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Lufthansa moves to take over Austrian Airlines

German airline Lufthansa has submitted plans to take over Austrian Airlines (AUA) to the European Union competition authorities, with the Austrians expecting a ruling in the middle of June.

Lufthansa moves to take over Austrian Airlines
Photo: DPA

Lufthansa made an offer for its Austrian counterpart in February, and has already agreed a price for the 75 percent share it has targeted – including a nominal payment for the Austrian government’s 41.56 percent.

The Austrian government pledged to take on around €500 million of AUA’s debt, a fact which prompted a number of competitor airlines such as Air France-KLM, British Airways and Ryanair, to complain that Lufthansa would be profiting from state aid should it buy AUA.

EU transport commissioner Antonio Tajani said in March that the takeover should not be much of a problem, despite the participation of the Austrian government.

The ruling is expected to be delivered on June 17, a spokesman for Neelie Kroes, the EU competition commissioner.

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MALLORCA

Lufthansa fires up ‘jumbo jet’ for surge in German tourists bound for Mallorca

German airline Lufthansa said Friday it was taking "extraordinary measures" to meet surging bookings for the Spanish holiday island of Mallorca, deploying a jumbo jet to ferry passengers from Frankfurt.

Lufthansa fires up 'jumbo jet' for surge in German tourists bound for Mallorca
Tourists enjoy the first days of summer on the island of Mallorca. Photo: picture alliance/dpa/AP | Francisco Ubilla

The group said it had seen a jump in reservations from German sunseekers in recent weeks, as concerns about the pandemic ease thanks to falling infection numbers and vaccination progress across Europe.

To meet demand, Lufthansa said it would swap the 215-seat Airbus A321 that usually plies the Frankfurt-Mallorca route for its Boeing 747-8 “jumbo jet”.The 747, also known as the “Queen of the Skies”, can carry 364 people and is the largest plane in Lufthansa’s fleet.

The super-large planes normally fly transatlantic routes but have been
mostly grounded since the pandemic upended air travel.

READ ALSO: ‘I really needed a break’: Pandemic-weary Germans find freedom on Mallorca

“Lufthansa is taking extraordinary measures in order to respond to a significant increase in booking demand for flights to Palma de Mallorca,” the airline said in a statement.

The jumbo jet will be used for four weekends over July and August, it added, Europe’s key summer travel season.

Mallorca is one of the most popular tourist destinations for Germans and is sometimes affectionately referred to as Germany’s “17th state”.

Before the pandemic, around five million German tourists visited the island
each year.

READ ALSO: ‘Germans are coming back’: Spaniards sceptical over return of tourists

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