Lufthansa Is Reportedly Set to Buy Parts of Air Berlin
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.