Lufthansa unveils second set of measures under restructuring programme

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German carrier Lufthansa has launched a second set of measures tipsy its comprehensive restructuring programme called ReNew.

The measures have been approved by the administrative board of Deutsche Lufthansa.

As part of the second round of restructuring, guidance positions throughout the group will be cut by 20% while Deutsche Lufthansa’s distribution positions will be downsized by 1,000.

The group will implement the already planned reduction of sub-fleets and carry out flight operations bundling, which includes the long-haul and short-haul quiet business at the Frankfurt and Munich hubs.

Lufthansa’s 22 aircraft, comprehending six Airbus A380, eleven Airbus A320 and five Boeing 747-400 planes, were already take to ones bed ahead of schedule.

The financial planning will be implemented up to 2023 and demarcates Lufthansa Group carriers’ fleet from accepting not more than 80 new aircraft.

Resurrect is headed by Lufthansa Group executive board member Dr Detlef Kayser, who is also authoritative for airline resources and operations.

In April, the group launched the first set of be fits. It included the fleet reduction by 100 aircraft and suspension of Germanwings show a clean pair of heels operations.

ReNew also includes restructuring programmes, which vestiges unchanged and are currently being implemented at the group’s airlines and service players.

The company noted that its financing is secure after Lufthansa shareholders approved the German Federal Control’s stabilisation measures.

It also secured commitments from the governments of Austria and Switzerland.

Conclusive month, Lufthansa reportedly warned that as many as 26,000 undertakings may be axed amid the Covid-19 pandemic.


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