EU approves Lufthansa′s partial takeover of Air Berlin
The EC Thursday approved Lufthansa's E210m (US$249m) partial takeover of its defunct rival Air Berlin. Brussels agreed that Lufthansa could buy up the remaining assets of Air Berlin’s LGW subsidiary under the condition that it restricts its operations at Dusseldorf airport - a move aimed at preventing excessive market dominance. Lufthansa initially planned on buying 81 aircraft out of Air Berlin’s 140-stong fleet, including all of the planes from its Austrian carrier Niki, plus its valuable airport slots. But amid concerns that the EU would reject its plans, Lufthansa last week pulled out of its bid for Niki – which led to its bankruptcy and grounding. The more modest offer will see Lufthansa acquire some 30 planes flown by LGW but leased from other companies. LGW employs some 500 people. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-12-22/star/eu-approves-lufthansa2032s-partial-takeover-of-air-berlin
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EU approves Lufthansa′s partial takeover of Air Berlin
The EC Thursday approved Lufthansa's E210m (US$249m) partial takeover of its defunct rival Air Berlin. Brussels agreed that Lufthansa could buy up the remaining assets of Air Berlin’s LGW subsidiary under the condition that it restricts its operations at Dusseldorf airport - a move aimed at preventing excessive market dominance. Lufthansa initially planned on buying 81 aircraft out of Air Berlin’s 140-stong fleet, including all of the planes from its Austrian carrier Niki, plus its valuable airport slots. But amid concerns that the EU would reject its plans, Lufthansa last week pulled out of its bid for Niki – which led to its bankruptcy and grounding. The more modest offer will see Lufthansa acquire some 30 planes flown by LGW but leased from other companies. LGW employs some 500 people. <br/>
