Originally Posted by
Yaatri
No wonder that LH has extra capacity that it can't sell. EK's backers with deep pockets provide it with subsidies. LH probably gets big subsidies, as all European airlines do, from their Govt, of the country with the largest and the best positioned economy in EU.
You have got to be kidding ... they got privatised in 1992 and after begging financial institutions for 4-5 years managed the turnaround.
Originally Posted by
PVDtoDEL
FWIW, a rumor on the street
Volk Airlines is to be funded by Lufthansa. They have a German name, have signed a maintenance contract with LH Technik, their CEO went on a 15 minute speech about how important FDI is when I asked, etc.
Now thats a real joke. LHT provides service to umpteen airlines.... 'Volk' is one term term that would offput any German investor...
