Air Berlin receives several bids for its most desirable assets
Air Berlin said it had received several bids from interested parties yesterday, as the race to acquire the most desirable assets of the insolvent German carrier entered the final phase.
Rival airlines and other bidders were asked to table their offers by yesterday afternoon, with a final decision on the sale expected on September 25th, a day after the German elections.
The bidders include Lufthansa, Condor and EasyJet, who have made offers for parts of the stricken airline, but declined to provide details. According to people familiar with the process, the interests of Lufthansa and Condor overlap at least in part, with both tabling bids for Air Berlin’s low-cost airline Niki.
In the case of Condor, a subsidiary of travel company Thomas Cook, the bid appears to have been made jointly with Niki’s founder – the Austrian former Formula One racing driver Niki Lauda. Mr Lauda told Austrian media this week that he and Condor were seeking to take over 38 of Air Berlin’s planes and routes for about ¤100 million. Condor itself declined to comment on the bid or its partnership with Mr Lauda.
Lufthansa said: “Lufthansa Group has made an offer to buy parts of Air Berlin Group.” –Copyright The Financial Times Limited 2017