Air Berlin writes for years in the red. Now Lufthansa comes into play. If there is a partial sale? According to information of the “Handelsblatt” negotiated Lufthansa Air Berlin’s largest shareholder Etihad on a purchase of business sections of the German competitors.
The talks with Etihad turned around the takeover of decentralized traffic from Air Berlin – those lines that did not lead through the turnstiles Dusseldorf and Berlin, writes the newspaper “Handelsblatt” (Wednesday), citing familiar with the negotiations circles. Lufthansa and Air Berlin wanted the report to request not comment.
At the start and landing slots according to the report consists of about 40 aircraft along with crew. All this – the thinking goes – could be taken over by the new Lufthansa subsidiary Euro Wings. At the stock market provided the information for some movement: For the shares of Air Berlin it went until Wednesday afternoon at 26.17 per cent to almost 73 cents upwards. The Lufthansa shares lost 0.90 percent to just over 11 euros.
At Etihad we consider an agreement with Lufthansa for very likely learned the news agency AFX from the environment of the company from the Emirate of Abu Dhabi. According to information provided by AFX sitting Air Berlin and her boss Stefan Pichler talks between Etihad and Lufthansa previously not at the table.
Deep in the red
Air Berlin writes for years in the red. 2015 was the bottom line, a record loss of nearly 450 million euros. The Arab airline Etihad, which owns over 29 percent of the shares, an effort always money.
Air Berlin had brewed about by the adoption of the holiday airline LTU high personnel costs. Several restructuring rounds have failed to control the losses. The fleet of around 140 aircraft is leased, its own machines has not Air Berlin
decision scheduled to October
For Etihad the German branch is still important -. As a supplier for its hub Abu Dhabi. Even the Arabs may drive only a few German airports. The distances to the beach destinations in the Mediterranean, in which Air Berlin transported about customers of tour operators, are for Etihad less important. Nevertheless, Air Berlin had been retained on the business.
Part of sale could give Air Berlin financial air for a realignment. The “Handelsblatt” wrote of a planned decision until October. With only about 100 aircraft, the company could, according to the newspaper focused on their hubs and fit better than classic airline for premium claim of Etihad
Expert:. “Win-win”
“of all conceivable possibilities for air Berlin is this the better,” aviation expert Karl Born told Deutsche Presse-Agentur dpa and spoke of a “win-win situation”. Air Berlin can not continue as before. Lufthansa CEO Carsten Spohr is need to move in far approximately 90 aircraft strong Euro Wings, to compete with Ryanair.
Spohr Euro Wings created as a platform to dock at the other airlines in different ways. The purchase of other airlines is possible as well as a cooperation or a so-called wet lease, when Euro Wings machinery with crew from other carriers rents.
Possible competition concerns sees aviation expert Born not as an obstacle to a takeover. According to “Handelsblatt” Lufthansa and Air Berlin come at individual airports such as Hamburg together while on a market share of nearly 70 percent. According to Born, passengers are usually not set to an airport. “They move at the departure airport already for a few euros.”
In Video: Not enough legroom? Passengers can spontaneously on the plane, Upgrade Now
No comments:
Post a Comment