Lufthansa Archives - Aviation Today

Portugal Picks Lufthansa Over Air France-KLM For Up To 49.9% Of TAP Air Portugal

Aviation Today News Desk / October 15, 2026

Lisbon, Portugal: The Portuguese Government selected Lufthansa Group on 14 October 2026 to acquire an initial 44.9% stake in TAP

New York, United States: Latvia’s national airline airBaltic voluntarily filed for protection under Chapter 11 of the US Bankruptcy Code in New York on 14 September 2026, seeking to restructure its debt after soaring jet fuel costs and stalled negotiations with creditors pushed the carrier into acute financial stress. The airline said it had secured a commitment for €350 million ($405 million) in financing from Strategic Value Partners, Barclays, Hayfin Capital Management, Morgan Stanley and Oaktree Capital Management to support operations during the restructuring. The financing carries an interest rate of about 12% and remains subject to court approval. AirBaltic said it expects the court-supervised restructuring to be completed by June 2027, while flights will continue as scheduled. The filing comes as the aviation industry faces severe pressure from the Iran war that has doubled jet fuel prices and triggered the sector’s worst crisis since the COVID-19 pandemic. AirBaltic’s board said in a bankruptcy-court filing that the airline was experiencing “acute financial stress due to a combination of financial and geopolitical factors.” AirBaltic had been negotiating with creditors to secure additional financing, but the talks failed to produce an agreement. Before the bankruptcy filing, bondholders were due to vote on a proposal to raise up to €257 million through new super-senior debt due in February 2027, carrying an interest rate of 25%. Latvian Prime Minister Andris Kulbergs said bondholders representing more than 70% of the value of the airline’s debt chose liquidation instead of approving the financing required to keep the company going. “I view this solution as one of the best options for ensuring airBaltic’s viability, as it provides the necessary tools and time to implement the restructuring plan,” Kulbergs said. The Latvian government is continuing to search for a strategic investor while airBaltic reduces its fleet and reorganises its financial obligations. AirBaltic’s financial problems had been building before the latest fuel shock. The airline said it had about $583 million in funded debt and finance lease liabilities, while it owed €106 million in payroll taxes, airline taxes and fees. The carrier generated about €779 million in revenue in 2025. Kulbergs said airBaltic had “burned through” €380 million raised through bonds issued in 2024 by April 2026. A €30 million emergency government loan provided to the airline ran out in June. The airline had also attempted to lease out excess aircraft as it sought ways to improve its financial position. AirBaltic had previously planned to expand its fleet to 100 aircraft. However, the company’s growth strategy was hit by the loss of potential transit traffic from Russia, Belarus and Ukraine through Riga, while higher fuel costs made its financial position more difficult to sustain. Aviation analyst Simonas Bartkus said, “This is no longer available, and the company became too large for its market. The rise in fuel costs made the situation acute, they had no time to find a solution.” Kulbergs said, “Serving Baltic and Latvian routes requires only 30 aircraft, not 100.” AirBaltic currently operates about 50 Airbus A220-300 aircraft. As part of the Chapter 11 process, the airline plans to cancel or defer outstanding deliveries from a $3.5 billion order for 40 additional Airbus aircraft. It also plans to address $106.7 million worth of additional aircraft engines ordered from Pratt & Whitney. AirBaltic said it had already begun discussions with Airbus about deferring additional aircraft deliveries beyond 2026. Airbus did not immediately respond to Reuters’ request for comment, while RTX, the parent company of Pratt & Whitney, declined to comment. AirBaltic employs more than 3,000 people and has been expanding its global workforce for about a decade. CEO Erno Hilden said the airline was in talks with labour unions about “an adjustment in the workforce”, which he described as a natural consequence of the carrier’s existing capacity-reduction plans. Hilden said the largest operational changes during the Chapter 11 restructuring would involve reducing airBaltic’s wet-lease business, under which the airline provides aircraft and crews to other carriers for a fee. Despite the financial difficulties, Hilden said he remained confident about the underlying business. “I do think that the underlying business for airBaltic is a very healthy one. So after we really execute on our new business plan, I do see a bright future for the company,” he said. AirBaltic said the Chapter 11 filing is intended to provide protection from creditors while it negotiates a restructuring of its debt. The airline has said its flights will continue to operate as scheduled throughout the court-supervised process. The restructuring is expected to be completed by June 2027. Hilden, who previously led Scandinavian airline SAS through its own Chapter 11 restructuring between 2022 and 2024, said airBaltic is “targeting the same process”. The Latvian government remains the majority owner of airBaltic, while Germany’s Lufthansa holds a 10% minority stake. The government is continuing to seek a strategic investor as the airline restructures its debt, reduces its fleet and adjusts its operations. AirBaltic’s Chapter 11 filing makes it the second airline casualty linked to the economic impact of the Iran war after Spirit Airlines, although Spirit had entered bankruptcy months before the conflict began. The immediate challenge for airBaltic is to stabilize its finances while maintaining its network and operations. The airline now has until the planned completion of the Chapter 11 process in June 2027 to implement its restructuring plan, reduce costs and establish a more sustainable financial structure.

Airlines

AirBaltic Seeks Chapter 11 Protection In US Amid Rising Fuel Costs And Debt

Aviation Today News Desk / September 15, 2026

New York, United States: Latvia’s national airline airBaltic voluntarily filed for protection under Chapter 11 of the US Bankruptcy Code

Airlines

South Africa’s Jet Fuel Supply Comes Under Pressure As Natref Disruption Hits O.R. Tambo

Aviation Today News Desk / August 29, 2026

Johannesburg, South Africa: South African airlines are activating contingency measures after an unplanned shutdown at Sasol’s Natref refinery disrupted jet-fuel

London, United Kingdom: British low-cost carrier easyJet has agreed in principle to a sweetened takeover proposal from the U.S.-based investment firm Castlelake, valuing the airline at up to £5.5 billion (US$7.3 billion). If completed, the transaction would take one of Europe's largest budget airlines private and mark one of the aviation sector's biggest deals in recent years. The latest proposal values easyJet at 690 pence per share, representing a 73% premium over the airline's closing share price on 29 May 2026, the day Castlelake publicly disclosed its interest under UK takeover rules. The easyJet board said the revised proposal is at a level that it would be minded to recommend to shareholders if a firm offer is made, marking a significant shift after previously rejecting four lower bids. The agreement follows more than a month of negotiations. Castlelake initially revealed its interest in late May before progressively increasing its offers from 560p, 600p, 625p, and 650p per share, all of which were rejected by easyJet's board as materially undervaluing the airline. After rejecting the fourth proposal, the airline granted Castlelake limited access to commercial information, allowing the investor to conduct due diligence and improve its offer. Under the UK Takeover Code, Castlelake must submit a firm intention to make an offer by 3 August 2026, or withdraw unless an extension is granted by the UK's takeover regulator. The current agreement is therefore not yet a binding acquisition. The takeover would be one of the most significant ownership changes in European aviation. Headquartered at London Luton Airport, easyJet operates one of Europe's largest short-haul networks, serving more than 150 airports across the continent with a fleet of over 360 Airbus aircraft, comprising the Airbus A319, A320, A320neo and A321neo families. The airline is also a major customer of Airbus with a substantial outstanding aircraft order book supporting its long-term fleet renewal programme. Analysts believe these aircraft assets, together with valuable airport slots, are among the primary attractions for Castlelake. Industry analysts note that Castlelake is not a traditional airline operator but is a major aviation investor with extensive interests in aircraft leasing and aviation finance. The Minneapolis-based investment firm manages approximately US$38 billion in assets, leases aircraft to airlines including Qantas and Etihad Airways, and previously participated in the restructuring of Scandinavian Airlines (SAS). Analysts believe Castlelake's expertise in aircraft financing makes easyJet's fleet, aircraft order book and airport slot portfolio particularly attractive. Beyond its fleet, easyJet owns some of Europe's most valuable take-off and landing slots, particularly at capacity-constrained airports including London Gatwick, Paris Charles de Gaulle, Paris Orly and Geneva, assets that would be extremely difficult to replicate under current airport capacity restrictions. The airline's rapidly expanding easyJet Holidays business is also viewed as an important strategic asset capable of generating higher-margin revenue. One of the biggest hurdles facing the transaction is compliance with European Union airline ownership rules, which require EU airlines to remain majority owned and effectively controlled by EU nationals. To satisfy those regulations, Castlelake has proposed a structure in which it would own 49% of the acquisition vehicle while the remaining 51% would be held by European investors. The consortium includes former easyJet Chief Operating Officer and former Malaysia Airlines CEO Peter Bellew and aviation executive Mark Breen, former CEO of Arajet. Despite the board's support for the latest proposal, investors continue to price in execution risk. Following the announcement, easyJet shares climbed around 10%, reaching their highest level in almost four years. However, the stock continued trading well below the proposed 690p offer price, reflecting uncertainty surrounding financing, regulatory approvals, shareholder backing and the possibility of competing bids. Analysts at JPMorgan and other investment firms have said that while the revised proposal significantly improves the likelihood of a successful transaction, important details regarding funding arrangements and governance remain undisclosed. Some market observers have also suggested that rival airline groups could still emerge, although regulatory constraints would make any acquisition by another major European airline difficult. Lufthansa has been mentioned as a potential suitor but is currently focused on other acquisitions, while Wizz Air has also been cited, though analysts question whether it has the financial capacity for such a purchase. The position of easyJet founder Stelios Haji-Ioannou, whose family controls approximately 15% of the airline, is expected to be closely watched. He has not publicly indicated whether he intends to support the proposal, and his stance could prove influential during the shareholder approval process. The proposed acquisition comes against a challenging backdrop for the airline industry. Higher jet fuel prices, geopolitical tensions affecting energy markets, and softer consumer demand have weighed on airline profitability in recent months. easyJet had previously argued that earlier takeover proposals were "highly opportunistic", contending that its share price had been temporarily depressed by market conditions and did not reflect the company's medium-term earnings potential or strategic value. If completed, the acquisition would represent one of the largest private equity investments in European commercial aviation and could reshape the competitive landscape among the continent's low-cost carriers, including Ryanair, Wizz Air and easyJet. The coming weeks are expected to determine whether Castlelake can secure regulatory clearance, financing and shareholder approval before the August deadline.

Airlines

British Airline EasyJet Backs £5.5 Billion Castlelake Takeover Proposal In Principle

Aviation Today News Desk / July 7, 2026

London, United Kingdom: British low-cost carrier easyJet has agreed in principle to a sweetened takeover proposal from the U.S.-based investment

Emirates

Emirates’ President Says European Airlines Shouldn’t Bet On Gulf Carrier Weakness

Aviation Today News Desk / June 10, 2026

Berlin, Germany: Emirates President Sir Tim Clark has declared that the Dubai-based carrier will rebound “hard and fast” from the

Athens, Greece: A Lufthansa Airbus A321neo operating flight LH1753 from Athens to Munich was forced to return shortly after departure following an onboard technical warning that triggered an emergency response and passenger evacuation at Athens International Airport. The aircraft departed from Athens on May 11 but crews soon received a warning indication linked to the aircraft’s Auxiliary Power Unit (APU) system. Several reports initially described the situation as a possible engine or fire alert, while Lufthansa later clarified that the cockpit had received a malfunction indication and the crew followed standard emergency procedures. The Airbus A321neo safely returned to Athens after remaining airborne for only a short period. Following landing, emergency services surrounded the aircraft as it taxied on the airport surface. Cabin crew subsequently initiated a full emergency evacuation using inflatable slides after passengers and crew reportedly noticed a strong odor in the rear section of the cabin. Lufthansa confirmed that 177 passengers and seven crew members were onboard the aircraft during the incident. The airline statements indicated that three passengers sustained minor injuries during the slide evacuation and received medical attention. No serious injuries were reported. Several eyewitness accounts described scenes of panic and confusion during the evacuation, with passengers rapidly exiting the aircraft under crew instructions. Videos and photographs circulating on social media showed emergency responders positioned around the aircraft while slides remained deployed. Lufthansa stated that the crew declared an emergency in accordance with established safety procedures to ensure priority handling for the aircraft’s return to Athens. The airline also noted that the evacuation was conducted as a precautionary measure after the odor was detected in the aft cabin area. Airport operations at Athens continued normally following the incident, while technical inspections of the aircraft were initiated. Authorities and the airline are continuing to assess the exact cause of the malfunction indication.

Incidents

Lufthansa Returns To Athens Following Technical Alert, Passengers Evacuated Safely

Aviation Today News Desk / May 13, 2026

Athens, Greece: A Lufthansa Airbus A321neo operating flight LH1753 from Athens to Munich was forced to return shortly after departure

United Kingdom

Airlines Cut Flights As Jet Fuel Crisis Deepens; Lufthansa Cancels 20,000 Flights

Aviation Today News Desk / April 22, 2026

London, United Kingdom: A rapidly escalating jet fuel crisis, triggered by geopolitical tensions in the Middle East and disruption to

Bogotá, Colombia: A serious aviation safety incident involving a Lufthansa passenger aircraft and a Qatar Airways cargo jet occurred during final approach into Bogotá’s El Dorado International Airport, raising concerns over air traffic sequencing and separation standards in one of the most critical phases of flight. A Lufthansa Boeing 787-9 operating flight LH542 from Frankfurt and a Qatar Airways Cargo Boeing 777 freighter (QR8174) came dangerously close while aligning for landing at Bogotá on 19th April. Flight tracking data and radar visualizations cited across sources indicate that both aircraft were established on approach to the same runway with insufficient spacing. Estimates indicate the aircraft came within approximately 200 meters of each other, significantly below internationally mandated minimum separation standards for safe aircraft spacing. The situation escalated rapidly as the aircraft converged. In response, the Lufthansa flight crew initiated an immediate go-around maneuver, discontinuing the landing and climbing away from the approach path to restore safe separation. The Qatar Airways cargo aircraft continued its approach and landed without incident. No injuries were reported, and both aircraft remained under control throughout the event. However, aviation experts classify such occurrences as a “loss of separation,” a serious safety breach that carries the potential risk of mid-air collision if not resolved promptly. Preliminary indications point toward a possible air traffic control sequencing issue. Reports suggest that both aircraft were cleared into the same approach stream with inadequate spacing, though no official findings have been released at this stage. Authorities are expected to examine whether the separation breakdown resulted from controller misjudgment, communication gaps, or unexpected variations in aircraft speed and descent profiles. The final approach phase is widely regarded as one of the most demanding segments of flight operations, where aircraft operate at lower altitudes with reduced margins for corrective action. In such conditions, timely crew response becomes critical. The Lufthansa crew’s decision to execute a go-around is being viewed as a decisive action that prevented further escalation.

Incidents

Lufthansa Dreamliner And Qatar Cargo Jet Involved In Near Miss During Bogotá Approach

Aviation Today News Desk / April 22, 2026

Bogotá, Colombia: A serious aviation safety incident involving a Lufthansa passenger aircraft and a Qatar Airways cargo jet occurred during

Airbus

IndiGo Becomes World’s First Airline To Take Delivery Of 500 Airbus Aircraft

Aviation Today News Desk / April 13, 2026

Gurugram, India: India’s largest airline, IndiGo, has become the first airline globally to receive 500 Airbus aircraft directly from Airbus,

Airlines

Qatar Airways Named World’s Best Airline For 2026 As Asia, Middle East Dominate

Aviation Today News Desk / March 19, 2026

Global aviation benchmarking platform AirlineRatings.com has released its “World’s Best Airlines for 2026” report, naming Qatar Airways as the world’s

Lufthansa

Portugal Picks Lufthansa Over Air France-KLM For Up To 49.9% Of TAP Air Portugal

AirBaltic Seeks Chapter 11 Protection In US Amid Rising Fuel Costs And Debt

South Africa’s Jet Fuel Supply Comes Under Pressure As Natref Disruption Hits O.R. Tambo

British Airline EasyJet Backs £5.5 Billion Castlelake Takeover Proposal In Principle

Emirates’ President Says European Airlines Shouldn’t Bet On Gulf Carrier Weakness

Lufthansa Returns To Athens Following Technical Alert, Passengers Evacuated Safely

Airlines Cut Flights As Jet Fuel Crisis Deepens; Lufthansa Cancels 20,000 Flights

Lufthansa Dreamliner And Qatar Cargo Jet Involved In Near Miss During Bogotá Approach

Qatar Airways Named World’s Best Airline For 2026 As Asia, Middle East Dominate

Quick Links

Navigate

General Support

News Desk Support