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Tag Archives: Lufthansa

Lufthansa profits drop though one local operation holds it own

THE parent group of Lufthansa Shannon has reported a drop in profits, which it largely attributes to challenges presented by Covid-19. One of the Shannon operations returned a profit, however, and government subsidies were instrumental in keeping the business going. Lufthansa Technik Airmotive Ireland Holdings Limited (of which Lufthansa Technik Turbine Shannon Limited and Lufthansa Technik Shannon Limited are part) 2020 accounts, stated that it remained profitable in 2020, but the amount was down on 2019. “The group reported a profit for the financial year amounting to US$33.9 million (2019: US$56.8 million) and net assets at the end of the financial year of US$602.4 million (2019: US$565.3 million).” It added that there had been a reduction in turnover of 13% (2019: increase of 3%) and a sharp decline in profit before interest and tax on the previous year to US$41.2 million (2019: slight increase to US$66.4 million). Lufthansa Technik Shannon specialises in the overhaul of aircraft, and this sector was …

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SIPTU disappointed at scale of redundancies

IN a statement SIPTU, which has 350 members employed at Lufthansa Technik Shannon Ltd (LTSL) said it was “disappointed and concerned” at the scale of the job losses being proposed. Spokesperson Karan O Loughlin, said, “SIPTU shop stewards and members have put hard work into maintaining the operation of this site as evidenced in the pandemic operation agreements entered into from September 2020 until March 2021 and a further agreement from March 2021 to September 1, 2021. They did this while awaiting the outcome of the due diligence process carried out by its new owners.” She added, “SIPTU representatives now wish to engage with LTSL and AAG management concerning the scale of redundancies and a strategic way forward to protect the remaining employment, terms and conditions of our 350 members in LTSL.” Clare TD Joe Carey said that engagement must happen. “Management need to engage with these loyal workers and their representatives. “Many of these workers have been employed at …

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180 jobs at risk in Shannon- “A really difficult day for our colleagues”

IN a statement Lufthansa Technik Shannon Ltd (LTSL) have acknowledged that its sale to Atlantic Aviation Group will result in job lossess. “The acquisition of LTSL by Atlantic Aviation Group will secure approximately 300 jobs. While the final numbers are still approximate, it is proposed that over 300 roles will be secured at LTSL, while approximately 180 roles are at risk of redundancy. The consultation process around the proposed redundancies will commence over the coming weeks,” it said. Pat Shine, CEO and MD of Lufthansa Technik Shannon Ltd. (LTSL) said: “The severe impact of the Covid-19 pandemic led to an extensive strategic review of the business to determine its future. Every option was explored, the priority being to protect the maximum number of jobs and the specialist experience of the LTSL workforce. The sale of LTSL to AAG, a company that understands our business and has a strategy for growth through acquisition, presented itself as the most viable solution to …

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Shannon airport

Shannon Airport to double capacity on Frankfurt service

SHANNON Airport has announced that its first ever scheduled Lufthansa service is to have its capacity doubled this year with the announcement of a second weekly service to Frankfurt. The service will now operate to Frankfurt on Thursday’s as well as Saturday’s, with the outbound leg on Thursday’s arriving in Frankfurt in time to meet onward connections at one of Europe’s largest and most important airport hubs. The service will operate weekly using an Embraer190 aircraft on Thursdays and an Airbus A319 on Saturdays and will run from the May 2 to October 12. Welcoming the announcement, Shannon Airport Managing Director Andrew Murphy said:  “This is very positive news for us as it reaffirms the market that there is for Shannon for services into European hub airports.  Lufthansa, which is one of Europe’s biggest airlines, came on board with this service in 2017 and would not be doubling frequency unless the demand was there. Having Lufthansa commit with this second …

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Shannon Frankfurt flights take off

Shannon Airport was in celebratory mode at the weekend as one of the world’s best known airlines, Lufthansa, commenced scheduled flights for the first time from the airport as its new Frankfurt service took off. The service to the financial capital of continental Europe and one of Germany’s most interesting tourism cities took to the skies on Saturday afternoon and will operate weekly until the end of October. The Frankfurt service will be a significant boost for tourism in the Shannon region, outbound business and tourism options, as well as offering one-stop connectivity to around 200 destinations worldwide. Welcoming the start of the service Andreas Köster, Senior Director Sales UK, Ireland and Iceland Lufthansa Group said: “Shannon, as the gateway to the Wild Atlantic Way, is the entry point for one of the most spectacular tourism regions in the world and there’s a strong demand in Germany for what’s on offer here. The service is already proving to be an …

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New Lufthansa Frankfurt-Shannon service

Shannon Airport is set to get its first ever scheduled Lufthansa air service next summer when the airline introduces a new Shannon to Frankfurt route. The service will operate weekly on Saturday’s from April 29 to October 28 using an A319 aircraft. Welcoming the announcement Matthew Thomas, Chief Executive, Shannon Group said, “We are delighted to welcome Lufthansa to Shannon with their first scheduled service. This is a significant milestone for our airport and region by one of the world’s major airlines. “Germany is Ireland’s third-largest source of visitors and the addition of this new Frankfurt Main service is great news for the Irish tourism industry along the west coast and beyond as Shannon Airport will provide German holidaymakers with a gateway to the heart of the Wild Atlantic Way and Irish holidaymakers with an opportunity to explore a wonderful part of Germany. We look forward to working with the team at Lufthansa and our Irish Tourism industry partners to …

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Plane pull at Shannon for charity

ORBIS Ireland will be teaming up with Lufthansa Technik to host the annual Plane Pull For Sight at Shannon Airport on September 10. All funds raised on the day will go directly towards Orbis’ sight-saving work in Southern Ethiopia, where it is working to eliminate preventable blindness and restore sight to rural villagers in the poorest regions of Ethiopia. The plane pull involves competing teams of 25 vying with each other to pull an aircraft 12ft in the shortest possible time. The fundraiser is suitable for corporate groups motivated to try something new while having fun, teams from the general public and families looking for a fun day out. Speaking after a previous event, Ann Marie Browne of AWAS said, “It really was a fantastic day. Everyone really enjoyed it and have been praising it to the rest of our colleagues today.” Orbis is the result of an alliance that has been forged between the medical and aviation industries. Back …

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