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10.10.2017 · Through drones, electric airplanes and better jet engines, UK budget airline EasyJet demonstrated how it plans to change air travel.
EasyJet (styled as easyJet; LSE: EZJ) is a British airline, operating under the low-cost carrier model, based at London Luton Airport . It operates domestic and ...
Air Berlin’s creditors have selected Lufthansa and easyJet to negotiate with on the possible sale of all or parts of the insolvent airline.
In a statement, Air Berlin said negotiations with the two airlines will continue until October 12th, with a view to “the disposal of the air transport activities” of the airline. It said partial disposals will also be considered.
Air Berlin applied last month to the local District Court in Berlin-Charlottenburg for provisional insolvency proceedings after major shareholder Etihad declined to continue financial support. The airline has made annual losses in all but one year since 2008, with financial year 2016’s loss hitting €781.9 million (USD$933.8 million).
The acquisition of the German carrier excludes potential start-up and transitional operating costs. However, easyJet is buying landing slots as well as leases for AirBerlin’s 25 Airbus A320 aircraft.
The share price of easyJet’s rose by 1.32% to £12.89 after the deal made. The UK carrier will secure 1,000 Air Berlin jobs through a recruitment campaign.
According to easyJet, this will enable the airline to operate the short-haul network at Tegel connecting passengers to and from destinations across Germany and the rest of Europe, in addition to their base at Berlin Schönefeld.
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