Lufthansa to sign deal with bankrupt Air Berlin

Lufthansa to sign deal with bankrupt Air Berlin

The agreement will need a green light from European authorities in a process that could take "several weeks or months", Air Berlin chief executive Thomas Winkelmann said last week.

While Air Berlin and Lufthansa's low-priced branch Eurowings are the only carriers serving routes such as between Munich and Cologne, Spohr said the deal won't mean rising prices as competition "will intensify in Europe and worldwide".

Air Berlin has since late September been negotiating exclusively with Lufthansa and United Kingdom -based low-priced rival EasyJet. The German government provided a bridging loan to allow all flights to operate, with all Air Berlin flights winding up by 28 October, as talks over its asset sales are set to wrap up today. He said he was "stunned" by suggestions the co-pilot deliberately crashed the plane.

EasyJet reportedly has been discussing acquiring 27 to 30 planes.

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Meanwhile German family-owned logistics firm Zeitfracht said it had made a new offer for Air Berlin's cargo marketing platform and its maintenance business with a partner.

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

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.

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