Zeitfracht to take over Lufthansa’s regional LGW subsidiary
Berlin-based logistics company Zeitfracht Group has acquired German regional airline LGW from the Lufthansa Group. LGW, which operates under Lufthansa’s Eurowings brand, will continue to operate for the LCC through a long-term wet-lease agreement. Terms of the deal, which takes effect April 1, were not disclosed. “The move to Zeitfracht Group strengthens the future viability of LGW,” Eurowings MD and COO Michael Knitter said. Lufthansa acquired LGW, a subsidiary of bankrupt Airberlin, in 2017. LGW operates 17 Bombardier Dash 8 Q400s for Eurowings. Zeitfracht’s acquisition of LGW “is also an important step for Eurowings toward a uniform Airbus A320 fleet structure in the short- and medium-haul business,” Knitter said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-22/unaligned/zeitfracht-to-take-over-lufthansa2019s-regional-lgw-subsidiary
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Zeitfracht to take over Lufthansa’s regional LGW subsidiary
Berlin-based logistics company Zeitfracht Group has acquired German regional airline LGW from the Lufthansa Group. LGW, which operates under Lufthansa’s Eurowings brand, will continue to operate for the LCC through a long-term wet-lease agreement. Terms of the deal, which takes effect April 1, were not disclosed. “The move to Zeitfracht Group strengthens the future viability of LGW,” Eurowings MD and COO Michael Knitter said. Lufthansa acquired LGW, a subsidiary of bankrupt Airberlin, in 2017. LGW operates 17 Bombardier Dash 8 Q400s for Eurowings. Zeitfracht’s acquisition of LGW “is also an important step for Eurowings toward a uniform Airbus A320 fleet structure in the short- and medium-haul business,” Knitter said. <br/>
