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Lufthansa’s DAX spot shaky as unions, Brexit weigh on shares

  Bloomberg Deutsche Lufthansa AG shares, which have been trading near their lowest level in four years, are at risk of dropping out of Germany’s benchmark DAX Index as the airline battles low-cost competitors, labor unions and a shaky credit rating. Lufthansa’s market value now ranks 40th among DAX members, down from 35th place in April, according to data published ...

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Turkish Air postpones jet deliveries

  Bloomberg Turkish Airlines said it plans to postpone dozens of Airbus Group SE and Boeing Co. narrow-body jets as it contends with a turbulent travel market following terror attacks in Istanbul and Europe. The carrier is delaying deliveries of 39 of the upgraded single-aisle planes originally scheduled for 2018 to 2020, the company said in a filing Friday to ...

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Chinese group buys Albanian airport

AFP Chinese financial giant Everbright has bought the Albanian capital’s main air hub, Tirana International Airport, its management said. The airport had since 2005 been run by TIA, whose shareholders include German airport manager AviAlliance, German investment and development firm DEG and the Albanian-American Enterprise Fund. “We are thrilled to announce an era of transformation with China Everbright Limited,” TIA ...

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