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EU: EasyJet finalizes US$46m deal for a piece of bankrupt Air Berlin

By  |  October 30, 2017

Budget airline easyJet says it has reached an agreement with Air Berlin to buy parts of the bankrupt German airline as part of a €40 million (US$46 million) deal.

TThe British airline said Saturday, October 28, in a statement it will acquire “certain assets of the air transport business operated from the Berlin-Tegel airport, including the related slots and bookings.”

The German news agency Deutsche Presse-Agentur GmbH reported that easyJet would take over 25 Airbus A320 planes.

Air Berlin, which was Germany’s second-biggest airline, ended operations after 38 years with a Friday evening Munich-to-Berlin flight.

Germany’s No. 1 airline, Lufthansa, plans to take over more than half its fleet, but that deal has yet to win antitrust clearance.

Full Content: Telegraph

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