Lufthansa swoops for €210m of Air Ber­lin

The Daily Telegraph - Business - - Business -

Lufthansa has signed a €210m (£187m) deal to buy a large part of in­sol­vent Air Ber­lin, ce­ment­ing its po­si­tion as Ger­many’s most pow­er­ful air­line. Lufthansa plans to use the as­sets to ex­pand its low-cost arm, Eurow­ings. Air Ber­lin filed for in­sol­vency on Aug 15, af­ter strug­gling to turn a profit for the last decade. It has been kept afloat in re­cent weeks by a govern­ment loan.

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