Blogging about aviation
Four out of six members of the Executive Board are leaving the Group almost simultaneously, and the Supervisory Board is also eliminating one Executive Board position entirely. Only the CEO Carsten Spohr and the former Chief Human Resources Officer Michael Niggemann will remain.
Lufthansa announced this Group Executive Board mega-restructuring on February 22 in the evening. From July 1, Continue reading “Lufthansa share price slips – risk of strike and Executive Board restructuring”
First the profit warning, then the fall in the share price, Lufthansa recently shocked investors. Various media speculate that Group CEO Spohr could counter the increasing pressure with a restructuring. Apparently a lean holding company is being discussed.
Lufthansa could transform itself into a holding company in the future. The “Handelsblatt” writes that a new, leaner group structure is being discussed in the company’s Executive Board and parts of the Supervisory Board. Continue reading “Lufthansa on the verge of restructuring?”
Carsten Spohr and James Hogan are unfazed by the growing protectionist mood since Trump´s election. The chief executives of the airline groups Lufthansa and Etihad on February 1st shrugged off concerns that their industry could suffer from a protectionist backlash against free trade. Both said that aviation deals make globalization possible for other industries.
At an Abu Dhabi press conference to announce a tie-up in catering and potentially other areas of operation, Carsten Spohr, the chief executive of the German carrier, said that the aviation industry “are the good guys of globalisation. We make globalisation feasible for billions of people around the world”.
“We play a very important part in making globalisation positive for as many people as possible beyond aviation itself,” he said.
Etihad’s James Hogan said: “We continue to have dialogues with the GCAA, who in turn have their dialogue with the EU. There are challenges, there’s points of view. What is more important is how does partnership deliver. It’s about connectivity, it’s about jobs and economic contribution. It shouldn’t be about politics.” Continue reading ““The good guys of globalisation””