Lufthansa Acquires Big Part of Air Berlin

Business » INDUSTRY | October 12, 2017, Thursday // 16:25| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Lufthansa Acquires Big Part of Air Berlin Pixabay.com

Lufthansa will sign a contract to buy big part of the property of the bankrupt Air Berlin. Lufthansa spokesman Karsten Spor announced that the contract will be confided to notary in Berlin at 12am local time.

Air Berlin announced insolvency in mid-August, operating since then with a EUR 150 million state credit.

Lufthansa is expected to acquire 81 aircrafts from Air Berlin, employ 3,000 workers, with an amount of EUR 1.5 billion to be invested. The news of the deal led to a 3% increase in Lufthansa's stock, as the exchange rate reached EUR 25.36 per share, the highest level since the beginning of 2001

Industry » Be a reporter: Write and send your article
Tags: Lufthansa, Air Berlin, deal
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria