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Stock impact report

Germany-Russia airline service briefly suspended in tit-for-tat moves [Reuters]

DEUTSCHE LUFTHANSA S/ADR (DLAKY) 
NASDAQ:AMEX Investor Relations: investor-relations.lufthansagroup.com/en.html
Company Research Source: Reuters
Germany bans Russian flights in tit-for-tat move By Reuters Staff 2 Min Read BERLIN (Reuters) - Germany has refused to issue any further permits for flights arriving from Russia in a tit-for-tat move after Moscow failed to extend German airline Lufthansa’s flight permissions, the German transport ministry said on Wednesday. The dispute follows European Union moves to stop Russia-bound flights from crossing Belarusian air space after Minsk used an apparent fake bomb threat to force an intra-EU flight to land and then arrested a dissident journalist on board. Subsequently, Moscow refused to approve update flight plans from several European airlines that were designed to let their aircraft reach Russia without crossing its close ally Belarus. The German transport ministry said Russia’s aviation authority FATA had not renewed Lufthansa’s flying rights for June on time, meaning a flight that had been due to depart early on June 2 had to be cancelled. “On the basis of standard reciprocal p Show less Read more
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