Eurowings is reaching the end of a project to integrate 77 aircraft from failed rival airBerlin into its fleet. Over the past nine months the planes have joined with the airline, with an Airbus A320 from lessor Magnetar with 174 seats and the registration D-ABDT, marking the final hurdle.
International Airlines Group is to buy assets of the Austrian airline Niki, formerly part of the airberlin group. The deal is worth €20 million and will provide liquidity to Niki of up to €16.5 million.
Flight operations at Austrian carrier Niki have been suspended, leaving thousands of passengers stranded. Passengers who booked their flight through a tour operator should contact them directly, the carrier said, as the they are responsible for getting them home.
easyJet today signed an agreement with airberlin to acquire part of its operations at Berlin Tegel Airport for a purchase consideration of €40 million. This excludes potential start-up and transitional operating costs.
airberlin will cancel all flights from October 28th “at the latest” as it formally declares bankruptcy. The German carrier began insolvency proceedings in August, seeking protection from its creditors.
Ryanair has lodged competition complaints with the German Bundeskartellamt and the European Commission opposing a mooted deal between Lufthansa and stricken airBerlin. The smaller German carrier yesterday began insolvency protection proceedings, after shareholder Etihad Airways withdrew financial support.
Loss-making airline airBerlin is seeking protection from its creditors and has launched insolvency proceedings. However, the carrier said it wants to remain in operation following a government bailout.
airberlin has confirmed that the sale of the shares it indirectly holds in Niki Luftfahrt agreed with Etihad will go ahead. The deal will proceed at a time to be agreed and in a manner compliant with European Union regulations.
Austrian Airlines and Air Berlin have concluded a wet lease agreement stipulating the lease of five aircraft operated by the Air Berlin Group. The airplanes will be successively integrated into the Austrian Airlines fleet in the months of March and April 2017.
TUI AG‘s supervisory board has given the green light today for further steps with the goal to create a new European airline joint venture with Etihad Aviation Group. TUI Group’s supervisory body approved the plan to contribute its German leisure airline subsidiary TUI fly GmbH to a joint venture with Etihad.
Etihad Aviation Group and TUI AG today confirmed they are in discussions to create a European leisure airline group, focused on point-to-point flying to connect key tourist markets. It is proposed to contribute the touristic operations of the airberlin group and the German TUIfly company, including the aircraft currently operated by TUIfly for airberlin under a wet-lease agreement, into a new airline group established by TUI AG and Etihad Aviation Group.
airberlin has unveiled a far-reaching restructuring of its business, which will see the company concentrate its core operations as a focused network carrier serving higher-yielding markets, from its two key hubs in Berlin and Dusseldorf, with a core fleet of 75 aircraft. Its leisure flying will be combined into an independently operating business unit.