Germany's Fraport said it would start operating a third passenger terminal at Frankfurt International Airport around three year later than initially anticipated amid reduced traffic growth. According to a report in Die Bild, construction of the new terminal will start in 2015, as the operator will only need it from around 2020, CEO Stefan Shulte said. Passenger growth will be unchanged in 2013 and remain “weak” in 2014, he added. Construction of the first phase of the terminal will cost about EUR1.2 billion, Fraport said, compared to previous estimated of around EUR1 billion, with an additional EUR500 million to be invested on infrastructure connecting the terminal to existing buildings and highways, parking facilities and apron areas. Fraport earlier had said inauguration of the new terminal was planned for 2016 or 2017, while construction would start after all individual construction stages had been tendered by the middle of 2013.
Fraport to delay opening of third passenger terminal at Frankfurt Airport: report
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For several years airberlin has been unable to break the cycle of losses and successive restructuring initiatives, in spite of repeated bailouts from airberlin's 29% shareholder Etihad. A number of details are still to be clarified. These include the detailed route networks for the different operators, the network airline's strategy for feed, and the balance of charter versus scheduled flights in the new leisure airline. However, for now and with help from competitors and Etihad, airberlin looks to have ensured at least some kind of future.
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Lufthansa's supervisory board has approved the exercise of its call option to buy the remaining 55% of SN Airholding, the parent company of Brussels Airlines. Lufthansa acquired 45% of the company in 2009 and negotiated the option to buy the balance of the shares for no more than EUR250 million. The deal is expected to close in early 2017, once the details of the purchase have been agreed with the other SN Airholding shareholders.
Lufthansa and Brussels Airlines have an extensive codeshare agreement and are partners in the Star Alliance. Their existing relationship is such that Brussels Airlines already feels like a member of the Lufthansa Group. The main draw for Lufthansa has always been its Belgian partner's extensive African network (it is the number two airline on Western Europe-Central/Western Africa).
However, it now seems that Lufthansa will, at least partly, integrate Brussels Airlines into its Eurowings low cost brand. Lufthansa is keen to accelerate Eurowings' expansion through partners (and is also to wet-lease up to 35 aircraft from airberlin). Brussels Airlines' fleet and single-class configuration on short/medium haul should fit with Eurowings, but its unit cost and network airline business model are not characteristic of an LCC.