executive Carsten Spohr will say this week how he
aims to win back investors after a profit warning knocked $2
billion off Lufthansa’s market value. A new round of cost cuts,
a deeper push into cheaper no-frills services or a possible
alliance with a Middle Eastern airline could be on the menu.

Jul 2, 2014

Germany will study security aspects of proposed defence merger

BERLIN, July 2 (Reuters) – A proposed Franco-German defence
merger to create Europe’s biggest maker of tanks and other
ground armaments would be scrutinised to see if it threatens
Germany’s security interests, the German economy ministry said.

The deal between France’s Nexter and Germany’s Krauss-Maffei
Wegmann (KMW), announced on Tuesday, was heralded as a means of
cutting costs among arms suppliers at a time when defence
spending is under pressure.

Jun 27, 2014

TUI Travel, TUI AG revive merger plans to create travel giant

FRANKFURT, June 27 (Reuters) – Europe’s biggest tour
operator TUI Travel and its majority owner TUI AG plan to
merge in an all-share, nil-premium deal worth around 4.4 billion
pounds ($7.49 billion) to cut costs and create the world’s
largest leisure tourism group.

Investors have long expected such a tie-up since TUI Travel
was created in 2007 from the merger of Britain’s First Choice
and the travel business of TUI AG, which now owns
around 55 percent of the London-listed firm.

Jun 11, 2014

Lufthansa warns on profit, shares plunge

FRANKFURT (Reuters) – Lufthansa cut back its profit targets for the next two years on Wednesday citing competition from Middle East and low-cost rivals, sending shares of Europe’s biggest-selling airline plunging.

The warnings surprised investors after better-than-expected results in May and come just over a month after new chief executive Carsten Spohr took charge.

Jun 5, 2014

Germany’s Henkel expands laundry brands with $1.3 billion French deal

FRANKFURT/LONDON (Reuters) – Henkel & Co plans to buy French household cleaner maker Spotless, for 940 million euros ($1.28 billion) cash, its second purchase in a week as the German consumer goods company builds its presence in large, profitable, mature markets.

Henkel is buying Spotless from London-based private equity firm BC Partners, adding Eau Ecarlate and Dylon laundry products to a portfolio that already includes Persil detergent, Loctite adhesives and Schwarzkopf hair products.

Jun 3, 2014

Airlines’ summit highlights shift of power to Gulf carriers

DOHA/DUBAI, June 3 (Reuters) – Qatar sealed its position at
the centre of a new aviation map this week as host to the annual
meeting of the global airline industry’s International Air
Transport Association (IATA), but the Gulf country and its
neighbours drew criticism from rivals about trade and investment
policies.

Senior representatives of over 200 airlines attended the
IATA meeting in Doha, making Qatar the first Gulf country to
host the summit, which was attended by its fiercest critics.

Jun 3, 2014

Airlines debate costs of aircraft tracking after Malaysian’s loss

DOHA (Reuters) – Moves by airlines to keep track of their aircraft in real time following the disappearance of Malaysian Airlines’ flight MH370 could push up ticket prices for passengers – but governments should also foot part of the bill, airline industry leaders said on Tuesday.

Senior executives attending the International Air Transport Association’s (IATA) annual meeting in Doha this week said they needed to install a tracking system to ensure no more airliners could simply vanish as the Malaysia Airlines Boeing 777-200ER did in March.

Jun 3, 2014

Air cargo carriers battle competition from seas, passenger planes

DOHA, June 3 (Reuters) – As more cargo shifts to passenger
planes and back onto the seas, airlines are having to rethink
their cargo operations or risk the freighter plane becoming a
thing of the past.

While some carriers have already reduced the number of
freighter planes they operate, more drastic changes to shorten
transport times and regain ground lost to the shipping industry
are needed, delegates at an annual airline meeting in Doha said.

Jun 2, 2014

Bombardier ‘narrowing cause’ of engine hitch on new CSeries jet

DOHA, June 2 (Reuters) – Canada’s Bombardier has
narrowed its investigation of an engine failure on its new
CSeries shorthaul airliner to a few possible causes and hopes to
understand more later this week, the head of its aerospace
operations said on Monday.

The test aircraft suffered an “engine-related incident” on
its newly developed Pratt & Whitney turbofan engine
during stationary maintenance testing last Thursday.

Jun 2, 2014

Airlines look for ways to swiftly adopt aircraft tracking system

DOHA (Reuters) – Mystified by the loss of Malaysian jetliner MH370, some airlines will not wait for an industrywide solution to keeping track of their aircraft flights in real time, provided products are offered at the right price, industry executives said on Monday.

The disappearance of Malaysian Airline Systems’ flight MH370 almost three months ago has prompted calls for real-time tracking of planes and even continuous streaming of black box data.

    • 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