Lufthansa Group announced Wednesday that, as expected, Christoph Franz will succeed Wolfgang Mayrhuber as chairman and CEO of the Lufthansa Group. Carsten Spohr will succeed Franz as CEO of Lufthansa German Airlines and has been appointed to the group’s Executive Board and Karl Ulrich Garnadt was named chairman and CEO of Lufthansa Cargo AG. Separately, the LH board approved an order of 40 Airbus aircraft worth approximately $4.3 billion for the carrier and two subsidiaries, Swiss ...

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