Hardly any business has been worse afflicted by the coronavirus pandemic than commercial aviation. From one day to the next, its entire business model fell apart. Lufthansa is a case in point.
The move is part of a restructuring plan to cope with the economic fallout of the coronavirus crisis. The airline said it would halve its investment in new aircraft.
During the pandemic and the resulting crisis in aviation, most pilots have been grounded. But as the business picks up again, certified cockpit staff might be scarce, as Andreas Spaeth reports.
Heinz Hermann Thiele had criticized a €9 billion rescue plan that would see the government take a 20% stake in the embattled flag carrier. But a day before a shareholder vote, the investor signaled his support.
The aerospace giant is facing "the gravest crisis this industry has ever experienced," said Airbus' chief executive. The French government criticized the announcement, saying the figure was "excessive."
© 2020 Deutsche Welle |
Legal notice |
| Mobile version