Lufthansa Group has agreed to buy major parts of insolvent Air Berlin, including Austrian subsidiary Niki, regional unit Luftverkehrsgesellschaft Walter (LGW), along with an additional 20 aircraft, Air Berlin announced Thursday. According to Air Berlin, the 210 million purchase guarantees the preservation of all jobs at Niki and LGW and opens the prospect of employment for several thousand Air Berlin employees. The deal remains subject to approval by Air Berlins creditors committee, the administrator in the insolvency proceedings and the European Competition Authority in Brussels.
If the agreement gains all the need approvals, Lufthansa will take over 81 aircraft now in the Air Berlin fleet.
The announcement came just two days after Ai…
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