Airlines Cut Flights Over Fuel Costs
Rising fuel costs linked to the ongoing conflict in the Middle East have forced several airlines to scale back their operations
HOT: » Which party would you vote for (if you could) in the upcoming snap vote in Bulgaria on April 19?
German carrier Lufthansa's fully-owned subsidiary LHT, world leader in airplane maintenance and conversions, opened its complex in Bulgaria in October 2008. Photo by EPA/BGNES
Lufthansa Technik Sofia, a joint venture between Germany's Lufthansa Technik and the Bulgarian Aviation Group, announced it will invest another BGN 20 M in the construction of new facilities for aircraft overhaul and maintenance near Sofia Airport.
The contracts for expanding the company's facilities in Sofia will be signed on Tuesday at a ceremony, to be attended by Prime Minister Boyko Borisov and Germany's Ambassador here Matthias Hoepfner.
The company, which has served so far 50 planes of more than 20 airlines in Europe, the Middle East and Northern Africa, said it has been flooded by orders and will accept no more by the end of 2011.
The maintenance, repair, and overhaul complex located at the airport of the Bulgarian capital Sofia was opened in October 2008.
Together with the Bulgarian Aviation Group, which owns 20% stake in the enterprise, Lufthansa Technik has invested more than BGN 50 M in the modernization of the maintenance facility and the training of the workers.
All types of planes of the series Airbus A320 and Boeing 737 are serviced in the repair complex, which has a total area of 6 000 square meters and allows the simultaneous servicing of two planes.
Lufthansa Technik has four other similar facilities - Schoenefeld Maintenance Centre in Berlin, Lufthansa Technik Malta, Shannon Airspace in Ireland, and Lufthansa Technik Budapest.
Dr. Boyko Takov: Analytical and empirical results from ongoing projects constitute a solid information base
Up to 90 percent of construction and renovation workers in Bulgaria are operating outside the legal framework, according to entrepreneur Lozan Lozanov, who raised concerns about the lack of regulation in construction and installation services
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
Mobile slot gaming has exploded in popularity, and it’s easy to see why.
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Boris Azarenko is an entrepreneur whose professional background lies in banking and finance and who later founded major property development businesses.
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began