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Lufthansa Inches Toward Restart, Seeks German Government Bailout

European airlines are beginning to see faint glimmers of economic sunlight and preparing to come out of their coronavirus hibernation.Deutsche Lufthansa AG (OTCMKTS:DLAKY) on Friday said group airlines Lufthansa, Eurowings and SWISS will collectively reactivate 80 aircraft for June, doubling the operational fleet size to serve a total of 106 destinations. IAG Group this week said it plans to ramp up passenger service in July on the expectation that travel restrictions will ease and more people will start flying again. Both airlines have shrunk flight operations to less than 10% of their pre-crisis level as the pandemic caused the travel market to collapse.Most of the Lufthansa Group aircraft currently in service today are flying cargo or rescue missions for governments and travel operators to bring home tourists and other travelers stranded abroad by coronavirus travel bans. Lufthansa operates a dedicated fleet of freighters and is using many passenger planes for dedicated cargo operations too.With the outbreak past its crest in Europe, Lufthansa said it will gradually expand its flight schedule each month as Germany and other European countries loosen travel restrictions and open borders "We sense a great desire and longing among people to travel again. Hotels and restaurants are slowly opening, and visits to friends and family are in some cases being allowed again. With all due caution, we are now making it possible for people to catch up and experience what they had to do without for a long time. It goes without saying that the safety and health of our guests and employees are of the highest priority," said Harry Hohmeister, the head of commercial passenger airlines at Deutsche Lufthansa AG, in a statement.Starting in June, Group airlines will again fly to leisure destinations in Mallorca, Spain; the German island of Sylt; Rostock, Germany; and Crete, Greece. The June flight schedule will be published within a week.The company cautioned travelers to prepare for longer wait times at airport security checkpoints as authorities impose stricter hygiene regulations. And catering services on board will also remain restricted until further notice.Earlier this week, Lufthansa Group began requiring all passengers to wear face masks to help protect passengers and crew members from infection.Meanwhile, the parent company disclosed this week that it is negotiating with the German government for an emergency financial aid package worth 9 billion euros ($9.7 billion) to help fund operations and payroll until revenues pick up in a meaningful way.Germany privatized Lufthansa in the late 1990s.The relief package would include a secured loan and a non-voting equity stake of up to 25% for the government. Lufthansa would also be required to suspend future dividend payments as part of the deal.Lufthansa officials have warned the company may file for bankruptcy without stabilization aid. An issue under debate is the government's request for two board seats, which could give the government a say in how many workers to retain or other policies.Most of Lufthansa's workers are on leave and receiving aid under a government safety-net program.The International Air Transport Association has said governments need to do more to help airlines get through the worst crisis in aviation history because of the enormous number of jobs involved and because air travel is critical to reviving the global economy.Photo: Lufthansa AirlinesSee more from Benzinga * BLS Report: Six Years Of Trucking Sector Job Gains Have Disappeared * USA Truck Sees Green Shoots Amid Uncertainty; Shares Surge * California Targets Two Trading Companies Over Fuel Prices, But Diesel Isn't Part Of The Lawsuit(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.





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Why Pinterest (PINS) Stock Could Be The Next Facebook?




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Angel Partners Reveals 'Fantastic' Year for Startups and Angel Investors in 2019 as Interest for Early Stage Startup Increases

Online angel investment platform, Angels Partners, announced this year had been exceptional in connecting entrepreneurs and investors across different locations (India, USA & EU) and industries.




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Insights into the Conflict Regarding COVID-19 Guidelines between the American Society for Reproductive Medicine (ASRM) and a New Interest Group of Fertility Centers, the Fertility Providers' Alliance

"Controversy" over COVID-19 and fertility treatment reveals investor-led interest pushing for more control in the IVF field




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FarmVisionAI™ Installations Double and Help Farmers Manage COVID-19 Restrictions

Illumitex's FarmVisionAI provides remote visualization, AI analysis, and labor management alleviating COVID-19 driven operational constraints




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Gears 5 Restores First-Party Order on Xbox

Our Xbox crew discusses the Gears 5 campaign now that the review embargo has lifted (don't worry, no spoilers!). Plus: our impressions of Ghost Recon Breakpoint after playing six hours of it, Cyberpunk 2077's surprising multiplayer announcement, Telltale's even more surprising sorta-resurrection, and more!




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Restoring American Competitiveness

Gary Pisano, Harvard Business School professor and coauthor of the HBR article "Restoring American Competitiveness."




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Restoring America’s Innovation Economy

Rosabeth Moss Kanter, Harvard Business School professor and author of the HBR article "Enriching the Ecosystem."




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Restoring Sanity to the Office

Basecamp CEO Jason Fried says too many people find it difficult to get work done at the workplace. His company enforces quiet offices, fewer meetings, and different collaboration and communication practices. The goal is to give employees bigger blocks of time to be truly productive.




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Weldons Welcomes a Very Interesting Antique Irish Silver Salver

Mr Garrett Weldon of Weldons jewelers Dublin announced a new arrival in stock of a very interesting antique Irish silver salver, made in Dublin circa 1740, by Samuel Walker.




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Dutch Restaurant's Social Distancing Techniques: Individual Dining Greenhouses, Food Served on Long Planks

Dutch restaurant ETEN, which is part of Amsterdam's Mediamatic Arts Centre, is trialing an innovative approach to social-distancing dining. As reported by Reuters, a series of small greenhouses (max. capacity: 3) has been constructed along the waterfront outside of their restaurant.

Servers wear gloves and facemasks.


Food is served on long planks, so the servers can slide them onto the tables without entering the greenhouses.



Ditto for busing the dishes afterwards.


If I can point out one flaw, it's that the tables need those server-summoning buttons they have in Asia. In the photo below, you can clearly see the two dudes on the right are desperate for refills.

And while the solution is Dutch, the marketing contains a bit of French. "Organisers call the project 'Serres Séparées' (Separate Greenhouses)," Reuters reports, "because they say it sounds better in French."




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Canada’s ALDO Group announces intention to restructure




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Hotels / Restaurants




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Hotels / Restaurants




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Hotels / Restaurants

Indians aren’t generous tippers. When restaurants started adding service charge to the bill, it solved the problem of stingy tipping to some extent.




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Hotels / Restaurants




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Covid-19: JLR restores three-fourth of its budgeted production in China

Covid-19: JLR restores three-fourth of its budgeted production in China





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Mobile phones’ manufacturing to restart

Makers of iphone & Xiaomi phones get requisite permissions from state authorities in South




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Samsung, Oppo, Vivo & Lava get Uttar Pradesh government nod to restart operations

“Permissions have been received by the majority of the companies, though the workforce has been truncated to 20-30%. It is extremely difficult to reach any kind of optimisation and efficiency in this manner,” Pankaj Mohindroo, chairman of India Cellular & Electronics Association (ICEA), told ET.




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How interest will be calculated if you opt for moratorium on credit card dues amid Covid lockdown

Normally, one can defer payment by paying 'minimum due amount' and roll over the balance outstanding amount to the next month. In this process, the unpaid amount is carried forward to the next billing cycle and 2-4 percent interest is levied on it.




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Centre rolls out Air India's disinvestment process, seeks Expression of Interest

Centre rolls out Air India's disinvestment process, seeks Expression of Interest





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Mirchi PMLA case: ED arrests DHFL promoter Kapil Wadhawan

Mirchi PMLA case: ED arrests DHFL promoter Kapil Wadhawan





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SCCM Pod-167 PCCM: Restrictive Versus Liberal Transfusion Strategy in Children

M. Cholette, MD, is the lead author of an article published in the January Pediatric Critical Care Medicine




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POKE ME: SEBI needs to loosen up and keep its eye on investor interest using economics

Many of the securities laws are spread over circulars, which are vague and ever-changing. It is not clear how ordinary companies can keep track with daily changes and excessive complexity of regulations.




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Poke Me: SEBI needs to loosen up and keep its eye on investor interest using economics (Reader's React)

Sebi must ensure that no one is hanged without a fair hearing, levy of penalty on Reliance speaks about the regulator’s firmness, a reader said.




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Poke Me: Young and the restless(Readers React)

This week's "Poke Me" invited your comments on "Young and the restless". Here are the selected opinions.




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Moratorium on loan EMIs, credit card dues will have an interest cost

People have a lot of misconceptions about what has been promised. Keep these things in mind when you make financial decisions basis the announcements in the relief package.




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What RBI's announcement today means for your loans and fixed deposit interest rates

The RBI announced a host of measures today aimed at increasing liquidity in the economy.




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SBI's 1-year FD is offering lower interest rate than some banks' savings accounts

Apart from small finance banks, certain private banks are also offering higher interest rate on savings accounts. Banks offering higher interest rates on savings account comes with certain conditions.




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1700 Indian workers arrested or deported from Kuwait: Government

The minister said the government has already set up an Indian Workers Resource Centre in Dubai and will set up two more in Saudi Arabia and Malaysia.




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Govt cuts interest rate on small savings schemes by 0.1 pc, effective July 1

Govt cuts interest rate on small savings schemes by 0.1 pc, effective July 1





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Nepal: Chinese protesters arrested after clash with police, 6 cops injured

Nepal: Chinese protesters arrested after clash with police, 6 cops injured





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Bandipora: Fake currency racket busted by J&K Police, 4 arrested

Bandipora: Fake currency racket busted by J&K Police, 4 arrested





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Naikoo encounter:Restrictions tightened across Kashmir to maintain law and order

They said while the government is strictly enforcing the COVID-19 lockdown, the additional restrictions were imposed on Friday to ensure that the day passes off peacefully.




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Covid impact: Companies may restrict business travel

Globally, the pandemic has had a far-reaching impact and responsible organisations will choose not to put any employee at risk, feels Dayapatra Nevatia, chief operating officer, Mindtree.




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Lockdown 3.0: Some auto cos resume production, others prepare to restart manufacturing

The country's largest carmaker Maruti will resume operations at its Manesar plant from May 12.




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Uber restarts in green, orange zones

Areas designated as Green and orange zones, where the spread of Covid-19 infections is under control, account for more than 80% of India’s 733 districts, Uber said.




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From blue-green lagoons to lush rainforests, explore top attractions of Fiji

It’s time to say ‘Bula’ as Indian filmmakers make plans for filming in Fiji.




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Amazon says focus on original content to light up FireStick sales

Amazon Fire TV Stick is a content streaming device that plugs into an HDTV and lets customers access Prime Video and other OTT services such as Netflix and Hotstar.




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Trai set to restart open house discussions via video-conferencing

This will be the first Open House Discussion (OHD) to be conducted by the regulator during the lockdown and also first such discussion to happen through video-conferencing mode.




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Construction work restarts at over 100 projects in NCR

Construction groups have received permission to restart work in the National Capital Region, after getting permission from local authorities and fulfilling government mandated conditions.​​ The companies have imposed a ban on gutka, pan masala, pan and any form of tobacco at their sites to maintain hygiene.




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DEA-Led Operation Nets More Than 600 Arrests Targeting Cártel Jalisco Nueva Generación

The Justice Department and the Drug Enforcement Administration (DEA) today announced the results of Project Python, a DEA-led interagency operation encompassing all global investigations and related disruption activities targeting the Cártel de Jalisco Nueva Generación (CJNG).




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Fayetteville Doctor Arrested On Charges Of Wire Fraud, Mail Fraud, Making False Statements, And Involuntary Manslaughter




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The Department of Justice Files Statement of Interest in Support of Church That Ministers to Underserved Communities

The Department of Justice today filed a Statement of Interest in a Virginia federal court concerning the First Amendment’s freedom of religion in support of Lighthouse Fellowship Church (Lighthouse), a congregation in Chincoteague Island, Virginia, that serves, among others, recovering drug addicts and former prostitutes.




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Justice Department Files Statement of Interest to Protect the Rights of Military and Overseas Voters in Georgia

The Department of Justice today filed a Statement of Interest in a Georgia federal court to help ensure that uniformed service members serving their country away from home, their family members absent with them, and American citizens living overseas have the opportunity to participate fully in Georgia’s 2020 federal elections. The Statement of Interest is part of the Department of Justice’s continued efforts to enforce the Uniformed and Overseas Citizens Absentee Voting Act (UOCAVA).




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Department of Justice Files Statement of Interest in Clanton, Alabama, Bond Case




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Department of Justice Statement of Interest Supports Meaningful Right to Counsel in Juvenile Prosecutions

The Department of Justice today filed a statement of interest in the Superior Court of Fulton County, Georgia, in N.P. et al. v. The State of Georgia, et al.




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SEC Office of Compliance Inspections and Examinations Publishes Risk Alerts Providing Advance Information Regarding Inspections for Compliance with Regulation Best Interest and Form CRS

The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) has issued two risk alerts: Examinations that Focus on Compliance with Regulation Best Interest and Examinations that Focus on Compliance with…




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Man Arrested for Theft of Military Property




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Interesting photos - 25 Apr 2020 - Flickr