Cologne/Berlin, 20.02.2019

• Luftfahrtgesellschaft Walter (LGW) to join the Berlin-based Zeitfracht Group on 1 April
• EW Managing Director Michael Knitter: "The change is an important step towards strengthening LGW's future viability."
• The change also marks the start of a longer-term wet-lease agreement between LGW and Eurowings / LGW's contribution to Eurowings' route network remains unchanged
• Zeitfracht Managing Director Wolfram Simon-Schröter: "We want to strengthen our aviation division and expand the LGW fleet in the medium term."

Luftfahrtgesellschaft Walter (LGW) is moving from Eurowings to the Zeitfracht Group on 1 April. The corresponding contract was signed today in Berlin.

The change also marks the start of a longer-term cooperation between LGW and Eurowings in the form of a wet lease agreement. This means that LGW's contribution to the Eurowings route network will remain unchanged. The change of LGW is also an important step for Eurowings towards a standardised Airbus A320 fleet structure in the short and medium-haul business.

"The move to the Zeitfracht Group strengthens LGW's future viability," says Eurowings Managing Director and Chief Operating Officer Michael Knitter. "We are delighted that the wet lease means that LGW will continue to serve us and our customers with its professionalism, expertise and passion."

Nothing will change for LGW employees as a result of the move to the Zeitfracht Group; their contracts will remain unchanged.

"We look forward to welcoming LGW and its employees on board soon," says Wolfram Simon-Schröter, Managing Director of the Zeitfracht Group. "LGW fits perfectly into our strategy of sustainably strengthening the aviation sector - we want to expand our fleet in the medium term by purchasing additional aircraft."

About Eurowings:
Eurowings is the low-cost airline of the Lufthansa Group and thus part of the world's largest aviation group. With a rapidly growing fleet of currently 185 aircraft, Eurowings specialises in low-cost direct flights within Europe. The German airline currently offers flights to more than 210 destinations in over 50 countries worldwide, making it the third-largest European low-cost airline after Ryanair and Easyjet. Last year, the company flew more than 40 million passengers for the first time and has grown its workforce to around 10,000 employees.

Press contact Eurowings: Tel. +49 2203 2970 7310

About the Zeitfracht Group:
The Zeitfracht Group is an owner-managed family business in its third generation with more than 1,200 employees and headquarters in Berlin. The company is primarily active in the three business segments of logistics, aviation and real estate and generates an annual turnover of more than 350 million euros.

Press contact Zeitfracht: Tel. +49 (30) 206 733-809