September 14, 2017 / 3:30 PM / in 5 months

Air Berlin says decision on bids to be taken September 25

BERLIN (Reuters) - A decision on who will buy Germany’s insolvent airline Air Berlin (AB1.DE) has been postponed and will be taken on Sept. 25, the day after the country’s national election, a spokesman for the carrier said.

    “The plan is to take the final decision on Sept. 25,” a spokesman for Air Berlin told Reuters. The decision on the bidding process was initially expected to come on Sept. 21.

    Air Berlin, Germany’s second-biggest airline, is set to be carved up, most likely among several buyers, with binding offers due on Friday.

    Lufthansa (LHAG.DE), is seen in pole position to acquire large parts of Air Berlin. The insolvent carrier’s supervisory board is also due to meet on Sept. 25, sources have told Reuters.

    Reporting by Klaus Lauer; Writing by Andreas Cremer; Editing by Christoph Steitz

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