Lufthansa's (LHAG.DE) pilots' union rejected the German airline's latest pay offer on Friday, but lifted the immediate threat of extending their strike beyond Saturday. But the Vereinigung Cockpit pilots' union said late on Friday it now had no plans for further strikes beyond Saturday. The union dismissed the airline's latest offer as a "public relations move" and said it was not new. Lufthansa pilots are well paid by industry standards. "The name Lufthansa stands for safety, punctuality, reliability," said Michael Gierse, a fund manager at Lufthansa shareholder Union Investment.

Source: Egypt Independent November 25, 2016 22:01 UTC