Lufthansa group analysis – Part 2: India Operations

Vinay Bhaskara India is the second largest market for German carrier Lufthansa, after North America, in numbers. In return the all member airlines of the “Lufthansa Group” including SWISS, and Austrian Airlines devote a considerable share of their fleet to India, while Brussels Airlines has a strategic partnership with India’s largest private carrier Jet Airways.…

BREAKING NEWS: Austrian Airlines to stop service to Mumbai

Lufthansa group member Austrian Airlines will suspend services between Mumbai and Vienna, most likely from the start of the Summer 2012 time-table which will commence from end March. Austrian is facing seat load factor pressure from the two other members of the group; Swiss and Lufthansa. All three members of the group, have departures from…

Winter schedule brings a host of new routes to India

The Winter 2010 schedule for airlines commenced from Sunday and as expected major airlines, domestic and international, have announced a raft of new flights. Austrian AirlinesLufthansa group member has introduced five flights a week between Mumbai and Vienna and increased its five a week New Delhi Vienna flights to six. The Mumbai Vienna flight will…

Luthansa continues buying spree, bids for Austrian

Deutsche Lufthansa AG said its supervisory board approved a plan to buy ailing Austrian Airlines AG. At the end of September reporting period, Lufthansa had cash and reserves of about €3.8 billion, with a nine-month net profit of €551 million. As the global economic turmoils squeeze the airline industry, the proposed merger highlights how the…

Austrian Airlines cancels flights to Mumbai from 1 March 2009

The bad news continues to roll in for Indian aviation. Austrian Airlines announced that it will cease operating its service from Vienna to Mumbai (Bombay) from 1 March 2009 onwards. All international airlines choose Mumbai, the economic capital of India, while ignoring less competitive cities like Bangalore. As a result there is drastic overcapacity between…