Articles tagged “air berlin”

Investors Claim They Were Misled About Air Berlin and Alitalia

Investors Claim They Were Misled About Air Berlin and Alitalia

Luca Casiraghi, Bloomberg

Etihad's investment strategy, which many saw as bold and innovative at the time, didn't turn out that way. And now the airline will have to answer to creditors.

1 year ago

Lufthansa Ends Pursuit of Air Berlin’s Niki After European Union Pressure

Lufthansa Ends Pursuit of Air Berlin’s Niki After European Union Pressure

Richard Weiss, Bloomberg

While the European Union's rigorous competition laws are well-meaning, in this case they likely mean the closure of an airline, job losses and travel chaos. Let's hope another buyer emerges.

2 years ago

Lufthansa’s Planned Air Berlin Takeover Is Questioned by Regulators

Lufthansa’s Planned Air Berlin Takeover Is Questioned by Regulators

Aoife White and Richard Weiss, Bloomberg

It's no surprise regulators understand Lufthansa acquiring assets from what was once its biggest domestic rival could hurt competition. But we're betting Lufthansa will find a way to close this deal.

2 years ago

EasyJet Finalizes $46 Million Deal for a Piece of Bankrupt Air Berlin

EasyJet Finalizes $46 Million Deal for a Piece of Bankrupt Air Berlin

Thomas Seal, Bloomberg

Although it might not seem like it, this is a pretty big deal for EasyJet. Buying a chunk of Air Berlin will give it greater exposure to Europe's biggest economy, helping it to catch up with rival Ryanair.

2 years ago

Air Berlin Shuts Down Friday, Leaving a Temporary Gap in Germany’s Air Market

Air Berlin Shuts Down Friday, Leaving a Temporary Gap in Germany’s Air Market

Associated Press

When airlines with storied histories fly for the last time, it's a sad day across the airline industry. But Air Berlin is not Pan Am. The German airline had its loyalists, yes. But the world will be fine without Air Berlin. Sad, but true.

2 years ago

Business of Loyalty: Etihad Bails Out Air Berlin’s Loyalty Members

Business of Loyalty: Etihad Bails Out Air Berlin’s Loyalty Members

Grant Martin, Skift

The jig was almost up for members of Air Berlin's frequent flyer program, but at the last moment, Etihad extended an olive branch.

2 years ago

Lufthansa Closes in on Deal to Buy Part of Bankrupt Air Berlin

Lufthansa Closes in on Deal to Buy Part of Bankrupt Air Berlin

Associated Press

Lufthansa was always likely to be the final destination for a significant portion of the Air Berlin business, we'll have to wait and see if anyone else will be taking a piece.

2 years ago

Bankrupt Air Berlin Ready to End Flights in Late October

Bankrupt Air Berlin Ready to End Flights in Late October

Associated Press

Air Berlin will end its flights at the end of the month, while its subsidiaries will continue to operate. It's still unclear what exactly will transpire in the next few weeks as Lufthansa and Easyjet bid to carve up the airline into pieces.

2 years ago

Lufthansa and EasyJet Win Battle to Carve Up Bankrupt Air Berlin

Lufthansa and EasyJet Win Battle to Carve Up Bankrupt Air Berlin

Richard Weiss, Bloomberg

Lufthansa and EasyJet have been flagged as front runners for a while now so this shouldn't come as a surprise. Still, it will be interesting to see how both utilize the assets if their bids are successful.

2 years ago

Air Berlin Pilots Stage a Sick Out and Management Is Not Happy

Air Berlin Pilots Stage a Sick Out and Management Is Not Happy

Richard Weiss, Bloomberg

Often, when pilots call in sick en masse, they have a strategy. It's not clear if there's any strategy here. The future is not bright for Air Berlin, and there's nothing pilots can do. Perhaps they only called in sick to register their displeasure at the airline's failure.

2 years ago

Air Berlin Requires a Quick Deal, German Government Official Says

Air Berlin Requires a Quick Deal, German Government Official Says

James Regan, Bloomberg

Let the games begin: Lufthansa, Ryanair, easyJet and a German investor are said to be interested in scavenging for pieces of the beleaguered Air Berlin. The German government is getting lots of grief for making a bridge loan but that was a prudent thing to do in the public interest.

2 years ago

Air Berlin’s Post-Bankruptcy Future Is Unclear but Ryanair Wants a Piece

Air Berlin’s Post-Bankruptcy Future Is Unclear but Ryanair Wants a Piece

Christopher Jasper, Bloomberg

Given Ryanair's previous lack of interest in pursuing airline acquisitions, it is hard to know how serious it is about about buying Air Berlin. It might just be a good excuse to give rival airlines and regulators a hard time, something the carrier has enjoyed.

2 years ago