The second largest German airline, Air Berlin, which is facing financial difficulties, continues talks with EasyJet and Lufthansa regarding a possible sale.
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From Air Berlin, which continues to operate after a rescue loan of 150 million euros from the German government, it was stated that a potential agreement would save 80 percent of their employees’ jobs.
Discussions with the two airlines aimed at selling parts of the business will continue until October 12, Air Berlin officials said. The final agreement will need to be approved by European Union regulators.
Earlier, British Airways owner IAG confirmed the expiration of an offer for part of Air Berlin, but stated that it expects the struggling carrier to largely fall into the hands of Lufthansa.
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Air Berlin, which has about 140 aircraft, filed for bankruptcy in August after its shareholder Etihad Airways withdrew financial support in June due to years of losses.
The CEO of the Berlin company, Thomas Winklemann, stated that they are on track to reach an agreement with bidders that would bring good business prospects for about 80 percent of employees. “However, relief will not come until the European Commission finally approves the transaction,” Winklemann emphasizes.
Earlier this month, the EC approved a 150 million euro loan from the German government, stating that it would help protect the interests of airline passengers.
Air Berlin was recently forced to cancel about 100 flights after a large number of around 200 pilots suddenly went on sick leave. The company soon accused them of sabotaging the rescue negotiations with potential investors.
