Lufthansa to boost fleet, invest in Munich Airport
Article Abstract:
Lufthansa revealed that it will purchase 42 new airplanes from Airbus Industrie, Boeing Co., and Canadian-based Bombardier Inc. to boost its existing aircraft fleet. The German airline will buy 10 long-haul A340-300 wide body jets and six A321-200 slim-body planes from Airbus, six MD11F cargo planes from Boeing's Douglas Products division, and 20 regional jets from Bombardier. Lufthansa will spend $2.3 billion for the said airplanes, priced at $3 billion in catalog prices. In other developments, Lufthansa also announced that it will make a 520 million marks ($307 million) investment in a German airport. It will purchase a 40% stake in a new second terminal at Munich for its exclusive use and the use of its partners.
Comment:
Will make a 520 mil marks ($307 mil) investment in a German airport by buying a 40% stake in a new second terminal at Munich
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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In-flight video and gaming devices aren't so entertaining for airlines
Article Abstract:
Major airlines' complaints over dissatisfaction in the advanced new in-flight entertainment systems result to friction between airlines and suppliers. British Airways, for example, has decided to switch products after three years of testing an interactive system developed by B/E Aerospace. AMR Corp.'s American Airlines is also taking cautious steps towards installing interactive systems in its airplanes. Meanwhile, other airlines are taking a "show-me" attitude and are just waiting until in-flight entertainment systems start to prove that they can deliver what they tout.
Comment:
Airlines' complaints over dissatisfaction in advanced new in-flight entertainment systems result to client-supplier friction
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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EU sets conditions for BA, American
Article Abstract:
British Airways and AMR Corp.'s American Airlines' partnership finally received the permission of European Union regulators. The permission, which took over two years before it was given, is contingent on the two airline companies' giving up of as much as 267 weekly takeoff and landing spots at London, UK's Heathrow and Gatwick airports to competitors. The alliance, first proposed in June 1996, will still undergo various hearings and other procedures before it is expected to be implemented in the latter part of 1998.
Comment:
Its unit, American Airlines, finally received the permission of European Union regulators for an alliance with British Airways
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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