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BUSINESS
January 13, 2001 | MOLLY SCHUETZ, BLOOMBERG NEWS
United Airlines parent UAL Corp. won European antitrust approval Friday for its $11.6-billion purchase of US Airways Group Inc., after pledging to give up some takeoff and landing slots in Germany. The largest airline merger will mostly affect the U.S. by giving United access to US Airways' north-south routes on the East Coast. But because United has a joint venture on transatlantic routes with Deutsche Lufthansa, United had to eliminate some overlap in flights.
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BUSINESS
October 20, 1999 | Bloomberg News
UAL Corp.'s United Airlines and Deutsche Lufthansa agreed to provide partner Air Canada with $489 million to help it repel a hostile takeover bid and to buy its smaller Canadian rival. Air Canada, Canada's largest airline, will use the money to buy back as much as 35% of its outstanding shares for about $8.04 a share. Air Canada, a member of the Star Alliance partnership with Lufthansa and United, also proposed buying troubled Canadian Airlines Corp. for $62 million in cash.
BUSINESS
September 18, 1999 | Bloomberg News
Airbus Industrie said that Deutsche Lufthansa, already its biggest airline customer, signed an order for 11 airplanes--eight long-range A-340-300s and three single-aisle A-320s. Lufthansa also took options for six A-340-300s. The order is worth an estimated $1.2 billion, based on list prices, and as much as $1.9 billion if options are exercised. The contract fattened the order book of the European plane maker, already significantly ahead of rival Boeing Co. in winning orders for the year.
BUSINESS
January 13, 2001 | MOLLY SCHUETZ, BLOOMBERG NEWS
United Airlines parent UAL Corp. won European antitrust approval Friday for its $11.6-billion purchase of US Airways Group Inc., after pledging to give up some takeoff and landing slots in Germany. The largest airline merger will mostly affect the U.S. by giving United access to US Airways' north-south routes on the East Coast. But because United has a joint venture on transatlantic routes with Deutsche Lufthansa, United had to eliminate some overlap in flights.
BUSINESS
October 20, 1999 | Bloomberg News
UAL Corp.'s United Airlines and Deutsche Lufthansa agreed to provide partner Air Canada with $489 million to help it repel a hostile takeover bid and to buy its smaller Canadian rival. Air Canada, Canada's largest airline, will use the money to buy back as much as 35% of its outstanding shares for about $8.04 a share. Air Canada, a member of the Star Alliance partnership with Lufthansa and United, also proposed buying troubled Canadian Airlines Corp. for $62 million in cash.
BUSINESS
November 16, 1990 | From Times Wire Services
Europe and America's largest computerized travel reservation systems have agreed to link their services in a move aimed at making global travel easier, Scandinavian Airlines System said today. The agreement, signed in Paris, will give the 85,000 U.S. travel agencies subscribing to the Sabre computer system access to the European system Amadeus, SAS reported. In return, 25,000 Amadeus-associated agencies in Europe will gain access to Sabre.
BUSINESS
August 10, 1990 | From Times Wire Services
Deutsche Lufthansa AG said today that it has applied to resume regular flights to Berlin for the first time since World War II. A spokesman said the airline is seeking eight daily flights between the Bonn-Cologne airport and the Tegel airport in West Berlin. In addition, Lufthansa has applied to offer four flights daily from Tegel to each of five cities: Stuttgart, Frankfurt, Munich, Dusseldorf and Hamburg.
BUSINESS
September 18, 1999 | Bloomberg News
Airbus Industrie said that Deutsche Lufthansa, already its biggest airline customer, signed an order for 11 airplanes--eight long-range A-340-300s and three single-aisle A-320s. Lufthansa also took options for six A-340-300s. The order is worth an estimated $1.2 billion, based on list prices, and as much as $1.9 billion if options are exercised. The contract fattened the order book of the European plane maker, already significantly ahead of rival Boeing Co. in winning orders for the year.
BUSINESS
September 4, 1990 | From Reuters
West Germany's Lufthansa airline, barred since World War II from flying to Berlin, will start flights to the capital of a united Germany next month, taking over routes from Pan Am Corp. Deutsche Lufthansa AG announced Monday that it had reached agreement to begin scheduled flights from several West German cities to Tegel Airport in West Berlin on Oct. 28, using leased Pan Am Corp. aircraft. Pan Am, struggling to turn around its loss-making airline, said it would receive $150 million in the deal.
NATIONAL
April 24, 2003 | From Reuters
Eleven LaGuardia Airport workers stole hundreds of thousands of mini-bottles of airline liquor and resold them to neighborhood stores in New York, authorities said Wednesday. The employees of LSG Sky Chefs Inc. and two others pilfered more than 400,000 mini-bottles, worth about $1.5 million, from an airport storage facility over the last year, said Richard Brown, the district attorney of Queens, N.Y.
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