Lufthansa considers options to renew Air Dolomiti fleet

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Lufthansa to repay bailout with € 2.14 billion capital increase

20.09.2021 – 16:06 UTC

As widely anticipated, Lufthansa (LH, Frankfurt Int’l) announced a capital increase that is expected to raise 2.14 billion euros ($ 2.5 billion), with the aim of repaying part of the bailout plan of the 9 billion euro state designed last year. to counter the effects of the coronavirus on the demand for air travel.

The current share capital of the company, of just over 1.53 billion euros, divided into 597,742,822 shares, will be increased by the issuance of 597,742,822 new shares during a subscription period of from September 22 to October 5, Lufthansa said in a statement released on Sunday (September 19).

It “intends to reimburse in full” by the end of 2021 two installments of tacit participation that the State provided for in the rescue plan, which led the German Economic Stabilization Fund (ESF) to take a 20% stake in the group, thus diluting the participation of existing shareholders. This stake has since been reduced to 15.94% as part of a previously announced regular divestment.

“The stabilization plan agreed with the ESF has enabled Lufthansa to protect the jobs of more than 100,000 employees. We have always made it clear that we will …

Italian AlisCargo launches operations

24.08.2021 – 02:12 UTC

AlisCargo (CP) operated its first commercial flight on August 18, 2021, from Milan Malpensa to Jinan in northeast China.

EI-GWA (msn 30871), one of the carrier’s two makeshift B777-200 (ER) cargo ships, was delivered in July 2021 but has since remained in Lombardy, performing a mix of test and test flights . Sister ship EI-GWB (msn 30872) began commercial operations on August 21, also on the route to Jinan, according to data from Flightradar24 ADS-B.

AlisCargo recently partnered with China Eastern Airlines (MU, Shanghai Hongqiao) to operate one-way all-cargo services from Jinan to Malpensa on behalf of the Chinese carrier. The capacity for flights between Italy and China will be marketed independently by AlisCargo.

AlisCargo’s two B777s are dry-leased from Boeing Aircraft Holding, according to the ch-aviation fleet ownership module.

Meanwhile, the airline has seen a change of direction following the recent death of Managing Director Francesco Rebaudo. Rebaudo, who ran Cargolux Italia and Cargoitalia before AlisCargo, has been replaced by Giacomo Manzon, the former Managing Director of Cargoitalia and Air Dolomiti …

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