The creditors of Air Berlin decided to go ahead with a lawsuit against Etihad Airways, which used to be the biggest shareholder of the now insolvent airline, insider source told Reuters. Air Berlin’s administrator Lucas Flöther said he is engaged in assessing the claims that could potentially excess €1 billion in damages. According to Flöther, the […]
easyJet today signed an agreement with Air Berlin to acquire part of its operations at Berlin Tegel Airport for a purchase consideration of €40 million. This excludes potential start-up and transitional operating costs. The acquisition is subject to regulatory approvals and is expected to close in December 2017. The acquisition will result in easyJet entering […]
Lufthansa hopes to add a substantial number aircraft after the restructuring of Air Berlin, regardless of what happens to the rest of the troubled carrier’s assets. This was announced to journalists by Lufthansa CEO Karsten Spohr in Frankfurt, on September 20. The German giant‘s priority are the 38 aircraft for medium-haul flights, which it now […]
Air Berlin applied for insolvency on August 15, and sales negotiations for the second-largest German airline are scheduled for August 18. The German market leader Lufthansa wants to secure a large part of the aircraft: up to 90 of the 144 airplanes operated by Air Berlin. The German flag carrier would then fly them under […]
Despite all the financial problems, which the second largest Germany’s airline has faced in the previous years, as well as consideration to apply for a government guarantee, Air Berlin decided that such measure is not needed. ‘We had made a preliminary application for a surety as part of management’s pre-emptive strategy of investigating all restructuring […]
Lufthansa CEO Carsten Spohr envisions his group fully taking over the problem-afflicted Air Berlin. The antitrust problems are also seen as “solvable”, but the major shareholder of the conflicted airline Etihad Airways would have to solve the debt problem. Lufthansa has always demonstrated a strong interest in taking over its national rival Air Berlin. However, […]
