Eurowings to slash fleet and workforce
DDP/The Local - [email protected]
Published: 19 Jan, 2010 CET.
Updated: Tue 19 Jan 2010 18:08 CET
Lufthansa subsidiary Eurowings plans to halve its fleet and reduce its workforce by a significant number from the summer onwards, the company's managers said Tuesday.
The company's board of directors said that it was currently in negotiations with representatives of other responsible bodies to agree a mutually acceptable timetable for the winding down of its operations.
The planes to be retired are Eurowings' entire fleet of 17 small CRJ 200s and two CRJ 700s. According to the management, the CRJ 200s, which have only 50 seats, are no longer economically viable because of the changing air travel market.
Eurowings, a regional airline managed by Lufthansa, currently has a fleet of 34 planes and employs 1,257 people. Although Lufthansa only owns 49.08 percent of the company, it has an agreement with the majority stockholder Albrecht Knauf that allows it to run the company.
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The company's board of directors said that it was currently in negotiations with representatives of other responsible bodies to agree a mutually acceptable timetable for the winding down of its operations.
The planes to be retired are Eurowings' entire fleet of 17 small CRJ 200s and two CRJ 700s. According to the management, the CRJ 200s, which have only 50 seats, are no longer economically viable because of the changing air travel market.
Eurowings, a regional airline managed by Lufthansa, currently has a fleet of 34 planes and employs 1,257 people. Although Lufthansa only owns 49.08 percent of the company, it has an agreement with the majority stockholder Albrecht Knauf that allows it to run the company.
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