Air Ber­lin re­ceives sev­eral bids for its most de­sir­able as­sets

The Irish Times - - Business Today -

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

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.