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Lufthansa's Cold Feet

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Mavi Boncuk | 

Germany's largest airline, Lufthansa, is likely to reconsider the scope of its cooperation with the Turkish national carrier, Turkish Airlines (THY), after seeing disadvantages following a deal regulating code share flights to a number of destinations, Der Spiegel has reported in its latest German edition.After months of bargaining and diplomatic wrangling, the two parties struck a deal earlier this year, deepening their strategic cooperation in the international aviation market as the continuing fallout of the recent global financial crisis has prompted many airlines to launch new strategic plans to meet formidable challenges. Lufthansa and THY have launched code share flights to a number of destinations along with the establishment of joint management of company operations in some fields.The German magazine reported that Lufthansa has begun to lose some of its customers to its Turkish partner, leading to questions over the profitability of the deal.Lufthansa may reconsider the terms of the cooperation, the magazine stated. - See more

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