Lufthansa Cargo (GEC, Frankfurt Int'l) will be implementing staff layoffs as part of a EUR40 million (US$44 million) cost-cutting drive dubbed 'C-40', CEO Peter Gerber has told German business paper Handelsblatt.
While he did not confirm the exact number of employees that would be affected, Gerber said redundancies would be undertaken in a socially acceptable manner - partial retirements being an example.
Two MD-11(F)s will also be parked. With revenue and load factors declining 8.3% and 4.7% respectively for the first nine months of the current financial year, the Lufthansa (LH, Frankfurt Int'l) subsidiary registered a loss of EUR38 million (US$41.8 million).
Gerber blamed the fall on intense competition from the Gulf carriers as well as China. In particular, he called on the German government to better protect the country's local operators by penalizing foreign airlines found to be benefiting from state subsidization.
Viasat has significantly expanded the capacity of its JetXP in-flight connectivity service across the United States, delivering up to five times more bandwidth for business aviation customers equipped...
Velocity Maintenance Solutions, an FAA-certified provider of maintenance, repair and overhaul services, has announced a significant expansion of its facilities at Wilmington Airport (ILG) in Delaware,...
A Discover Airlines Airbus A330 has become the first Airbus aircraft worldwide to enter regular commercial service after undergoing a full-scale AeroSHARK retrofit, marking a signi...
Asco, a subsidiary of Montana Aerospace AG, achieves significant technological milestone in the development of a hybrid multi-material Rear Secondary Structure for Airbus. Montana Aerospace,...
