Air Berlin aims for asset sales to at least two buyers: CE

Air Berlin aims to strike deals to sell assets to 2 or more buyers by the end of September, before a govt loan keeping its planes in the air runs out, its CE said. The group is in talks with a total of 3 aviation firms, including Lufthansa, the Frankfurter Allgemeine Zeitung quoted Thomas Winkelmann as saying Thursday. All three are “reputable in terms of their finances, sufficiently large to offer Air Berlin a secure future and are interested in keeping Germany as a base of operations”, he said. According to Winkelmann, the negotiations also include assets of Air Berlin unit Niki, which Etihad had agreed to buy for E300m (US$354m) earlier this year. Lufthansa has confirmed it is in talks to take over parts of Air Berlin’s business, while a source has said EasyJet was also part of the negotiations. <br/>
Reuters
https://www.theglobeandmail.com/report-on-business/air-berlin-aims-for-asset-sales-to-at-least-two-buyers-ceo/article36008526/
8/17/17