The biggest German airline, Lufthansa, said Wednesday it had named Christoph Franz as its new chairman and chief executive officer, a post that will mean devising a strategy to fight off low-cost carriers. Franz, who heads the airline's passenger division, will succeed Wolfgang Mayrhuber , Lufthansa's current chairman of the executive board and CEO, a statement said. "The appointment will be effective from 1 January 2011, for a term until 31 May 2014 in accordance with German stock...
Read Full Story