Lufthansa to acquire majority of insolvent Air Berlin

According to The Telegraph bankrupt airline carrier Air Berlin will end service on all its routes no later than October 28

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.

The sale still needs approval from creditors and European Union anti-trust authorities to take effect.

Air Berlin filed for bankruptcy in August after its main investor Etihad Airways pulled out.

Lufthansa plans to use Air Berlin planes to expand its Eurowings budget airline business. He said he decided not to submit a bid as it was a "conspiracy" between the German government, Lufthansa, and Air Berlin that would drive up prices for customers.

Lufthansa would be interested if there was an opportunity to create a new Alitalia, the German flagship carrier's Chief Executive Carsten Spohr said on Thursday.

Читайте также: County issues air quality health advisory

Further negotiations to pick up the leftovers of Air Berlin are ongoing with easyJet.

Lufthansa has agreed to buy Air Berlin's Austrian leisure travel airline Niki, its LG Walter regional airline and 20 additional aircraft.

Shares in Lufthansa rose 2.8% in Frankfurt.

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".

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

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