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Lufthansa Prepares to Buy Parts of Air Berlin in $1.8 Billion Deal

#te Lufthansa Prepares to Buy Parts of Air Berlin in $1.8 Billion Deal   via @WallStreetWires

  • LONDON — The German flag carrier Lufthansa said it expected to sign an agreement on Thursday to buy parts of Air Berlin, a low-cost carrier that filed for insolvency this summer.
  • Lufthansa, Germany’s largest airline, said it would take over 81 planes and hire 3,000 people from Air Berlin as part of an investment of 1.5 billion euros, or about $1.8 billion, confirming comments made by the chief executive, Carsten Spohr, published in the German newspaper Rheinische Post on Thursday.
  • “We will see a milestone in the history of Lufthansa and Air Berlin today,” Mr. Spohr told Rheinische Post.
  • @WallStreetWires: Lufthansa Prepares to #Buy Parts of Air Berlin in $1.8 Billion #Deal | @nytimes | #MnA – – LONDON — The German flag carrier Lufthansa said it expected to sign an agreement on Thursday to buy parts of Air Berlin, a low-cost carrier that filed for insolvency this summer….
  • Lufthansa, Germany’s largest airline, said it would take over 81 planes and hire 3,000 people from Air Berlin as part of an investment of 1.5 billion euros, or about $1.8 billion, confirming comments made by the chief executive, Carsten Spohr, published in the German newspaper Rheinische Post on Thursday.

The German flag carrier said it expected to take over 81 aircraft and hire 3,000 people from the budget airline, which filed for insolvency in August.

LONDON — The German flag carrier Lufthansa said it expected to sign an agreement on Thursday to buy parts of Air Berlin, a low-cost carrier that filed for insolvency this summer.

Lufthansa, Germany’s largest airline, said it would take over 81 planes and hire 3,000 people from Air Berlin as part of an investment of 1.5 billion euros, or about $1.8 billion, confirming comments made by the chief executive, Carsten Spohr, published in the German newspaper Rheinische Post on Thursday.

“We will see a milestone in the history of Lufthansa and Air Berlin today,” Mr. Spohr told Rheinische Post.

A Lufthansa spokesman declined to provide further details because the agreement had not yet been signed.

The German flag carrier said it expected to take over 81 aircraft and hire 3,000 people from the budget airline, which filed for insolvency in August.

@WallStreetWires: Lufthansa Prepares to #Buy Parts of Air Berlin in $1.8 Billion #Deal | @nytimes | #MnA

LONDON — The German flag carrier Lufthansa said it expected to sign an agreement on Thursday to buy parts of Air Berlin, a low-cost carrier that filed for insolvency this summer.

Lufthansa, Germany’s largest airline, said it would take over 81 planes and hire 3,000 people from Air Berlin as part of an investment of 1.5 billion euros, or about $1.8 billion, confirming comments made by the chief executive, Carsten…

Lufthansa Prepares to Buy Parts of Air Berlin in $1.8 Billion Deal

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