Lufthansa, close to signing agreement with Air Berlin

Negotiations will continue until Friday.

As we posted days ago, the airline, Air Berlin went into bankruptcy in August and will cease operating on 28 October.

At the moment it is negotiating with the German airline Lufthansa and the British EasyJet for the purchase. Carsten Spohr, executive director of Lufthansa, said the Rheinische Post: “We will see a milestone in the history of Lufthansa and Air Berlin today”.

Lufthansa will acquire Air Berlin’s leisure unit Niki, its regional airline LG Walter and some additional short-range aircraft, according to Reuters.

It is expected that before the end of the year, the agreement will receive the approval of the European Union, which will allow it to stabilize operations within the next 7 or 9 months.

Lufthansa shares rose more than 3%, marking significant optimism after the news was known.

The negotiations will be extended until Friday.

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