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Cancelled flight - November

Hi

I have been advised by Lufthansa that I can no longer fly from Manchester to Cape Town at 18:00 via Frankfurt in November 2024.  Instead they have offered me to go at 11:05 via Munich with a 5:25 hour lay over in Munich airport, which isn't acceptable because of the length of time and that we would have to lose half a days holiday.  Alternatively I can receive a refund and re-book with an alternative carrier.

Having researched alternative flights these are now at least 50% higher than what I have paid.  There are however plenty of alternative flights.

I have tried to see what the rules are regarding this situation.  Obviously the cancellation is several months in advance of the flight, so its not like there has been a last minute cancellation.  Are Lufthansa within their rights to offer me a re-route or my money back, or is there an obligation on them to offer me, at no extra cost, a flight via an alternative carrier?

Any help would be greatly appreciated

Thank you

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