Saturday, 21 April, 2018

Lufthansa to swallow lion's share of Air Berlin

Sean Gallup Getty Images Sean Gallup Getty Images
Sammy Stanley | 13 October, 2017, 00:22

Insolvent German airline Air Berlin AB1.DE is continuing talks with easyJet EZJ.L on Thursday, a spokesman for Air Berlin said, without saying whether a contract was expected to be signed with the British airline.

While Air Berlin officials have been in negotiations for weeks with Lufthansa and easyJet about selling parts of the business, the airline dealt with years of financial losses before its biggest shareholder, Gulf carrier Etihad, stopped financing the company.

Part of Air Berlin to be sold to Lufthansa AA Economy News Entry Date: 12.10.2017 20:14 Date of renovation: 12.10.2017 20:16 in August of this year, a section of German airline, which is filed for bankruptcy, understands sale of Air Berlin to Lufthansa.

Lufthansa CEO Spohr said that he expected the imminent deal for Lufthansa with Air Berlin would receive necessary approval from the European Union before the end of 2017.

Lufthansa CEO Spohr told a German paper earlier that his airline would be investing around 1.5 billion euros in total as a result of the Air Berlin deal. Spohr said that adding 81 planes to the Lufthansa fleet was the maximum that competition watchdogs would accept.

Razer set to reveal gaming smartphone on November 1
The company had previously purchased Nextbit , a smartphone maker known for its Robin phone - a phone optimised for cloud storage. It's always felt probable that the company was preparing to launch a smartphone, presumably with Android.

"We will support them", Andreas Mundt, head of Germany's federal competition authority, posted on Twitter.

Many internal German routes will in future only offer a choice between Lufthansa and Eurowings.

The operations available also include access to slots for taking off and landing at hubs for Air Berlin in Tegel in the capital of Germany as well as Dusseldorf.

Germany's second-largest carrier has since been negotiating with potential buyers for parts of its business.

In the race for exclusive talks, Lufthansa and Easyjet reportedly beat out IAG - owner of Iberia and British Airways - and three bids of between 500 million and 600 million euros apiece from private investors.

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