Air Berlin says talks with easyJet continue

Ivan Schwartz
October 13, 2017

As part of the deal Lufthansa will take over Air Berlin's low-priced leisure airline Niki, its LG Walter regional airline as well as 20 additional aircraft - bringing the total to around 80 planes.

"The negotiations are still underway with easyjet", Air Berlin said in a special sales meeting with Lufthansa and British airline EasyJet since 25 September 2017.

A Lufthansa spokesman declined to provide further details because the agreement had not yet been signed.

Air Berlin declared bankruptcy in August following years of losses and the decision of its biggest shareholder, Gulf airline Etihad, to cease financing.

Air Berlin had been Germany's second-biggest carrier after Lufthansa.

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The statement, sales process, Committee on creditors, institutions responsible for bankruptcy process in Germany and approval of European competition institutions were transferred.

Lufthansa has agreed to purchase portions of insolvent German airline group Air Berlin for $249 million.

Earlier this week, dpa reported that the airline said in a letter to employees that flights under the airline code AB "according to the current state of things, will no longer be possible after October 28 at the latest".

Spohr rebuffed the accusation that Lufthansa was becoming a "threatening monopoly", pointing out that the airlines global market share was just 3% globally, and 14% in Europe.

Air Berlin carried an average of 80,000 people a day, but endured losses of an estimated 782 million Euros previous year.

Other reports by GizPress

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