Saturday October 28, 2017
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EasyJet will enter into leases for up to 25 A320 aircraft and take over slots. — Reuters picEasyJet will enter into leases for up to 25 A320 aircraft and take over slots. — Reuters picLONDON, Oct 28 — British low-cost carrier easyJet announced today it had agreed to buy part of bankrupt carrier Air Berlin’s operations at the German capital’s Tegel Airport for €40 million (RM196.8 million).

EasyJet will enter into leases for up to 25 A320 aircraft and take over slots, it said, as the last Air Berlin flights were set to land back in Germany.

The company also said it was hoping to recruit around 1,000 Air Berlin pilots and cabin crew over the coming months, to be employed on German contracts.

Air Berlin, Germany’s second-ranked airline employing some 8,000 people, triggered bankruptcy proceedings in August after its biggest shareholder Etihad Airways pulled the plug on a cash lifeline following years of losses.

The price excludes “potential start-up and transitional operating costs”, easyJet said, adding: “The acquisition is subject to regulatory approvals and is expected to close in December 2017.” — AFP

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