Thursday, November 21, 2024
31.5 C
Lagos

Lufthansa Group, Air China in Strategic Partnership

Lufthansa Group and Air China signed a partnership agreement in Beijing on September 20, 2016 which will enable the two companies to jointly operate all connections between Europe and China as part of a commercial joint venture. The co-operation is scheduled to commence at the start of the 2017 summer flight timetable.

The joint venture aims to significantly expand their mutual code-sharing connections and enhance their commercial partnership. This will allow the Lufthansa Group to continue pursuing its partnership-driven Asia strategy.

Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG, said: “The Chinese aviation market is one of the most important growth markets worldwide. We want to profit from this growth together with our Star Alliance partner, Air China.”

Cai Jianjiang, Chairman of Air China, stated: “Under the Joint Venture framework, we will further expand network coverage in China and Europe, enhance the flight connections in beyond markets and optimise flight schedules, enabling us to bring more and flexible flight choices, favorable fare products and seamless travel experiences.”

The expanded code-sharing connections will enable Air China’s customers to conveniently travel on more code-sharing routes to/from various destinations in Austria, Belgium, Germany and Switzerland via the Frankfurt, Munich, Zurich and Vienna hubs.

In turn, Lufthansa, Swiss and Austrian Airlines will gain access via Air China to additional routes in China, the second-biggest aviation market in the world. Further destinations are set to be added soon as part of code-sharing.

spot_img
spot_img
spot_img

Hot this week

UNIDO, ILO, Others to Headline 5th Lagos Waste Forum

Top government officials, Coca-Cola, the United Nations Industrial Development...

Polaris Bank Champions Financial Literacy for Students in Commemoration of World Savings Day 2024

Polaris Bank concluded its nationwide financial literacy initiative with...

WAICA: Heirs Insurance Sector Head Seeks AI Innovation to Drive Insurance Growth

L-R Niyi Onifade, Sector Head, Heirs Insurance Group and...

Stanbic IBTC Pension Managers Champions Nigerian Art with ART X Lagos Sponsorship

Stanbic IBTC Pension Managers has again made a significant...

Topics

SEC, NGX Group Reinforce Commitment to Capital Market Digital Transformation

The Securities and Exchange Commission (SEC) and Nigerian Exchange...

Making the Circular Economy Work for 210m Nigerians  

By Elvis Eromosele Nigeria has a huge population. Current estimates...

Jonathan, Johnson, Galaxy Backbone Honoured at ICT Centenary Awards

President Goodluck Jonathan, Dr. (Mrs.) Omobola Johnson, Galaxy Backbone...

NSE Migrates UBA, Access Bank to Premium Board Today

The Nigerian Stock Exchange (NSE) is pleased to announce...

Examining Peter Obi’s Debate Boycott Threat

By Haniel Ukpaukure Debates involving candidates in an election are...

Fidelity Bank Plc Donates Maternity Kits to Pregnant Women in Yaba, Lagos

Fidelity Bank Plc, a leading financial institution, has donated...

Continental Re Seeks Entries for 10th Pan African Re/Insurance Journalism Awards 2025

Continental Reinsurance Plc, a leading Pan-African reinsurer, is proud...

Buhari: ‘Oil Prices Totally Unacceptable’

President Muhammadu Buhari says the current prices of oil...
spot_img

Related Articles

Popular Categories

spot_imgspot_img