Lufthansa – Windge Fluester http://windgefluester.net/ Thu, 29 Sep 2022 18:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://windgefluester.net/wp-content/uploads/2021/05/cropped-icon-32x32.png Lufthansa – Windge Fluester http://windgefluester.net/ 32 32 Where Lufthansa flies its 4 Airbus A350 from Philippine Airlines https://windgefluester.net/where-lufthansa-flies-its-4-airbus-a350-from-philippine-airlines/ Thu, 29 Sep 2022 18:00:00 +0000 https://windgefluester.net/where-lufthansa-flies-its-4-airbus-a350-from-philippine-airlines/ They are used on eight routes, including one-off trips. Photo: Getty Images. Lufthansa has 21 A350-900s. At just 4.3 years old, they were the youngest type in his fleet until the arrival of the first (and so far only) B787-9. Four of the 21 A350s are ex-Philippine Airlines, resulting from the Asian airline’s bankruptcy and […]]]>

They are used on eight routes, including one-off trips.


Lufthansa has 21 A350-900s. At just 4.3 years old, they were the youngest type in his fleet until the arrival of the first (and so far only) B787-9. Four of the 21 A350s are ex-Philippine Airlines, resulting from the Asian airline’s bankruptcy and subsequent streamlining. Their availability has allowed Lufthansa – in the airline’s own words – “take advantage of exceptional market opportunities.”


Lufthansa A350: a summary

A fundamental part of Lufthansa’s long-term planning, the first of its A350-900s (registered D-AIXA) arrived almost six years ago in December 2016. Since then, another 20 have been delivered, including four this year – all ex-Filipinos. Airlines and each leased. According to ch-aviation.com, they are:

SIMPLEFLYING VIDEO OF THE DAY
  1. D-AIVA: delivered to Philippine Airlines in July 2018, with Lufthansa in April 2022
  2. D-AIVB: with Philippine Airlines in September 2018, with Lufthansa in April 2022
  3. D-AIVC: with Philippine Airlines in October 2018, with Lufthansa in March 2022
  4. D-AIVD: with Philippine Airlines in February 2019, with Lufthansa in May 2022

All four planes are based at the Lufthansa hub in Munich rather than Frankfurt, and the first revenue-generating flight took place on April 29 to Toronto. Flightradar.com shows that D-AVIC has been deployed, replacing non-ex-Filipino A350-900s.

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How do they compare?

It is not surprising that Lufthansa’s “clean” A350s have almost the same capacity (293 seats) as the old Philippine examples (295). However, they differ hugely when it comes to the number of seats per cabin.

Read more: Where Lufthansa’s B747-400s are flying this week

The ex-Filipino equipment is decidedly less premium, with 18 fewer business seats and 17 more in economy class; this dictates the routes on which they are deployed. Curiously, despite a much smaller business cabin, the seats in the old Philippine plane – Vantage XL with direct aisle access – are superior. Here’s how the two planes compare:

Lufthansa A350-900s First Company Economy of the best quality Economy
Non-ex-Filipino 0 48 (2-2-2) 21 (2-3-2) 224 (3-3-3)
Ex-Filipino 0 30 (1-2-1) 24 (2-4-2) 241 (3-3-3)

It is not a former Philippine A350 and therefore has a 293-seat layout. Photo: Vincenzo Pace | Single flight.

It is easy to identify the routes on which the planes are used due to their different capacity. Cirium indicates that from September 29, the 295 places will be deployed on eight lines this winter, from October 30 to March 25. They include three one-off services and a very limited time service:

Lufthansa’s 295-seat A350-900 routes in winter 2022. Image: GCMap.

Notice Toronto and Vancouver. Each airport offers a 295-seat flight that can be booked at Germany on March 25, the last day of winter 2022. The first 295 places at Canada is on the 26th, the first day of summer 2023. It will then continue to operate throughout the high season.

As ex-Filipino equipment is not bookable or scheduled at Canada on the 25th (or before), it is unclear how they will get there and remains subject to change.

Have you piloted its 295 seats? If so, share your experiences in the comments.

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Lufthansa Cargo and Kintetsu World Express reach agreement for the use of sustainable aviation fuel https://windgefluester.net/lufthansa-cargo-and-kintetsu-world-express-reach-agreement-for-the-use-of-sustainable-aviation-fuel/ Tue, 27 Sep 2022 14:09:17 +0000 https://windgefluester.net/lufthansa-cargo-and-kintetsu-world-express-reach-agreement-for-the-use-of-sustainable-aviation-fuel/ Kintetsu World Express will reduce its total carbon footprint of air cargo transported with Lufthansa Cargo by around 5% for one year. Kintetsu World Express is committed to using sustainable aviation fuel during the period from October 2022 to September 2023. In addition, the company has decided to offset the so-called well-to-tank emissions generated during […]]]>

Kintetsu World Express will reduce its total carbon footprint of air cargo transported with Lufthansa Cargo by around 5% for one year. Kintetsu World Express is committed to using sustainable aviation fuel during the period from October 2022 to September 2023. In addition, the company has decided to offset the so-called well-to-tank emissions generated during production and supply of sustainable aviation fuel with the help of certified climate protection projects.

“Climate change is becoming increasingly evident and devastating around the world. As a light freight forwarder, reducing our Scope 3 greenhouse gas emissions is essential to winning the battle against global warming. And SAF is a rising star. Recently, in our initial response to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), we stated our intention to actively participate in the SAF programs of our partner airlines. I am delighted and proud to work with our long-standing partner Lufthansa Cargo for the sustainable future of the air cargo industry,” said Nobutoshi Torii, President and CEO of Kintetsu World Express.

“We are very proud that we were able to win Kintetsu World Express, one of our most important customers, to transport their cargo with us on a CO2-neutral basis,” said Dorothea von Boxberg, Managing Director of Lufthansa Cargo AG. . “Already today, sustainable aviation fuel offers the possibility of saving around 80% of emissions in air cargo transport. That is why each customer who takes advantage of this opportunity makes a decisive contribution to the advancement of decarbonization in logistics. Thanks to the commitment of Kintetsu World Express and our other customers who have chosen sustainable aviation fuel, we have already been able to replace approximately 2% of our annual fossil fuel needs with sustainable aviation fuel in 2022.”

More climate-friendly flights with SAF

The general term for sustainable, biogenic or synthetic kerosene is “sustainable aviation fuel” (SAF). SAF is considered the first real alternative to fossil aviation fuel. Currently, it is mainly produced from biomass. In the future, “non-biogenic” fuels will also be available; the best-known example is the so-called Power-to-Liquid (PtL) concept based on renewable electricity, water and CO2. SAF enables an almost closed CO2 cycle: as fossil fuels release CO2 that has been bound for millions of years and the current level of CO2 in the atmosphere increases, the use of SAF in the combustion process only releases the amount of CO2 that was bound immediately before in the manufacturing process.

Sustainable aviation fuel is the key to CO2 neutral air traffic and can be used in regular flight operations without infrastructure adjustments. There are different production processes and different raw materials for SAF. The SAF currently used by Lufthansa Cargo is produced using the HEFA process (Hydroprocessed Esters & Fatty Acids) from biogenic waste materials, for example from used cooking oils. This does not conflict with food cultivation, as only forest, agricultural or gastronomic waste is used. Lufthansa Cargo offers SAFs through the Lufthansa Group of the world’s leading SAF manufacturers. Since September 2021, all Lufthansa Cargo customers can have their freight transported CO₂-neutral by opting for the Sustainable Choice additional service.

Additional compensation

In addition to using sustainable aviation fuel, Kintetsu World Express relies on additional offsetting of greenhouse gases generated when supplying SAF. Lufthansa Cargo offers its customers a selection of ten carbon offset projects organized by the Lufthansa Group of the non-profit organization myclimate, which applies only the strictest independent quality standards such as Gold Standard and Plan Vivo when selection and design of carbon offset projects. Thanks to high-quality offset projects, fossil energy sources are replaced by renewable energies or energy-efficient technologies. Another option is to protect threatened forests, whose trees extract CO2 from the atmosphere throughout their lives, convert it and store it as carbon. The amount of emissions saved through the projects is calculated and can be passed on to companies in the form of emission reduction credits – called certificates – in quantities adapted to their needs. On the basis of the certified CO2 savings or reductions, it is therefore possible to offset CO2 emissions that occur, for example, during the transport of goods. Another advantage is that the compensation mechanism via high-quality projects not only involves climate protection measures that demonstrably save CO2, but the projects also always bring local benefits for people and the environment. Jobs are created, infrastructure improved or health risks reduced, biodiversity protected or educational opportunities improved.

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AM Best confirms the credit ratings of Delvag Versicherungs-AG https://windgefluester.net/am-best-confirms-the-credit-ratings-of-delvag-versicherungs-ag/ Fri, 23 Sep 2022 13:38:00 +0000 https://windgefluester.net/am-best-confirms-the-credit-ratings-of-delvag-versicherungs-ag/ AMSTERDAM–(BUSINESS WIRE)–AM Best confirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Delvag Versicherungs-AG (Delvag) (Germany). The outlook for these credit ratings (ratings) is negative. The ratings reflect Delvag’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, […]]]>

AMSTERDAM–(BUSINESS WIRE)–AM Best confirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Delvag Versicherungs-AG (Delvag) (Germany). The outlook for these credit ratings (ratings) is negative.

The ratings reflect Delvag’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate management of business risks. The ratings also reflect ratings drift due to its association with its financially weaker parent company, Deutsche Lufthansa Aktiengesellschaft (Lufthansa).

The negative outlook reflects uncertainty related to the impact of air traffic demand trends and economic conditions on Lufthansa’s core business and credit profile, which in turn impact Delvag’s business profile and put pressure on the captive’s operational performance.

Delvag is the captive insurer of Lufthansa, a global aviation group domiciled in Germany.

The strength of the captive’s balance sheet is underpinned by its risk-adjusted capitalization, as measured by Best’s capital adequacy ratio (BCAR), which remained at the highest level at the end of 2021 AM Best expects the captive’s forward-looking risk-adjusted capitalization to be maintained at the highest level, supported by a profit and loss absorption agreement with Lufthansa that provides Delvag with additional balance sheet protection. The balance sheet strength assessment also takes into account Delvag’s conservative and prudent reserve practices, as well as its good liquidity profile. A partially offset rating factor is Delvag’s moderately high reliance on reinsurance to protect its aircraft fleet business. However, the associated credit risk is mitigated by the use of a financially sound and diversified reinsurance panel.

Delvag has a good earnings history, as evidenced by a five-year weighted average operating ratio of 67% (2017-2021), as calculated by AM Best, supported by a good balance between underwriting and investment. Delvag delivered exceptionally strong underwriting performance in 2021 linked to lower claims experience and reserve releases – which included spot releases – as evidenced by a combined ratio of 68% (as calculated by AM Best), compared to 93 % in previous year. The company has undertaken corrective actions since 2020 on underperforming business lines and the partial cessation of reinsurance activities not related to the group.

Delvag’s profile is enhanced by its strategic importance and its integration within the Lufthansa Group. He continues to leverage his expertise in the aviation and transport sectors to write a third-party business book alongside his core Lufthansa fleet portfolio.

AM Best remains the leading rating agency for alternative risk transfer entities, with more than 200 such vehicles rated worldwide. For current Best credit ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive.

This press release relates to credit ratings that have been published on AM Best’s website. For all rating information relating to the release and relevant disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Assessment Activity Web page. For more information on the use and limitations of credit rating opinions, please see Best Credit Score Guide. For more information on the proper use of Best’s Credit Scores, Best’s Performance Ratings, Best’s Preliminary Credit Scores, and the AM Best Press releases, please see Guide to Proper Use of Best’s Ratings and Reviews.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in more than 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2022 by AM Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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COVID-19 travel refunds: BC man loses dispute https://windgefluester.net/covid-19-travel-refunds-bc-man-loses-dispute/ Thu, 22 Sep 2022 13:30:00 +0000 https://windgefluester.net/covid-19-travel-refunds-bc-man-loses-dispute/ A British Columbia man has lost his bid to get his money back after canceling a non-refundable flight to Germany when COVID-19 restrictions were tightened there. A ruling from the province’s Civil Resolution Court was posted online Wednesday, outlining the reasons the would-be traveler argued he should get a full refund and the decision not […]]]>

A British Columbia man has lost his bid to get his money back after canceling a non-refundable flight to Germany when COVID-19 restrictions were tightened there.

A ruling from the province’s Civil Resolution Court was posted online Wednesday, outlining the reasons the would-be traveler argued he should get a full refund and the decision not to award one.

Hamid Seyed Alamolhoda booked his plane ticket in October 2021, planning a vacation during the Christmas holidays, according to the ruling. The cost of the plane ticket was $1,760.36 and it was booked to fly with Lufthansa.

On December 7 – amid a spike in cases brought on by the Omicron variant – he decided not to make the trip.

“Mr. Alamolhoda became concerned about the COVID-19 pandemic and chose to cancel his flight reservation,” wrote court member Andrea Ritchie.

“Specifically, Mr Alamolhoda says most shops in Germany were closed and he was supposed to go on vacation, not to a ‘ghost town’.”

Although the booking was made through a travel agency, the court heard that Alamolhoda had contacted the airline directly for a refund.

A Lufthansa representative told the court that the ticket was non-refundable and provided documentation to that effect while saying Alamolhoda had the option to rebook his trip at any time over the next year without incur change fees.

For his part, Alamolhoda denied purchasing a non-refundable ticket but “provided no evidence showing the ticket’s fare rules,” Ritchie wrote.

Ultimately, the court ruled in favor of the airline.

“I find it was Mr. Alamolhoda’s choice to cancel his reservation based on his vacation preferences, not based on COVID-19 travel restrictions,” Ritchie concluded.

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Lufthansa Group returns to private ownership model https://windgefluester.net/lufthansa-group-returns-to-private-ownership-model/ Mon, 19 Sep 2022 19:37:04 +0000 https://windgefluester.net/lufthansa-group-returns-to-private-ownership-model/ LONDON – On September 14, the Lufthansa Group, consisting of Lufthansa, Lufthansa Cargo, Lufthansa CityLine, Eurowings, Eurowings Europe, Eurowings Discover, Air Dolomiti, Austrian Airlines, Brussels Airlines, Swiss International Air Lines and Edelweiss Air, announced that the group now has fully returned to private ownership. Return to private ownership When the COVID-19 virus spread rapidly across […]]]>

LONDON – On September 14, the Lufthansa Group, consisting of Lufthansa, Lufthansa Cargo, Lufthansa CityLine, Eurowings, Eurowings Europe, Eurowings Discover, Air Dolomiti, Austrian Airlines, Brussels Airlines, Swiss International Air Lines and Edelweiss Air, announced that the group now has fully returned to private ownership.

Return to private ownership


When the COVID-19 virus spread rapidly across the globe, many airlines around the world had to take drastic measures in order to continue operating through a period of peak passenger numbers. low level due to many governments putting travel restrictions in place, all to reduce the amount of spread of the virus. The Lufthansa Group, also known as Deutsche Lufthansa AG, was no exception to the need to implement such measures.

Most of the measures unfortunately consisted of reducing their flight schedules to almost 0%, which resulted in the layoff of many employees, many carriers also turned to cargo operations during this two-year period when travel was severely constrained but the need for cargo movements, particularly air cargo, was at an all time high and continuing to grow rapidly.

On top of this, many operators in the aviation industry have looked to their home governments for loans or state aid to ensure operations continue, despite the fact that many of their finances were badly affected.

The Lufthansa Group turned to the Federal Republic of Germany (WSF) for an economic stabilization fund, through which the German government would hold around 20% of the group’s share capital, which operated as a state loan so that the group can maintain its operations throughout the difficult pandemic period. These 20% of shares brought in the group 306 million euros which it badly needed.

During the Covid pandemic, as funds began to rise for the Lufthansa Group, the Federal Republic of Germany began to slowly sell its shares, as part of the agreement that all shares would be from here October 2023 at the latest.

The last remaining part, some 6.2% of the share capital of the Lufthansa Group, which amounted to around 74.4 million shares, has now been sold, which means that the Lufthansa Group is now fully owned by the sector. private and no longer needs state aid, now that the brunt of the pandemic is behind them.

In accordance with the sale by the Federal Republic of Germany of its remaining stake in the Lufthansa Group, all other conditions under the Economic Stabilization Fund also subsequently ended.


Commenting on their latest announcement, Deutsche Lufthansa AG Chairman and CEO Carsten Spohr said: “On behalf of all Lufthansa employees, I would like to thank the current and former German government and all German taxpayers for their support of our Lufthansa during the worst financial crisis in our company’s history.

“The stabilization of Lufthansa was successful and also pays off financially for the German government and therefore for the taxpayer. We had already repaid the stabilization loan amounts ahead of schedule, and the WSF also sold its last remaining shares a year ahead of the deadline.

“This brings the stabilization of Lufthansa to a successful conclusion. Lufthansa is once again completely in private hands. All Lufthansa employees worldwide will continue to work hard to strengthen our position among the world’s leading airline groups, for example through a wide range of high-end products and a quality offensive.

Globally


It’s really great to see that the Lufthansa Group has repaid all of its acquired state aid, and following the sale of the remaining WSF shares, the company is back in the hands of private ownership.

All this means that the group has regained some form of stability in order to continue operating independently and financially, without the help of the German government.

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Want to see some cool bugs up close? Head to this shop in the Lufthansa mall https://windgefluester.net/want-to-see-some-cool-bugs-up-close-head-to-this-shop-in-the-lufthansa-mall/ Sun, 18 Sep 2022 03:36:37 +0000 https://windgefluester.net/want-to-see-some-cool-bugs-up-close-head-to-this-shop-in-the-lufthansa-mall/ I don’t know about you, but I will never be that parent who purposely brings bugs into the house. But that doesn’t mean they aren’t cool, because bugs are definitely fun! In Haidian District, NaturalWorld is a children’s museum/zoo designed to excite and interest children in all kinds of bugs and bugs. It’s basically a […]]]>

I don’t know about you, but I will never be that parent who purposely brings bugs into the house. But that doesn’t mean they aren’t cool, because bugs are definitely fun!

In Haidian District, NaturalWorld is a children’s museum/zoo designed to excite and interest children in all kinds of bugs and bugs. It’s basically a petting zoo for insects that most people have only ever seen on the Discovery Channel. We are not talking about cockroaches and centipedes here. At Natural World they have stuff like rhinoceros horned beetles, super shiny beetles that look almost too good to be real, fireflies, butterflies, snakes, iguanas and other things to keep the whole family entertained. puzzled for hours.

The best part of Natural World is how convenient the location is. You can see everything behind a glass plate if you want, but if you’re brave and curious enough, they allow you to pet the bugs and animals on your own.

The guided tours are all in Chinese and the staff explain everything in a child-friendly way for 6 and 7 year olds to understand what it means, children’s vocabulary and not too many hard-to-pronounce scientific words. The point of this place isn’t just to dump information on people, it’s to arouse the curiosity and interest of children (and adults). Although the center is open all day, guided tours take place at 1 p.m., 3 p.m. and 5 p.m. Monday to Friday.

They have lots of kid-friendly activities throughout the place, like a sandpit where kids can dig up giant bugs with their little bare hands. Sounds like a lot of fun or could potentially be one of the most terrifying experiences one could ask for… These hands-on activities will require an additional fee. Each will cost around 50 RMB to participate and is limited to around 30 minutes.

There is more to this story! This article originally appeared on our sister site, Jingkids International.

Click here to continue reading

READ: Treat yourself to some of Beijing’s best bakeries

Images: Dianping, Douyin, Pexels

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Emirates and Lufthansa celebrate the return of Oktoberfest https://windgefluester.net/emirates-and-lufthansa-celebrate-the-return-of-oktoberfest/ Thu, 15 Sep 2022 15:30:00 +0000 https://windgefluester.net/emirates-and-lufthansa-celebrate-the-return-of-oktoberfest/ After the COVID-19 pandemic shut down Munich’s annual Oktoberfest for two years, the world-famous beer festival is back. Lufthansa, which celebrated the festival even during its absence, is setting up its traditional celebration to accompany the festival. Emirates is also getting in on the act this year, with in-store treats for passengers traveling to its […]]]>

After the COVID-19 pandemic shut down Munich’s annual Oktoberfest for two years, the world-famous beer festival is back. Lufthansa, which celebrated the festival even during its absence, is setting up its traditional celebration to accompany the festival. Emirates is also getting in on the act this year, with in-store treats for passengers traveling to its four German destinations.


It is not uncommon for airlines to mark special events, occasions and festivals related to sports, culture, religion or other reasons. Airlines can report such occurrences by modifying their onboard service. This is what Lufthansa and Emirates have done on selected flights to celebrate Oktoberfest.

SIMPLEFLYING VIDEO OF THE DAY

What does Lufthansa do?

Let’s start by looking at what the German airline Lufthansa is doing. The German airline maintains its second largest base in Munich, home of Oktoberfest, and thus celebrates Oktoberfest every year. The airline is so committed to tradition that it continued it during the two-year suspension of Oktoberfest. But what does this mean for the airline?

While the pandemic suspended the Oktoberfest festival for two years, Lufthansa continued with its annual celebrations. Photo: Lufthansa

Every year, Lufthansa operates a handful of flights with a “trachtencrew”. It’s basically a standard flight crew swapping the usual Lufthansa uniform for the traditional Barvari attire. This means Lederhosen for men and Dirndls (traditional clothing) for women. 2022 saw the airline update costume design for the first time in five years, with sustainability at the forefront of design.

This year, such flights are heading today from Munich to Rio de Janeiro and San Diego. More flights to Boston and New York will take place on September 26. Even if they haven’t booked on one of these flights, passengers to and from Munich will be invited to join in the celebration. Ground staff in Munich will also wear traditional dress.

In previous years, Lufthansa has carried specially designed beer kegs on board trachtencrew flights. Photo: Alex Tino Friedel via Lufthansa

Oktoberfest-inspired refreshments will be offered in Munich lounges and onboard flights to and from Frankfurt Airport and Munich Airport to 33 destinations for First Class and Business Class passengers. In recent years, Lufthansa has taken specially designed beer kegs on board these flights, but made no mention of them this year.

What about Emirates?

Emirates has a significant presence in Germany, flying at least daily to four destinations (Düsseldorf, Frankfurt, Hamburg and Munich). From Saturday, the airline will offer a slightly different service on board flights to these destinations, with Oktoberfest in mind. There will be no special uniforms on Emirates flights, but like Lufthansa, passengers will be offered festival-appropriate refreshments.

Economy class passengers will be offered a roast chicken dish, followed by a German Bienenstich cake. The airline will offer passengers in first and business class cabins a veal dish with meatballs and seasonal vegetables. In the first class cabin, this will be followed by a ‘Dampfnudel’ steamed bun. Onboard snacks, including those found in the Airbus A380 lounge, will also be Oktoberfest-themed, and every passenger will leave the flight with individually wrapped gingerbread hearts. These offers are not currently reflected in the online menus for these flights.

Like Lufthansa, Emirates will also offer treats in the lounges, although Lufthansa only offers them at Munich Airport, Emirates includes all of its German lounges. The lounges will feature themed dishes, including Weisswurst (a veal sausage) and Käsespätzle (a pasta dish with cheese).

Have you ever celebrated Oktoberfest with an airline? How was it? Let us know what you think and why in the comments below!

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German government sells remaining Lufthansa shares https://windgefluester.net/german-government-sells-remaining-lufthansa-shares/ Tue, 13 Sep 2022 21:17:29 +0000 https://windgefluester.net/german-government-sells-remaining-lufthansa-shares/ Airplanes of German carrier Lufthansa are parked at Frankfurt airport on September 2, 2022. – Reuters pic Wednesday September 14, 2022 05:12 GMT BERLIN, Sept. 14 – The German government has sold its 20% stake in Lufthansa acquired during the coronavirus pandemic, it announced on Tuesday. The state Economic Stabilization Fund (WSF), which saved Lufthansa […]]]>

Airplanes of German carrier Lufthansa are parked at Frankfurt airport on September 2, 2022. – Reuters pic

Wednesday September 14, 2022 05:12 GMT

BERLIN, Sept. 14 – The German government has sold its 20% stake in Lufthansa acquired during the coronavirus pandemic, it announced on Tuesday.

The state Economic Stabilization Fund (WSF), which saved Lufthansa from bankruptcy during the pandemic with a rescue package totaling 9 billion euros (RM40.4 billion), had been gradually reducing its stake these years with the aim of fully discharging it by October 2023.

It has now sold its last remaining shares to international investors in a block placement for 455 million euros, the fund said in a statement on Tuesday evening.

He earned a total of 1.07 billion euros from the sale of his shares, generating a profit of 760 million euros on the investment.

“The government aid package has successfully helped the company through the crisis,” he said.

Deutsche Bank DBKGn.DE, one of the global coordinators and bookrunners for the sale alongside Goldman Sachs GS.N, said earlier on Tuesday that the fund wanted to offer institutional investors around 74.4 million Lufthansa shares. , corresponding to 6.2% of the airline’s share. Capital city.

Lufthansa shares closed down 1.5% at €6.32 per share on Tuesday. —Reuters

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B.Com, M.Com, BBA, MBA Vacancy at Lufthansa https://windgefluester.net/b-com-m-com-bba-mba-vacancy-at-lufthansa/ Sun, 11 Sep 2022 10:15:01 +0000 https://windgefluester.net/b-com-m-com-bba-mba-vacancy-at-lufthansa/ Job Update: B.Com, M.Com, BBA, MBA Vacancy at Lufthansa Insight: Lufthansa is recruiting an experienced Customer Business Analyst (Account Steering Expert) at its Bangalore site. You will be in charge of weekly planning and optimization of customer visits/calls based on revenue performance and future trends identified in close collaboration with Account Management. The full details […]]]>

Job Update: B.Com, M.Com, BBA, MBA Vacancy at Lufthansa

Insight:

Lufthansa is recruiting an experienced Customer Business Analyst (Account Steering Expert) at its Bangalore site. You will be in charge of weekly planning and optimization of customer visits/calls based on revenue performance and future trends identified in close collaboration with Account Management.

The full details of this work are as follows:

What are you going to do:

Derive account management activities, based on monthly account analysis and evaluation.

Management portfolios and their possible revenue potentials for LH Group & JV partners.

Contribute to the creation of action plans triggered by Market Steering & Performance.

Management function and initiate the defined measures on the markets concerned.

Identification of sales-based opportunities and threats through competitive intelligence.

Ensure transparent cooperation with Market Steering & Performance Management and Market Offer.

Coordinating function.

Qualifications for this position:

Bachelor’s degree required.

3 years of professional experience in account management/sales or equivalent analytical experience required.

English required.

German desirable.

Knowledge of LHG and JV sales toolkit.

Computer skills as an expert.

Excellent analytical skills.

Strong cost awareness.

Good novelty.

What skills are needed:

Excellent communication skills.

Excellent attention to detail.

Excellent business acumen.

Excellent ability to work under pressure.

Strong assimilation.

Excellent oral communication.

Excellent written communication.

Strong change management.

Strong adaptability.

Excellent responsibility.

Evaluation screening.

Willingness to travel.

Join Studycafe to download the file and apply

The link to apply for this job offer is given in the attached PDF

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Lufthansa Airlines user development fees are not revenue https://windgefluester.net/lufthansa-airlines-user-development-fees-are-not-revenue/ Fri, 09 Sep 2022 16:30:17 +0000 https://windgefluester.net/lufthansa-airlines-user-development-fees-are-not-revenue/ Friday, September 9, 2022 Introduction The Delhi court decides that the collection fee collected by the taxpayer for the collection of user development fees on behalf of the Airports Authority of India did not constitute income from the operation of aircraft. The collection fee was paid simply for providing the user development fee collection service. […]]]>

Introduction

  • The Delhi court decides that the collection fee collected by the taxpayer for the collection of user development fees on behalf of the Airports Authority of India did not constitute income from the operation of aircraft.

  • The collection fee was paid simply for providing the user development fee collection service.

  • The Income Tax Appeal Tribunal in Delhi (“Delhi Court”) ruled that the collection fees collected by Lufthansa German Airlines (“taxpayer”) from the Airports Authority of India (“IAA”) to collect user development fees (“UDF“) cannot be construed as income from the operation of aircraft under Article 8 of the India-Germany Tax Treaty (“tax Convention”).

Case Summary

The taxpayer was an international air carrier residing in Germany. It had a branch in India, through which it carried on its Indian business. The taxpayer derived his income from the operation of passenger and cargo aircraft on an international basis. He also won collection fees from the AAI for collecting UDFs 1 passengers on behalf of AAI and forward it to AAI. While these collection fees were paid to AAI for arriving and departing passengers, the taxpayer’s India branch staff collected these fees only for passengers departing from India. The collection costs were paid by AAI to the taxpayer through a rebate (compensation) in the UDF which was to be passed on by the taxpayer to AAI.

Article 8 of the tax treaty states that “profits from the operation of ships or aircraft in international traffic 2 are taxable only in the State where the place of effective management of the company is located. Consequently, profits derived from the operation of aircraft in international traffic, which are effectively managed in Germany, are taxable exclusively in Germany, even if they were attributable to a permanent establishment (“PE“) in India.

The issue before the Delhi court was whether the collection costs constituted profits from the “operation of aircraft”. If so, India would not be allowed to tax the income under Article 8 of the tax treaty. Otherwise, Article 7 would govern the allocation of taxing rights between India and Germany, whereby profits could be taxed in India to the extent that they were attributable to a PE in India.

The taxpayer argued that the nomenclature “collection costs” was inaccurate and that it was only a “discount” granted to the taxpayer to collect the UDF and forward it to the AAI within a specified period. This “rebate” granted by the AAI to the taxpayer is not taxable under Article 8 of the tax treaty because it is income derived from “the operation of aircraft in international traffic”.

The tax administration, on the other hand, argued that the collection costs were collected by the taxpayer for rendering the service of collection and transmission of the UDF to AAI, and did not arise from “the operation of aircraft in international traffic”. Revenue noted that the collection fee was collected for a commercial activity independent of the aircraft operating business. The tax administration also argued that “rebates” are not covered by the scope of Article 8 of the tax treaty and, therefore, the taxpayer’s argument that the costs of collection, being “discounts”, should be exempt from taxation under Article 8 of the tax treaty. treaty is wrong.

The Delhi court accepted the Inland Revenue’s position and held that, whatever its nomenclature, the collection fee was a service charge paid by the AAI to the taxpayer for the collection and transmission of the UDF by the taxpayer at the IAA. He considered that the collection costs cannot be considered as income derived from “the operation of aircraft in international traffic”.

Conclusion

The question of what constitutes profits from the “operation of aircraft in international traffic” is controversial. Therefore, this case is an important jurisprudential development on the issue.

A parole order or an order for reasons is an important part of the principles of natural justice. 3 Respectfully, it appears that the reasons for the judgment leave something to be desired.

One of the grounds for appeal was that the collection of UDF from passengers on behalf of the AAI is an incidental/incidental activity to “operating aircraft” and therefore the cost of collection are exempt from tax under Article 8 of the tax treaty. Obviously, this argument flows from paragraph 4 of the Commentary on Article 8 of the OECD Model, the importance of which for the interpretation of tax treaties was emphasized by the Supreme Court in the Engineering Analysis judgment. 4 However, the judgment reveals no consideration of whether the collection of the UDF was indeed incidental to the taxpayer’s “operation of aircraft”.

Although the judgment concludes that the collection costs constituted “business income”, it does not analyze whether the taxpayer actually had a PE in India and to what extent profits, or for that matter losses, may be attributable. to such PE, if any. Even if it could be assumed that the branch in India constituted a PE through which the collection costs were collected, it would be crucial to determine whether such activity could be considered to be of a “preparatory or auxiliary” nature, in order to be excluded from the definition of a PE by Article 5(4) of the tax treaty. 5

Further, Article 7 of the tax treaty provides that only that part of the “profits” is taxable in India which is attributable to the PE in India. In this context, the judgment appears to have failed to address an important ground of appeal raised by the taxpayer. More than 60-65% of the passengers were returning passengers whose UDF was not collected by the Indian branch, but was paid by the taxpayer. The ground of appeal reveals that the UDF was to be paid to the AAI for both inbound and outbound passengers. However, they were collected and paid by the taxpayer’s Indian branch only for outbound passengers. Accordingly, it can be argued that only collection fees that have been paid for the collection of UDFs from departing passengers could be considered attributable to the PE in India.

The judgment may not have adequately considered the facts or the law, presumably in an effort to simplify the issues in dispute. It is likely that the taxpayer could appeal the decision to the Delhi High Court to correct this anomaly.


FOOTNOTES

1 As the Delhi court noted in that judgment: “UDF is levied at Indian airports as a measure to increase the revenue of the airport operator.
The UDF is levied to make up any shortfall so that the airport operator can get a fair rate of return on investment. The quantum of UDF
varies from airport to airport and UDF rate at airports is determined by Airports Economic Regulatory Authority of India (AERA) for major
airports and Ministry of Civil Aviation for non-major airports. Currently, UDF collection charges at a flat rate of Rs.5/- per passenger (all inclusive) are
authorized to airlines subject to payment of UDF collection to AAI within 15 days of receipt of invoice”

2 Article 3, paragraph 1, point i), of the Germant Treaty: “the term “international traffic”; means any transport carried out by a ship or an aircraft operated by an enterprise whose place of effective management is located in a Contracting State, except when the ship or aircraft is operated solely between places in the other Contracting State”.

3 Kranti Associates Pvt. Ltd.&; Ors. vs. Masood Ahmed Khan and others, 2010 (95) AIC 139

4 Engineering Analysis Center of Excellence Private Limited v. CIT, Civil Appeals 8733-8734 of 2018. See paragraph 159: “These individuals and/or assessees may therefore rely on the OECD Commentary for the provisions of the OECD Model Tax Convention, which are used without change substantial by the bilateral DTAAs, in the absence of judgments of the municipal courts clarifying the same, or in the event of contradictory municipal decisions.

5 4. Notwithstanding the preceding provisions of this article, the expression "stable establishment" shall be deemed not to include,—

(a) the use of facilities solely for the purpose of storing, displaying or delivering goods or merchandise belonging to the company;

(b) maintaining a stock of goods or merchandise belonging to the company solely for the purpose of storage, display or delivery;

(c) the maintenance of a stock of goods or merchandise belonging to the enterprise solely for the purpose of processing by another enterprise;

(d) the maintenance of a fixed place of business solely for the purpose of purchasing goods or merchandise or gathering information, for
company ;

e) the maintenance of a fixed place of business for the sole purpose of carrying on, for the company, any other preparatory or auxiliary activity
character ;

(f) the maintenance of a fixed place of business solely for any combination of activities referred to in subparagraphs (a) to (e), provided that the
the activity of the fixed installation resulting from this grouping has a preparatory or auxiliary character. [Emphasis Supplied]

Nishith Desai Associates 2022. All rights reserved.National Law Review, Volume XII, Number 252

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