Home/ Companies / News/  Lufthansa poised to buy assets of Air Berlin: official

Frankfurt: Lufthansa AG is poised to agree a deal to buy assets of Air Berlin Plc, a person familiar with the matter told Reuters ahead of a Thursday deadline for talks to carve up the insolvent German airline.

“The deal with Lufthansa is done, there is agreement," the person said on Wednesday, adding that talks with easyJet Plc were not yet completed.

Air Berlin, which has struggled to turn a profit over the last decade, filed for insolvency on 15 August and a government loan has kept its planes in the air while it negotiates with potential buyers over parts of its business.

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

The person familiar with the matter said Lufthansa was set to buy Air Berlin’s Niki leisure unit, its LG Walter regional airline and some additional aircraft.

Lufthansa declined to comment on the matter but said it was confident it would meet the deadline for negotiations. EasyJet had no immediate comment.

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Updated: 11 Oct 2017, 08:54 PM IST
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