Three airlines interested in Air Berlin assets: CEO
Air Berlin is in talks with three competitors about buying up its assets, the insolvent airline’s boss said yesterday, warning that not all jobs would be saved.
“Aside from Lufthansa, we are in contact with two other interested parties from the aviation industry,” Air Berlin CEO Thomas Winkelmann told the Frankfurter Allgemeine Zeitung newspaper.
The negotiations have been going on for weeks, he said, and all three airlines were financially sound and large enough “to offer Air Berlin a secure future” while keeping Germany as an operations hub.
He did not name the other two airlines, but Easyjet has long been eyeing Air Berlin and German media have speculated that Thomas Cook subsidiary Condor is the third party.
Air Berlin was forced to file for insolvency on Tuesday after main shareholder Etihad suddenly ended its financial support for the loss-making airline.
The government stepped in with a 150-million-euro (Us$170-million) bridging loan to keep Germany’s second-largest airline flying for the next three months, saying it did not want to leave tens of thousands of holidaymakers stranded. Winkelmann said he aimed to strike a deal with at least two of the interested buyers by the end of September, with Air Berlin’s landing rights considered particularly valuable and the fate of Austrian subsidiary Niki also under discussion.
“But we won’t be able to save all jobs,” the newspaper quoted Winkelmann as telling employees in staff meetings.
The airline, sometimes dubbed the ‘Mallorca shuttle’ for its popularity with German tourists headed for Spanish beaches, employs some 8,000 people.