Lufthansa Airlines is Launching a New Leisure Unit under the name ‘Ocean’ – Here’s Everything You Need to Know
The airline industry is facing a major challenge during the past few months owing to the complete paralysis of movement, thanks to Coronavirus. Not only the aviation industry, but all fields dependent on travel have been adversely impacted. In such a scenario, of course, tourism comes at the forefront.
Although people avoid venturing out these days, as more and more time passes and people become used to this new reality of living with the virus, travel restrictions in several countries are being lifted, and people are being allowed to move if they need to. In many countries, the so-called “peak period” has passed, and life is slowly returning to normal, including travel by flights.
Making a big announcement during such changing times, the Lufthansa Company, which is one of Europe’s major airlines, has declared that it is going to launch a completely new entity under the name ‘Ocean’ and it will be dedicated mostly to long-distance tourism trips. The move aims to reduce some of the load and complications related to tourism during the Corona period. The German airline company has indicated that this new unit will not operate under Lufthansa’s name, but will be independent.
Answering questions about the move, the company issued a statement saying that it is seeking a new and independent air leisure line based on the Edelweiss business model, which organizes tourism and long-distance trips from Zurich with several models of Airbus planes. Lufthansa is not satisfied with its remote tourist flights that depart from Munich, Frankfurt, and especially Dusseldorf, and describes them as “fragmented.”
The step comes at a time when Lufthansa has suffered from this global hibernation as well. The company canceled 22,000 jobs earlier this year to reduce the wages of its employees. Not only that, but the turmoil caused the company to get rid of three planes of the A340-300 type within its giant fleet last April, as part of an expanded plan to reduce the affected budget.
Earlier, Lufthansa used to provide long-distance trips through a subsidiary company called Eurowings (under its mainline name). Eurowings was established through a Turkish German leisure joint venture called SunExpress, which canceled its operations in Germany last June.
Lufthansa did not announce a specific date for the launch of ‘Ocean,’ but it somehow gave a hint of that at a conference held last year when the company said it intends to “merge” the segmented operating units into one AOC, and that it is decided to implement the plan in the year 2022. It is worth mentioning that ‘Ocean’ flights are supposed to operate from the Frankfurt and Munich hubs.
More in Business
Thinking of Investing in Stocks? Keep These Tips in Mind for Sure-shot Success
The world is battling a pandemic, and nobody knows when it will end. But one thing is for sure; it has...August 7, 2020
As a Millennial, Stay away from these Investing Mistakes or You Might Feel Sorry When You Retire
COVID-19 has created a lot of damages and brought many changes, and these changes have affected almost all sectors, including retirement...July 30, 2020
Getting Ready to Plunge into Investments? Have a look at These Tips for some Cool Ideas
Investing in stocks isn’t easy; one needs to develop their knowledge and convert it into a realistic plan. It’s not about...July 29, 2020
Learn How to Secure Your Child’s Future With These Invaluable Insights
Becoming a parent is the most joyous experience of one’s life; however, with the arrival of a new family member, expenses...July 26, 2020
Are you familiar with these Loan Forgiveness Programs for Students?
Student loans make for a viable option to pay for your education, but often, repaying them can be a bit of...July 25, 2020
Cool Tips to avoid Letting your Income Subside During Coronavirus
There’s an astonishing number of people adversely impacted by Coronavirus all around the world. This stark reality is evident from the...July 22, 2020
The Most Favorable Things in Which You Can Invest In 2020
While the world was anticipating a financial and economic crisis similar to the one in 2008, it instead found itself facing...July 21, 2020
Looking to Secure Your Wealth During These Uncertain Times? These Low-Risk Investment Ideas Might Be Just What You Need
The year 2020 has presented the world economy with unprecedented challenges. Due to the coronavirus emergency and the worldwide reactions to...July 15, 2020
Learn How to Ace Your Next Video Interview With These Expert Tips
Due to the limitations of the Covid-19 pandemic, many people have been met with new issues that need immediate resolution. One of...July 14, 2020