ALERT: Air Berlin to Cease Operations (October 12, 2017)
October 12, 2017
Air Berlin, the 10th largest European airline, is closing operations at the end of this month, meaning there will be no more flights. However, Lufthansa has agreed to buy large parts of Air Berlin’s business.
According to The Telegraph on October 10:
After months of uncertainty Air Berlin has announced it will be ending all flights in a matter of the weeks. The bankrupt airline – Germany’s second largest and Europe’s 10th biggest overall – says it’s preparing to stop all services by October 28 “at the latest”.
In a letter to its employees on Monday, the airline said that flights under the airline code AB “according to the current state of things, will no longer be possible.”
ABC News now reports:
Lufthansa would reportedly take over 81 planes from Air Berlin for its main brand and lower-cost Eurowings operation. Air Berlin said that Lufthansa would pay 210 million euros for Air Berlin assets, enabling it to repay a 150 million credit from the German federal government that had allowed it to keep flying.
The sale still needs approval from creditors and European Union anti-trust authorities to take effect.
Air Berlin has provided a list of frequently asked questions for customers and travel professionals regarding this change.
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