Lufthansa bets on leisure travel; hits out at EU Commission

Lufthansa CEO Carsten Spohr is betting on the return of holiday travel rather than business travel in the post-crisis period by the creation of Ocean, which will offer flights to tourist destinations in Europe and overseas from the major Lufthansa hubs, mainly Frankfurt and Munich. The move has prompted speculation that the airline is seeking to create a holiday company to compete with TUI Group and Condor. Meanwhile, the German airline has been back in the headlines again regarding its €9bn government bail-out that came with a requirement to relinquish 24 slots at its main hubs in Frankfurt and Munich