LTU German Airlines majority owner Hans Rudolf Woehrl said he wants to use the proceeds of the sale of dba to Air Berlin (ATWOnline, Aug. 18) to strengthen the financial situation of the Dusseldorf-based leisure carrier. He told Die Welt that he wants to improve the product, especially in business class. Woehrl is expecting LTU to lose €10-€15 million ($12.9-$19.3 million) this year. No financial details have been released about the sale of dba.

Subscribe to Access this Entire Article

"Struggling LTU to benefit from dba sale" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.