Skip to content
September 10, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Covid-19: Lufthansa plans massive job cut, to ground 500 aircraft by 2022
  • Business & Economy

Covid-19: Lufthansa plans massive job cut, to ground 500 aircraft by 2022

Admin May 19, 2020

Lufthansa Airways

Lufthansa Airways

German airline, Lufthansa,  is bracing for hundreds of aircraft to remain grounded due to the covid-19 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.

Reuters

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Covid-19 German Airline Job cut Lufthansa

Post navigation

Previous Okomu Oil, Dangote Cement, others gain as stock market stays bullish
Next Security man ,50, commits suicide in his one-room apartment

Related Stories

Dangote’s proposed Kenyan oil refinery faces hurdles, not least with crude supply Aliko Dangote
  • Business & Economy

Dangote’s proposed Kenyan oil refinery faces hurdles, not least with crude supply

September 9, 2026
Dangote Refinery IPO preparations trigger N1.88trn loss in equities market NNPCL
  • Business & Economy

Dangote Refinery IPO preparations trigger N1.88trn loss in equities market

September 8, 2026
First-class graduate Mary-Brenda Akoda becomes first millennial winner of $100,000 Science and Innovation prize for GenScan AI
  • Business & Economy

First-class graduate Mary-Brenda Akoda becomes first millennial winner of $100,000 Science and Innovation prize for GenScan AI

September 8, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

2027: President ​‌‌‌⁠‍‍⁠⁠‌‍‍⁠‍‌‌​‌‌​Tinubu, APC pray court to dismiss Atiku’s alleged forgery suit security agencies
  • National News

2027: President ​‌‌‌⁠‍‍⁠⁠‌‍‍⁠‍‌‌​‌‌​Tinubu, APC pray court to dismiss Atiku’s alleged forgery suit

September 10, 2026
Customs seizes N43.5bn narcotics, drones, expired goods at Apapa Port federal republic of nigeria
  • National News

Customs seizes N43.5bn narcotics, drones, expired goods at Apapa Port

September 10, 2026
Akpabio petitions DSS over purported anti-North comment
  • National News

Akpabio petitions DSS over purported anti-North comment

September 10, 2026
Amnesty: 4,000 Nigerians with irregular migration status have left India — Envoy
  • National News

Amnesty: 4,000 Nigerians with irregular migration status have left India — Envoy

September 10, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.