[Bild / The Local – Germany Edition] Germany’s biggest airline Lufthansa may be setting up a new budget airline “Direct 4 You” to take over the company’s European flights for as little as €49 one way, national newspapers reported on Friday.
The new airline would, according to Bild daily newspaper, be up and running by the beginning of 2013.
Its current sister airline – Germanwings – would be scrapped and some of the planes rebranded Direct 4 You. Staff would be given the option to move to the new company.
By 2015, another of Lufthansa’s subsidiaries, Eurowings, could be merged into the new fleet.
Many intra-European flights that Lufthansa currently operates could be adopted by Direct 4 You, which, according to Bild, should be offering flights from €49 on its fleet of 90 airbuses.
Lufthansa’s financial woes have been in the media recently, with reports suggesting that it plans on making cuts of up to €1.5 billion as it faces increasing competition.
As a result of the cuts, its fleet of planes would, according to Die Welt daily, mostly fly out of Frankfurt and Munich, two of Germany’s biggest….
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Published: 27 Apr 12 08:02 CET
The Local/jcw
