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Lufthansa plans job cut, to ground 500 aircraft by 2022

Freedom Reporter by Freedom Reporter
May 19, 2020
in Aviation, Breaking News, News
0
Lufthansa agrees bailout with German government

Lufthansa

Lufthansa is bracing for hundreds of aircraft to remain grounded due to the coronavirus pandemic well into 2022 and that further job cuts at its maintenance and catering businesses were inevitable.

The German airline is set to ground 500 of its 763 aircraft by 2022 due to COVID -19.

In a letter to staff, the airline’s executive board said that 300 aircraft would remain grounded in 2021 and that 200 aircraft would be grounded in 2022.

“In the summer of 2023, when we will hopefully will have put this crisis behind us, we will still likely have a fleet that is 100 aircraft smaller,” the board said in the letter.

The airline group had a fleet of 763 planes at the end of 2019, according to its annual report.

Maintenance unit Lufthansa Technik and catering business LSG would have to face a considerable number of additional jobs to be cut, according to the letter.

Tags: Lufthansa plans job cut to ground 500 aircraft by 2022
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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.