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DEVELOPING Lufthansa in talks to purchase large chunk of Air Berlin

Europe
21.09.2017
By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
Berlin (dpa) - Germany‘s flagship carrier Lufthansa is negotiating with Air Berlin creditors, with a view to buying a large part of the insolvent airline, sources tell dpa.

Lufthansa is considering a takeover of Air Berlin‘s subsidiary airline Niki as part of bids to carve up the bankrupt company, according to people involved in the negotiating process.

Air Berlin is also in talks with Easyjet and probably Condor over the sale of the remaining assets, the sources said.

Germany‘s second-biggest airline filed for insolvency last month after its main shareholder, Abu Dhabi-based Etihad Airways, withdrew financial aid for the loss-making carrier.

The German government was forced to provide the airline with a bridging loan of 150 million euros (179 million dollars), which runs out on Friday.

Air Berlin has operated at a loss every year since 2008, except for 2012, when it sold off its frequent flyer programme.

 

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