Air Berlin flying era ends October

October 11, 2017 by  
Filed under EUROPE, News

FRANKFURT, 11 October 2017: Bankrupt German airline Air Berlin must ground all flights by the end of October, the firm said Monday, as talks continue with prospective buyers Lufthansa and Easyjet.

Flights “will as far as we know no longer be possible after 28 October at the latest” because of insolvency rules, chief executive Thomas Winkelmann wrote in a letter to employees.

Air Berlin triggered bankruptcy proceedings in August after losing a cash lifeline from its biggest shareholder Etihad Airways. Read more

Air Berlin: Big jobs losses

October 9, 2017 by  
Filed under Aviation, EUROPE, News

FRANKFURT, 9 October 2017: About 1,400 Air Berlin workers may soon be out of a job, some as early as the end of this month, according to a union paper obtained by AFP on Saturday.

Many of the cuts would hit the bankrupt airline’s ground personnel and administration staff, whose contracts could end by the end of the month or in February 2018.

According to the document, Air Berlin could also soon stop operating, with only its subsidiary Niki continuing to fly. Read more

Air Berlin’s fleet to go first

September 22, 2017 by  
Filed under Aviation, EUROPE, News

FRANKFURT, 22 September 2017: The chief of Germany’s largest airline Lufthansa has said he hopes to buy up to 78 planes from bankrupt Air Berlin, dismissing fears the insolvency would grant him a near-monopoly over the skies.

Top priority was “stabilising” the status of some 38 aircraft Lufthansa already “wet-leases” — including their crews — from the smaller firm, Lufthansa chief Carsten Spohr told journalists in Frankfurt on Wednesday evening.

“Wet-leasing” refers to airlines leasing aircraft from each other rather than a leasing company. Read more

Air Berlin pilots call in sick

September 13, 2017 by  
Filed under Aviation, EUROPE, News

BERLIN, 13 September 2017: Bankrupt Air Berlin said it was forced to cancel dozens of flights on Tuesday, after “an exceptionally high number” of pilots called in sick.

“We regret the inconvenience for our passengers,” said the airline on its website.

Both domestic and international flights were affected, including links between Berlin and Los Angeles or Dubai. Read more

Squabbles over Air Berlin’s fate

September 1, 2017 by  
Filed under Aviation, EUROPE, News

BERLIN, 1 September 2017: Ryanair chief executive Michael O’ Leary said, Wednesday, his airline would not make a bid for insolvent Air Berlin, slamming what he called a German “stitch-up” designed to benefit Lufthansa.

Several airlines are jostling to take over parts of Air Berlin after it filed for insolvency earlier this month, a process Ryanair fiercely criticised.

The chief executive of the Irish no-frills airline said at a press conference in Berlin that Ryanair would only join the scramble for assets if it “was a fair and open process”. Read more

Dog fight over airline assets

August 28, 2017 by  
Filed under Aviation, EUROPE, News

PARIS, 28 August 2017: A dogfight over the assets of troubled Alitalia and Air Berlin heralds a new shake-up in the European airline industry — but unless other carriers cut costs they may meet a similar fate themselves, analysts warn.

Facing insolvency after key investor Etihad threw in the towel after years of trying to keep them flying despite losses, both airlines may now be snapped up whole or carved up by rivals interested in getting ahold of their planes and airport landing slots.

But the overhaul is unlikely to end there. Read more

Air Berlin on the brink

August 18, 2017 by  
Filed under Aviation, News

FRANKFURT, 18 August 2017: Air Berlin is in talks with three competitors about buying up its assets, the insolvent airline’s boss said, Thursday, warning that not all jobs would be saved.

“Aside from Lufthansa, we are in contact with two other interested parties from the aviation industry,” Air Berlin chief executive Thomas Winkelmann told the Frankfurter Allgemeine Zeitung newspaper.

The negotiations have been going on for weeks, he said, and all three airlines were financially sound and large enough “to offer Air Berlin a secure future” while keeping Germany as an operations hub. Read more

Air Berlin broke but still flies

August 16, 2017 by  
Filed under Aviation, EUROPE, News

BERLIN, 16 August 2017: Germany’s struggling budget airline Air Berlin on Tuesday said it had filed for insolvency proceedings after its main shareholder Etihad Airways said it “would not provide any further financial support”.

The German government was providing a bridging loan to keep flights going, it added in a statement.

In a separate statement German rival, Lufthansa, said it was in talks with Air Berlin to take over parts of the group. Read more

TUI and Etihad plan new group

October 6, 2016 by  
Filed under Aviation, EUROPE, News

FRANKFURT, 6 October 2016: German airline Air Berlin said, Wednesday, it would discuss transferring part of its fleet to a new group founded by package tour giant TUI and Gulf carrier Etihad as part of a major overhaul.

Air Berlin will discuss bringing 35 of its aircraft, including 14 already leased from TUI subsidiary TUIfly, into a “new airline group to be founded by the TUI group and Etihad”, it said in a statement.

The plans remain subject to negotiation and regulatory approval, the statement continued. Read more