Lufthansa kicks off Air Berlin approval process with EU
Lufthansa has begun the European approval process for its takeover of large parts of insolvent Air Berlin. The deal has come under fire from airlines and consumer groups who fear it will give Lufthansa dominance of German domestic routes and in Austria. A spokesman for Lufthansa said Wednesday it had notified the EC, which was not immediately available for comment, and expected a decision to be taken in December. Lufthansa last month said it planned to acquire Air Berlin units Niki and LG Walter, plus additional aircraft in a deal that will grow its fleet by 81 aircraft. The purchase price is E210m (US$244m) but Lufthansa expects to invest around E1.5b in total, including paying for the planes and other items such as staff training and repainting planes. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-02/star/lufthansa-kicks-off-air-berlin-approval-process-with-eu
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Lufthansa kicks off Air Berlin approval process with EU
Lufthansa has begun the European approval process for its takeover of large parts of insolvent Air Berlin. The deal has come under fire from airlines and consumer groups who fear it will give Lufthansa dominance of German domestic routes and in Austria. A spokesman for Lufthansa said Wednesday it had notified the EC, which was not immediately available for comment, and expected a decision to be taken in December. Lufthansa last month said it planned to acquire Air Berlin units Niki and LG Walter, plus additional aircraft in a deal that will grow its fleet by 81 aircraft. The purchase price is E210m (US$244m) but Lufthansa expects to invest around E1.5b in total, including paying for the planes and other items such as staff training and repainting planes. <br/>
