vegassports-odds.com
vegassports-odds.com October 18, 2017


Lufthansa to acquire majority of insolvent Air Berlin

12 October 2017, 04:20 | Taylor George

According to The Telegraph bankrupt airline carrier Air Berlin will end service on all its routes no later than October 28

According to The Telegraph bankrupt airline carrier Air Berlin will end service on all its routes no later than October 28

Lufthansa agreed to buy parts of insolvent German airline Air Berlin for around 210 million euros ($248.72 million), Air Berlin said on Thursday.

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

Spohr said, "Today is a big day, which we will seal in a few hours with a signature".

Last month, Air Berlin said negotiations with Lufthansa and easyJet would continue until 12 October, and the latter, which has a base at Berlin's Schoenefeld airport, has reportedly been discussing the possibility of acquiring 27 to 30 aircraft from its bankrupt rival.

A person familiar with the matter said on Wednesday that Lufthansa, Germany's largest airline, was set to buy Air Berlin's Austrian leisure travel airline Niki, its LG Walter regional airline and also acquire some additional short-haul aircraft.

Google disables the Mini speaker's top button to fix spying bug
Meanwhile, the company disabled the feature that starts audio recording after a long-press move on all Google Home Minis . Google has issued the following statement: "We take user privacy and product quality concerns very seriously".

Petrol pump dealers call off strike
He had added that it is unacceptable that they get minimum wages from oil companies and not give them to their employees. The OMCs said the move was necessary to bring discipline among retailers and to protect consumers' interests.

Jerry Jones Says Any Cowboy Seen "Disrespecting The Flag" Will Not Play
Jones said a phone conversation with Trump after the display in Arizona included Trump telling him there was a rule on the books. It's so important if that's what the country is looking at to look at [the protest] differently'.

Photo Lufthansa, Germany's largest airline, said it expected to take over 81 planes from Air Berlin, a low-priced carrier that filed for insolvency this summer.

Meanwhile, unions have complained that many of Air Berlin's staff faced an uncertain future despite promises when talks with Lufthansa and Easyjet began that most would find jobs with the bidders.

News of the impeding deal was well received by analysts, with strategists at HSBC lifting the target price on Lufthansa shares from €25 to €29.

Air Berlin, which accumulated debt for nearly a decade, reported a record loss of €782m (£713m) for a year ago.



Other News

Trending Now

Police made 'dog's breakfast' of Aarushi case: Omar Abdullah
Noida Police alleged that Rajesh had committed the twin murders after finding Aarushi and Hemraj in an "objectionable" position. The Court had held Aarushi's parents for the gruesome killings of their daughter and their domestic help, Hemraj .

JPMorgan earnings are coming - here's what Wall Street expects
Its up 0.32, from 0.87 in 2017Q1. 26 funds opened positions while 79 raised stakes. (NYSE:JPM) for 428,492 shares. The Firm operates through two lines of business: Investment Servicing and Investment Management.

Mysterious hole the size of ME opens in Antarctica
Areas of open water enveloped by ice, such as this hole are known as polynias and are formed in the coastal areas of Antarctica. Moore says they are working to understand what is triggering the formation of these holes again after so many years.

Just having best development ideas not enough: Prime Minister Modi
He did pioneering work towards poverty alleviation, rural health, rural education and took forward the legacy of Pt. Modi said that rural India wants to leverage similar facility as urban India enjoys.