|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||20.505 - 20.585|
|52 Week Range||14.130 - 20.585|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Lufthansa's maintenance arm and aircraft engine maker MTU Aero Engines have agreed on a new joint venture to serve growing demand for maintenance and repair of geared-turbofan engines that are used in planes such as the Airbus A320neo. The two companies will each own a 50 percent stake in the new company and total investment is expected to be around 150 million euros ($158 million), Lufthansa Technik said in a statement on Tuesday. The two hope the joint venture will allow them to increase efficiency and keep costs down as they cater to growing fleets of narrow body jets using the PW1000G Pratt & Whitney engines.
BERLIN (AP) — German airline Lufthansa has struck a deal to solve a bitter labor dispute with pilots that over five years has cost it an estimated half a billion dollars and more than a dozen strikes.
Pay talks between Lufthansa (LHAG.DE) management and its pilots' union have ended without the two sides reaching a deal, and the next step is for the mediator to propose a solution to the long-running row, the Vereinigung Cockpit union said on Tuesday. The two sides held two weeks of talks, led by mediator Gunter Pleuger, in a bid to resolve a long-running row over pay contracts dating back to 2012 for around 5,400 Lufthansa pilots. Lufthansa's pilots have walked out 15 times since early 2014 over dispute with management on topics including pay and early retirement, costing the carrier hundreds of millions of euros in lost profits.