Lufthansa to buy large parts of bankrupt Air Berlin
BERLIN — Lufthansa CEO Carsten Spohr said Thursday that the airline will sign an agreement to buy large parts of the bankrupt carrier Air Berlin, the German news agency dpa reported.
Spohr said that both airlines will sign the agreement later in the day in Berlin.
“Today is a big day, which we will seal in a few hours with a signature,” he said.
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.