De­lay on de­ci­sion for Air Ber­lin buy­ers

Irish Examiner - - Business -

A fi­nal de­ci­sion on buy­ers for the as­sets of Air Ber­lin has been pushed back to Septem­ber 25, the day af­ter Ger­many’s fed­eral elec­tion and four days later than pre­vi­ously planned.

Ger­man union Verdi, which among other rep­re­sents cabin crew, crit­i­cised the de­ci­sion by ad­min­is­tra­tors to de­lay the an­nounce­ment.

“This post­pone­ment is at the ex­penses of the work­ers, who want a de­ci­sion on their jobs and their fu­ture,” Verdi union board mem­ber Chris­tine Behle said.

Lufthansa and sev­eral other par­ties have bid for parts of in­sol­vent Air Ber­lin by yes­ter­day’s dead­line as ad­min­is­tra­tors look for in­vestors for Ger­many’s sec­ond largest air­line.

Air Ber­lin, which em­ploys more than 8,000 peo­ple, filed for bankruptcy last month af­ter ma­jor share­holder Eti­had Air­ways with­drew fund­ing fol­low­ing years of losses.

Ger­many’s coali­tion gov­ern­ment led by Chan­cel­lor An­gela Merkel, who is seek­ing a fourth term in a fed­eral elec­tion on Septem­ber 24, last month loaned Air Ber­lin €150m to pre­vent its planes from be­ing grounded.

Most po­ten­tial in­vestors ap­pear in­ter­ested pri­mar­ily in the air­line’s roughly 140 air­craft and its air­port land­ing and take-off slots rather than in tak­ing over the busi­ness.

Lufthansa plans to of­fer a three-digit mil­lion euro sum for up to 90 planes, in­clud­ing Aus­trian unit Niki’s fleet and 38 crewed planes it al­ready leases from Air Ber­lin.

Bri­tain’s EasyJet is in­ter­ested in up to 40 planes.

For­mer Formula One world cham­pion Niki Lauda said he would put in a joint bid with Ger­man air­line Con­dor, part of hol­i­day firm Thomas Cook.

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.