British travel group Thomas Cook has dropped plans to sell its German unit Condor to low-cost airline Air Berlin, and has also suspended a share buy-back programme, Thomas Cook said on Friday.
The former German chief executive of airplane maker Airbus, Gustav Humbert, is in French custody for questioning over alleged insider trading and will go before a judge Wednesday to face possible charges, a source close to the case said.
Germany will play host this week on the 60th anniversary of the Berlin Airlift to octogenarian former pilots who helped save the embattled western part of the city as the Soviets tried to starve it into submission.
The European Commission opened a probe Tuesday into state aid to Frankfurt’s Hahn airport and contracts with low-cost carrier Ryanair to ensure that they respect EU rules after receiving complaints.
German airline Lufthansa said on Monday it had launched two new routes from China and Singapore, but it would not burden customers with a surcharge despite increasing fuel prices.
The current record highs in oil prices will force some airlines into bankruptcy, including German rival Air Berlin, the outspoken Ryanair chief told a German newspaper on Sunday.