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The East German national airline, Interflug, undercut the West-German airline market for quite some time in the 1980s in an effort to acquire foreign currency (from ticket sales). They were willing to run large losses as all their costs were in local (or Soviet) currency which, of course, was not scarce. Linked below is an article from Der Spiegel in 1981 detailing the whole operation.
Link to content | Posted: 2019-03-26 | Category: Text