Published: Thu, October 12, 2017
Finance | By Loren Pratt

Lufthansa to announce Air Berlin deal

Lufthansa to announce Air Berlin deal

Meanwhile, unions have complained that many of Air Berlin's staff face an uncertain future, with no guarantee they will find work with the buyer firms once the company is wound up - despite promises when talks with Lufthansa and Easyjet began that most would find jobs with the bidders.

After Air Berlin filed for bankruptcy, the German government gave the airline a 150 million euro government loan to stay afloat while it was negotiating possible deals with Lufthansa and others.

"Although we are one of the largest aviation companies in the world, our market share is only around three per cent worldwide, and in Europe it is 14 per cent", he told the paper.

Photo Lufthansa, Germany's largest airline, said it expected to take over 81 planes from Air Berlin, a low-priced carrier that filed for insolvency this summer.

Questioned over how Air Berlin ended up where it did, Spohr said the airline had "too high costs and too much debt".

It said late last month that negotiations with Lufthansa and Britain's easyJet would continue until October 12.

Media reported, citing a person familiar with the matter, that Lufthansa, Germany's largest airline, was set to buy Air Berlin's Austrian leisure travel airline Niki, its LG Walter regional airline, as well as some additional short-haul aircraft.

EasyJet said it would not comment on ongoing discussions and would provide a further update in due course if necessary.

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