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Lufthansa agrees to buy parts of insolvent Air Berlin
October 12, 2017 / 1:04 PM / 9 days ago

Lufthansa agrees to buy parts of insolvent Air Berlin

FRANKFURT, Oct 12 (Reuters) - Lufthansa agreed to buy parts of insolvent German airline Air Berlin for around 210 million euros ($248.72 million), Air Berlin said on Thursday.

The deal includes Air Berlin’s Austrian leisure travel airline Niki, its LG Walter regional airline and 20 further aircraft, its said in a statement, adding that the purchase price was subject to adjustments upon closing.

Negotiations with Britain’s easyJet and other bidders for other parts of the business are ongoing, Air Berlin said.

$1 = 0.8443 euros Reporting by Maria Sheahan; Editing by Arno Schuetze

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