This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
Air Berlin will cease to exist on October 28. Germany’s second-largest airline filed for insolvency in August, and since then, no single party has come forward to take over all of the carrier. Now, Lufthansa is reportedly going to buy part of it.
According to Reuters, Lufthansa is set to buy Air Berlin’s Niki leisure unit as well as its LG Walter regional airline. In addition, Lufthansa is set to buy some of Air Berlin’s short-haul aircraft. While no contract has been signed yet, a source familiar with the matter said that the two have come to an agreement, however Lufthansa declined to comment on whether it’s come to an agreement with Air Berlin.
Air Berlin’s operations at its hubs in Berlin (TXL) and Dusseldorf (DUS) will also be up for other carriers to take over.
At the same time, there have been other reports that EasyJet will buy between 27 and 30 of Air Berlin’s former aircraft. However, this week word spread that those plans could fall through.
Air Berlin isn’t the only carrier having financial issues. This summer, Alitalia entered administration and Monarch Airlines collapsed without much warning, leaving more than 100,000 passengers stranded.
With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards