Iran Airtour has announced the launch of its new service to Paris, starting 31 January 2025. The flights will be operated using the A300 aircraft, marking a significant expansion in the airline’s European network. Following the introduction of the Paris route, Iran Airtour plans to add destinations in Germany, Spain, and Italy to its schedule.
Lufthansa has successfully issued an unsecured euro hybrid bond with a total volume of US$515 million (approximately €475 million). This bond is part of Lufthansa’s financial strategy to maintain liquidity and strengthen its financial position. The bond bears an interest rate of 5.25% per annum and has a term of 30 years, demonstrating Lufthansa’s confidence in its long-term stability and growth.
Lufthansa Group (Germany) is poised to finalize a major deal to acquire a stake in ITA Airways (Italy) on January 13, 2025, marking the culmination of years of negotiations. This strategic investment is expected to strengthen Lufthansa’s position in the European aviation market and provide ITA Airways with a stable partner to support its growth and modernization efforts.
GOAL Aircraft Leasing, a prominent German leasing company, has finalized a sale and leaseback agreement with Porter Airlines (Canada) for two Embraer E195-E2 aircraft. These modern jets will be operated by Porter Airlines under long-term lease arrangements, further strengthening its fleet for regional and transcontinental operations.
Lufthansa City Airlines, a subsidiary of the Lufthansa Group, has taken delivery of a new Airbus A320neo, featuring serial number 11672. The aircraft is powered by advanced PW1127G-JM engines, manufactured by Pratt & Whitney, offering superior fuel efficiency and lower emissions.
Lilium GmbH, the German electric aircraft startup known for developing the Lilium Jet, has entered into an asset purchase agreement with Mobile Uplift Corporation GmbH, a consortium of investors from Europe and North America. This development follows Lilium’s recent financial challenges, culminating in the cessation of operations and the layoff of approximately 1,000 workers on December 20, 2024.
MTU Aero Engines, a leading German aircraft engine manufacturer, has announced the appointment of Johannes Bussmann as its new CEO, effective 31 December 2025. Bussmann will succeed Lars Wagner, who will step down on the same date.
Finnair, the national carrier of Finland, has received export credit support exceeding US$105 million to finance its 18th Airbus A350-900. The funding, facilitated by the export credit agencies of Germany, France, and the UK, underscores international confidence in the airline’s operational and financial stability. The aircraft, identified as serial 708, was financed through an arrangement led by Citibank Europe (UK).
Lufthansa, Germany’s flagship carrier, has urged the European Commission to suspend the EU-Qatar air transport agreement, citing concerns over its “radically unequal” terms and serious corruption allegations. The agreement, which liberalizes market access between the EU and Qatar, has come under increased scrutiny in recent months.
TAAG Angola Airlines has entered into a long-term agreement with Lufthansa Technik (Germany) to provide aircraft component services for its brand-new fleet of Boeing 787s. This collaboration marks a significant milestone in TAAG’s fleet modernization strategy, ensuring reliable maintenance support for its operations.
