Previously on September 26, 2017, Lufthansa’s Supervisory Board approved and announced the rapid growth of its lower-cost Eurowings, especially in Europe:
The Supervisory Board of Deutsche Lufthansa AG approved the rapid expansion of the Eurowings Group at its meeting in September 2017. For this purpose, an investment framework of around EUR 1 billion was approved for the purchase and leasing of aircraft. The funds were used towards obtaining up to 61 aircraft, including 41 Airbus A320 Family aircraft and 20 Bombardier Q400s.
During the summer of 2017, Lufthansa wet leased 20 aircraft operated for Eurowings under the existing wet lease agreement with Airberlin; 15 by acquisition and five more leased with a purchasing option.
The Eurowings Group is expected to require up to 3,000 additional jobs in the cockpit and cabin operations, due to the hiring and intended acquisition of companies of the Air Berlin Group. Job advertisements and staffing have already started.
Carsten Spohr, Chairman of the Executive Board of Deutsche Lufthansa AG: “We now have the great opportunity to take a decisive step forward with Eurowings in Europe. The Supervisory Board and the Executive Board agree that we are determined to seize this opportunity. With the approval of an additional investment framework for the acquisition of aircraft, the necessary preconditions have now been met. For Eurowings, it will be a major challenge to cope with the rapid growth. I am particularly pleased that this will enable us to offer up to 3,000 new employees a secure perspective in the Eurowings Group.”
Above Copyright Photo: Adria Airways Airbus A319-132 S5-AAR (msn 4301) ZRH (Rolf Wallner). Image: 912192.
The airline is growing so fast, it is leasing in aircraft from other airlines to meet the expansion in the first quarter of 2018 following the failure of Airberlin. Adria Airways (above) will operate Airbus A319s from the Cologne/Bonn hub for Eurowings. Czech Airlines will operate its Airbus A319s for Eurowings from Hamburg (below).
Above Copyright Photo: Czech Airlines-CSA Airbus A319-112 OK-MEK (msn 3043) LHR (SPA). Image: 940351.
Air Europa will operate its Boeing 737-800s from Munich and Stuttgart for Eurowings (below).
Above Copyright Photo: Air Europa Boeing 737-85P WL EC-MKL (msn 60585) (30 Anos) ZRH (Andi Hiltl). Image: 940226.
The carrier has already launched a significant amount of new routes in the fourth quarter of 2017 and will continue in early 2018.
Here is the full list of new routes by country: CLICK HERE
Top Copyright Photo (all others by Eurowings): Eurowings (Airberlin) Airbus A320-214 D-ABNI (msn 1717) BSL (Paul Bannwarth). Image: 937576.
Eurowings aircraft slide show:
Eurowings destination Europe:
Czech Airlines-CSA (Prague) has been forced to lay off 280 staff members, a third of its workforce, including 70 pilots due to slumping traffic. The company is restructuring to meet the current conditions. As part of this restructuring, the company is grounding or leasing out its six Airbus A320s as it attempts to reduce its fleet according to Reuters. Tragically the airline has put its emphasis on serving destinations in eastern Europe. The current on-going conflict in the eastern Ukraine has translated to a drop in traffic.
The holding company of the flag carrier issued this statement:
The new Czech Aeroholding management reviewed in detail the economic results of all companies incorporated in the Czech Aeroholding Group, including Czech Airlines, upon its appointment at the turn of June and July 2014. The second largest shareholder, Korean Air, was then informed about the situation in Czech Airlines, too. Together, they agreed to draft a restructuring plan with the goal of keeping the current revenue upon decreased costs. This plan was unanimously approved by all shareholders in a General Meeting at the beginning of September. Several restructuring measures, predominantly in the revenue area such as a new one-way tickets concept, flight schedule changes and changes to the company’s transport network (including those in the Russian market), have already brought first results. For the first time in several years, Czech Airlines will record a net operational profit for the entire summer season. Concurrent with the restructuring plan, negotiations among all shareholder regarding investments into Czech Airlines are currently in progress. Upon their closing, Czech Aeroholding and all shareholders will inform the general public of their future steps in regards to Czech Airlines.
Copyright Photo: OSDU/AirlinersGallery.com. Airbus A320-214 OK-MEI (msn 3060) in the special “Prague Love You – Prague Airport” arrives at Moscow (Sheremetyevo) from Prague.
Czech Airlines-CSA (Prague) will place its newly-acquired Airbus A330-300 into revenue service tomorrow (June 1) from Prague to Seoul (Incheon). The airliner was delivered on may 14 and is leased from its new partner Korean Airlines (Seoul).
Copyright Photos: Czech Airlines. Airbus A330-323X OK-YBA (msn 425) is now wearing this new 90 Years 1923-2013 logo.
Video (in Czech): OK-YBA’s arrival in Prague on May 14.
Czech Airlines-CSA (Prague) has a new savior. Announced last month, Korean Air (Seoul) finalized its 44 percent investment in the flag carrier yesterday (April 11). The Czech government has now been successful in finding a viable airline partner to help the struggling carrier survive the difficult current environment in Europe. Without a new partner, Czech Airlines would have been liquidated by the government.
However Korean Air has publicly stated it is not interested in managing the the Czech carrier. Korean Air is likely to use its new investment as a feeder airline for its Asian flights.
Read the full report from Reuters: CLICK HERE
Copyright Photo: Pascal Simon. Airbus A319-112 OK-NEM (msn 3406) slips into Zurich after a short hop from Prague.
Czech Airlines-CSA (Prague) will have a new airline partner. The Czech government has approved Korean Air‘s (Seoul) $3.4 million offer to acquire 44 percent of the stock of state-owned Czech Airlines.
Read the full report from The Financial Times: CLICK HERE
Copyright Photo: Keith Burton. Airbus A320-214 OK-GEB (msn 1450) departs from Southend.
Qatar Airways (Doha) is interested in the privatization of Czech Airlines-CSA (Prague) according to this report by Reuters. However the Gulf carrier has not yet made a decision on whether it will bid for the flag carrier.
Read the full report: CLICK HERE
Top Copyright Photo: Dave Glendinning. Brand-new Boeing 787-8 Dreamliner A7-BCL (msn 38330) made its first visit to London (Heathrow) on December 13 where it is pictured landing on the historic first flight.
Bottom Copyright Photo: Ole Simon. Airbus A319-112 OK-NEO (msn 3452) prepares to land at Stockholm (Arlanda).