Luftfahrtgesellschaft Walter (LGW) was founded in 1980 by the flight instructor Bernd Walter in Dortmund. Initially, smaller propeller aircraft were used for banner towing, seaside resort services and executive flights. After reunification, destinations in the the newly-formed German states were included in the flight schedule. The Do 228 was used for this purpose.
In November 2007, LGW started a cooperation with Air Berlin. Air Berlin took over ticket sales while the LGW flew. In November 2008, the first Bombardier DHC-8-400 jets arrived, of which LGW was to operate up to 20 aircraft.
In May 2017, the former founder and owner sold LGW to Air Berlin for a symbolic purchase price. On 12 October 2017, following the insolvency of Air Berlin, Lufthansa reached an agreement with the insolvency administrator to acquire the Air Berlin subsidiaries Niki and LGW and to operate 20 aircraft for an estimated amount of 210 million euros, subject to the approval of creditors and the European competition authority. On 21 December 2017, after Lufthansa withdrew its offer for Niki due to negative signals from Brussels, the takeover of LGW by the EU Commission was approved subject to conditions.
Since April 2019, LGW has been a Zeitfracht company, where it continues to fly exclusively for Eurowings with its 17 Bombardier Q400 aircraft.
The ZEITFRACHT Group is an owner-managed family business in its third generation with more than 1,200 employees and headquarters in Berlin. ZEITFRACHT has invented the "Just in Time" delivery system and coordinates the round trips of general cargo transports, refrigerated transports and special transports in local and long-distance transport more efficiently than almost any other company. ZEITFRACHT is "always on the move" - a precise, effective and innovative "first mover" that combines tradition and modernity. The company is primarily active in the three business segments of logistics, aviation and real estate and generates annual sales of more than 350 million euros.